Source: deVere GroupAugust 7 2026A shock US jobs report has all but ended the case for a September rate hike, affirms the CEO of one of the world’s largest independent financial advisory organisations. “A jobs report this weak, layered on top of two months of substantial downward revisions, makes a hike next month almost impossible to justify. “Downward revisions of this size change the entire narrative around the labour market’s recent strength. Nigel Green says gold’s rally reflects investors positioning ahead of, rather than reacting to, this shift. “Weak jobs data typically extends that kind of move rather than reversing it.”