Gold Prices Today, Monday, July 6: Higher Prices Following Thursday's Jobs Report

Gold prices today, Monday, July 6, 2026, opened at $4,187.50 per troy ounce, up 1.5% from Thursday's closing price of $4,125.70. As of 8:10 a.m. ET, the price of gold was down to $4,165.80.

Gold prices moved upward following the latest jobs report last Thursday. Analysts expected the economy to add well over 100,000 jobs last month and the unemployment rate to remain at 4.3% for the fourth consecutive month. However, only 57,000 new jobs were added in June, and the unemployment rate fell to 4.2%.

The price of gold had its best opening this Monday morning since June 18. The U.S. Dollar Index fell following last week's jobs report, lowering the opportunity cost of holding assets like gold, silver, and crypto, creating room for precious metal prices to rise.

The price of gold is moving back down from its opening price this morning as the dollar regains strength. There's not a ton of economic news out this week, but we'll be monitoring how the latest news and events affect the odds of a rate change following the Fed's meeting later this month. Higher rates will put downward pressure on gold prices.

Explanation of Gold Prices

Gold prices can be quoted in multiple forms because the precious metal is traded in different ways. The two main gold prices investors should know about are spot prices and gold futures prices.

Factors that Affect Gold Prices

Gold supply and demand determine gold spot prices and gold futures prices. Factors that influence gold supply and demand include geopolitical events, central bank buying trends, inflation, interest rates, and mining production.

Conclusion and Analysis: The Future of Gold Prices

Gold prices rose following Thursday's jobs report. However, the possibility of a change in interest rates may affect gold prices. Investors should monitor gold prices and make informed investment decisions.