{"id":437578,"date":"2026-09-07T08:19:18","date_gmt":"2026-09-07T01:19:18","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-sold-strong-jobs-data-keeps-september-fed-hike-alive-mint-sales-slump-437578\/"},"modified":"2026-09-07T08:19:18","modified_gmt":"2026-09-07T01:19:18","slug":"gold-sold-strong-jobs-data-keeps-september-fed-hike-alive-mint-sales-slump","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-sold-strong-jobs-data-keeps-september-fed-hike-alive-mint-sales-slump-437578\/","title":{"rendered":"Gold sold: Strong jobs data keeps September Fed hike alive. Mint sales slump."},"content":{"rendered":"<div>\n<p dir=\"ltr\">Gold&#8217;s sell off masks a genuinely two-sided setup heading into this week&#8217;s inflation prints. A stronger than expected <a href=\"https:\/\/investinglive.com\/news\/investinglive-americas-market-news-wrap-big-beat-for-non-farm-payrolls\/\" rel=\"follow\">August jobs report<\/a> has kept the odds of a September rate hike firmly in play, a dynamic that typically weighs on non-yielding bullion given the higher opportunity cost of holding it, yet gold has held its ground rather than selling off further, suggesting the market sees this week&#8217;s CPI and PPI data as the more decisive catalyst. For AUD-linked exposure, Perth Mint&#8217;s own August sales slowdown, even after a double-digit monthly price gain, points to some retail demand fatigue locally even as global investment flows stayed strong enough to drive that price gain, a divergence worth watching if the inflation data pushes gold sharply in either direction this week.<\/p>\n<p dir=\"ltr\">&#8212;<br \/>\nGold is treading water ahead of this week&#8217;s inflation data, even as Perth Mint reports its own gold and silver sales cooled through August despite a strong month for prices.<\/p>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>Gold is trading a little lower on Monday as markets await key US inflation data due later this week for clues on the Fed&#8217;s rate path<\/li>\n<li>Friday&#8217;s data showed US job growth accelerated sharply in August while unemployment held at 4.1%, and gold slipped after the report<\/li>\n<li>Traders are pricing in around a 60% chance of a rate hike at the Fed&#8217;s 15-16 September meeting, according to CME&#8217;s FedWatch tool<\/li>\n<li>US CPI and PPI reports are due this week<\/li>\n<li>President Trump said Friday he would stop trading with deficit countries unless the Fed cuts rates<\/li>\n<li>Perth Mint&#8217;s August gold sales fell to a three-month low and silver sales dropped more than 31% from July, even as spot gold rose around 10% and silver climbed more than 15% over the month<\/li>\n<\/ul>\n<p dir=\"ltr\">\nGold is trading a little lower on Monday as markets await key<a href=\"https:\/\/investinglive.com\/stock-market-update\/goldman-says-inflation-data-not-jobs-will-decide-fed-s-september-call\/\" rel=\"follow\"> US inflation data due later this week <\/a>for further clues on the Federal Reserve&#8217;s interest rate path. Friday&#8217;s data showed US job growth accelerated sharply in August while the unemployment rate held steady at around 4.1%, suggesting an improvement in the labour market after recent struggles and keeping a rate increase this month firmly on the table. Gold slipped after the report, though it has since stabilised.<\/p>\n<p dir=\"ltr\">Traders are pricing in around a 60% chance of a rate hike at the Fed&#8217;s 15-16 September meeting, CME&#8217;s FedWatch tool showed. While gold is typically viewed as an inflation hedge, higher interest rates tend to weigh on the appeal of non-yielding bullion, and US consumer and producer inflation reports due this week are likely to be the more decisive input for how that calculation shifts. Adding a further wrinkle, President Donald Trump said on Friday that unless the Fed cuts interest rates, he would stop trading with countries with which the United States runs a deficit.<\/p>\n<p dir=\"ltr\">Away from the macro backdrop, Perth Mint reported that its gold product sales hit a three-month low in August, while silver sales slipped more than 31% from July. Sales of gold coins and minted bars totalled around 24,000 ounces, down roughly 22% from July and close to 21% lower than a year earlier. Silver sales fell to around 334,000 ounces, down from about 486,000 ounces in July and more than 21% lower year-on-year.<\/p>\n<p dir=\"ltr\">Neil Vance, Perth Mint&#8217;s general manager for distributors and product development, said new silver releases performed strongly during the month, with the 10kg silver bullion horse proving popular with customers and a large share of the Brumby mintage also selling. The sales slowdown came despite a strong month for prices, with spot gold posting a monthly gain of around 10% in August while silver rose more than 15%, underscoring a gap between investment demand driving prices higher and softer physical retail demand at the mint level. Perth Mint, owned by the government of Western Australia, is the world&#8217;s leading producer of newly mined gold and Australia&#8217;s largest refiner by volume.<\/p>\n<p dir=\"ltr\">\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold&#8217;s sell off masks a genuinely two-sided setup heading into this week&#8217;s inflation prints. A stronger than expected August jobs report has kept the odds of a September rate hike firmly in&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437578","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437578"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437578\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}