Gold Prices Surge as Partial US Government Shutdown Delays Key Employment Data
Gold prices jumped after a partial US government shutdown delayed the January employment report. Precious metals gained as investors eye potential Fed rate cuts.
Insights:
Spot and futures gold prices jumped sharply after the US 
USBureau of Labor Statistics announced that the January employment report will not be released this Friday. This delay is the direct result of an ongoing partial USgovernment shutdown that has disrupted scheduled economic data releases. Spot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT on Feb 3, 2026, after having touched a near one-month low in the previous session. Simultaneously, COMEX Gold Futures for April delivery climbed 4.5% to $4,859.30 per ounce.
USBureau of Labor Statistics announced that the January employment report will not be released this Friday. This delay is the direct result of an ongoing partial USgovernment shutdown that has disrupted scheduled economic data releases. Spot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT on Feb 3, 2026, after having touched a near one-month low in the previous session. Simultaneously, COMEX Gold Futures for April delivery climbed 4.5% to $4,859.30 per ounce.
