iShares Gold Trust is trading 3.2% down today as investors reassess interest-rate expectations following a much-stronger-than-expected U.S. Employment Situation report.
- Stronger payroll growth and steady unemployment are reinforcing a more hawkish Federal Reserve outlook, pushing real yields and the dollar higher.
- Rising yields and dollar strength are pressuring gold prices, driving IAU lower alongside a broader risk-off move in equities and crypto.
- The June 5, 2026, jobs data has led market participants to recalibrate the timing and frequency of potential rate cuts.