Al Fahad Al Dhahabi speaks plainly this Friday September 4: today America’s jobs report hit gold squarely — 162,000 jobs added, triple the forecast, and July’s famous “job losses” revised into gains. Gold dropped 2% to $4,376 before steadying near $4,390. The bold read owes you the truth in both directions: a real pillar of gold’s case fell today. The house did not. Here is the professional’s accounting.
Today’s prices:
24K: ~$141.15/gram | 22K: ~$129.40/gram | 21K: ~$123.50/gram | 18K: ~$105.85/gram
The pillar that fell. For a month, this column’s case leaned on one fact: America was losing jobs, and no central bank hikes into job losses. That fact is now revised out of existence — July was +21,000, August was +162,000. Say it plainly: the labor argument for gold is gone. The September rate rise is now a slight favorite (52–59%), and the Fed meets in eleven days.
The house that stands. Count what remains, because professionals count. The Treasury still buys bonds by the billions to suppress yields — unchanged. Central banks still accumulate gold monthly — unchanged. The strait remains shut with no end-timeline offered — unchanged. Wages grew a tame 3.1% — no inflation fire in the report. And the Fed is split in public: Warsh strict, Waller and Williams patient, all of them now waiting on one number — next week’s inflation report. That number, not today’s, decides September. Today’s 2% drop finding buyers within hours at $4,376 tells you the house still has residents.
The Al Fahad guidance — direct as always:
Occasion within a month? Nothing changed for you except confirmation: at ~$141 per 24K gram — roughly $1,940 below January’s record per 50 grams — your window remains excellent. Buy the set; the Fed does not attend weddings.
Building holdings? Today ended the guessing: everything now rides on next week’s inflation print. The professional’s play — keep reserves for $4,320/$4,282 if it runs hot, and pre-decide to complete purchases on a cool print even $80 higher, because a dead September hike likely returns gold to $4,500+ fast. Write both orders tonight.
Pure saver? A pillar fell and your plan didn’t notice. That is the entire argument for your plan. Continue monthly.
One professional caution: Next week’s inflation report can move this market $100+ in an hour, either way. Between now and then, confirm the live price with us before you buy.
A pillar fell today; professionals rebuild on what stands. Al Fahad Al Dhahabi welcomes you with counsel that counts honestly in both directions.
Today’s prices: 24K — $141.15/gram | 22K — $129.40/gram | 21K — $123.50/gram
All prices USD. Friday September 4 indicative. Event-driven volatility ahead. Please confirm final pricing in store.
