Gold extends gains on weak jobs data, lower oil prices

Spot gold rose 0.8% to $4,063.56 per ounce, reaching a high of $4,114.99 on Wednesday, its highest since June 23, supported by weak US private employment data (98,000 jobs added vs 118,000 expected) and falling oil prices following US-Iran talks on the Strait of Hormuz. Silver gained 1% to $59.76, platinum rose 0.4% to $1,583.05, and palladium added 1.1% to $1,223.80. Traders await June nonfarm payrolls data later today, with Fed rate hike expectations for September priced at around 64% per CME FedWatch.