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U.S. Creates 172k Jobs in May, Beating Forecasts, Pressures Gold Below $4,450

2026-06-05 21:21:38

According to the U.S. Bureau of Labor Statistics, the U.S. economy created 172,000 jobs in May, significantly exceeding consensus expectations of 85,000. The stronger-than-expected labor market data sparked a sharp selloff in gold, with spot gold trading down 0.77% to $4,441.03 per ounce. The unemployment rate remained steady at 4.3%, in line with forecasts, while April's employment figures were revised upward to 179,000 from an initial estimate of 64,000.

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