Why Gold Is Holding Near $4,067 Ahead of a Jobs Week That Could Trigger a Rate Hike

Everyone’s watching Friday’s jobs report expecting it to unlock rate cuts. This cycle it could do the opposite, with markets pricing roughly a 68% chance of a September rate hike, and gold is holding near $4,067 anyway. Here’s the stagflation bind behind gold’s resilience, and what to watch this week.
Gold Isn’t Down 27%. It’s Down 5%. Here’s Why That Distinction Changes Everything.

Gold is down 5% from year-end 2025 — not 27%. Chief Economist Trey Reik explains why most investors are measuring the correction wrong, and why the gold bull market is still intact.
