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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

19:05 · 2 July 2026

Daily summary: Gold surges 2%, Nasdaq drags down sentiments on Wall Street

European equity markets ended Thursday's session firmly higher, with Germany's DAX gaining more than 2%, the UK's FTSE 100 rising nearly 1.8%, and Poland's WIG20 closing 1.5% higher. The relatively strong performance reflected the lower weighting of semiconductor companies in European indices, in contrast to South Korea's KOSPI, which plunged more than 7% amid a sharp sell-off in Samsung and SK Hynix shares.

U.S. equity sentiment deteriorated sharply during the second half of the session, with the Nasdaq 100 falling 2.3% despite an initially positive reaction to weaker-than-expected U.S. nonfarm payroll (NFP) data. Micron is down 7.5%, while several semiconductor companies have dropped by more than 10%. Among the Big Tech names, Meta Platforms is the biggest laggard, losing nearly 5%, whereas Apple (AAPL.US) is outperforming with a gain of around 4.5%. Tesla is also under pressure, falling almost 8%, despite reporting second-quarter vehicle deliveries that exceeded market expectations.

As U.S. Treasury yields declined following the weaker NFP report and oil prices remained lower, gold rebounded above $4,100 per ounce, while silver gained nearly 2.5%. The U.S. dollar weakened, pushing EUR/USD almost 0.5% higher to above 1.143. Bitcoin recovered toward $62,000, although sentiment across the cryptocurrency market remains cautious. Meanwhile, Brent crude is trading around $71.50 per barrel, staging a modest rebound after the sharp declines seen in recent sessions.

U.S. macroeconomic data

The latest U.S. labor market report came in significantly weaker than expected.

  • Nonfarm Payrolls (NFP) increased by 57,000, well below the 113,000 consensus forecast and the previous reading of 172,000.
  • The U.S. unemployment rate fell to 4.2%, beating expectations of 4.3%.
  • Initial Jobless Claims came in at 215,000, better than the expected 218,000 and unchanged from the previous reading.
  • Average Hourly Earnings rose 3.5% year-over-year, above the 3.4% consensus.
  • Private Payrolls increased by just 49,000, missing expectations of 107,000.
  • Continuing Jobless Claims declined to 1.814 million, slightly below the expected 1.820 million.
  • The Average Workweek remained unchanged at 34.3 hours, in line with expectations.
  • Average Hourly Earnings rose 0.3% month-over-month, matching both the forecast and the previous reading.
  • Manufacturing Payrolls increased by 3,000, meeting expectations but below the previous 7,000 increase.
  • The Labor Force Participation Rate fell to 61.5%, below both the 61.8% forecast and the previous reading.
  • Government Payrolls declined by 8,000, following a 52,000 increase in the previous month.

The latest EIA Natural Gas Storage Report showed an inventory build of 87 billion cubic feet (Bcf), slightly above the 84 Bcf consensus forecast and the previous 76 Bcf increase. Natural gas futures initially moved lower following the release but later erased those early losses.

In the commodities market, CBOT wheat futures continue to trade above 600 cents per bushel, while ICE cocoa futures are down around 1.2% on the day.

Source: xStation 5

Gold (D1)

Gold has rebounded from the $3,900 area to above $4,100 per ounce, while the 50-day EMA has crossed below the 200-day EMA, forming a classic death cross. Interestingly, the last time this pattern appeared in 2023, it turned into a contrarian bullish signal, with gold beginning a major rally shortly after the moving averages crossed. The next major resistance is located around $4,400, while key support levels remain at $4,000 and $3,900.

Source: xStation 5

2 July 2026, 17:53

US100 falls almost 2% 🚩 Semiconductor stocks plunge as SanDisk tumbles 13%
2 July 2026, 16:09

EIA Natural gas inventories change higher than expected
2 July 2026, 15:57

NFP triggers a dollar sell-off – key takeaways from the June report
2 July 2026, 15:42

Oil extends losses as easing Middle East tensions push prices toward $70

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