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Gold succumbs to profit-taking after US jobs data-fuelled rally
By Anushree Mukherjee and Brijesh Patel (Reuters) -Gold prices slipped on Monday as investors booked profits after a sharp rise in the previous session following weaker-than-expected U.S. jobs data that boosted expectations for a Federal Reserve interest rate cut in September. Spot gold lost 0.3% to $3,354.17 per ounce as of 0229 GMT. Bullion had risen more than 2% on Friday. However, U.S. gold futures gained 0.2% to $3,407.10. "Gold has made a conservative start to the week following Friday's price jump. A combination of profit taking and dollar stabilisation has caused gold to ease marginally to kick-off the week," KCM Trade Chief Market Analyst Tim Waterer said. Asian markets tracked Wall Street lower as fears for the U.S. economy returned with a vengeance, prompting investors to price in an almost certain rate cut in September and undermining the dollar. [MKTS/GLOB] Last week, U.S. job growth slowed more than expected in July, with nonfarm payrolls increasing by 73,000 jobs last month, after rising by a downwardly revised 14,000 in June, the Labor Department's Bureau of Labor Statistics said. This revived hopes of a Fed rate cut in September, with markets now pricing in an 81% chance, per CME FedWatch tool. The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said in comments aired on Sunday. "But with Trump on the tariff warpath once again, and the soft U.S. jobs report increasing the odds that we could see a September FOMC rate cut, any pullbacks in the precious metal could be of a shallow nature," Waterer added. Gold, traditionally considered a safe-haven asset during political and economic uncertainties, tends to thrive in a low-interest-rate environment. Spot silver fell 0.6% to $36.80 per ounce, platinum slipped 0.6% to $1,307.02 and palladium eased 0.9% to $1,197.76.
Yahoo
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New Phillies closer Jhoan Durán caps home shutout of Tigers with fastest pitch in park history
Baseball fans in Philadelphia have never seen anything quite like this. Jhoan Durán made his second appearance for the Phillies Sunday night since arriving via trade from the Minnesota Twins. He secured his second save in those two games. And he closed the 2-0 shutout over the Detroit Tigers with the fastest pitch in Citizen's Bank Park history. Durán's 103.3 mph fastball on a 2-2 count against All-Star Riley Greene set the new stadium record. And it got Greene swinging and missing at the top of the zone to end the game. It also got Phillies fans on their feet. And it wasn't the only record Durán set Sunday night. [Join or create a Yahoo Fantasy Football league for the 2025 NFL season] Durán threw five pitches in the top of the ninth of 102.4 mph or faster. Each of them was faster than any pitch previously thrown by a Phillies pitcher in the 22-year history of the ballpark. The save capped a standout weekend for the Phillies in the aftermath of acquiring Durán as their bonafide new closer. They end the weekend with a half-game lead over the New York Mets atop the NL East thanks to winning two out of three against the fellow first-place Tigers. Durán closed out both wins. For the second time in three nights, Phillies fans were treated to the electric Durán entrance that followed him from Minnesota, complete with daunting bell chimes, flames and creepy digital spider that's a nod to his nickname, the Durantula. On Friday, Durán secured a 5-4 win with a 1-2-3 effort in the ninth. On Sunday he entered the game in charge of a shutout after eight sensational innings from Cristopher Sanchez. He did not let Sanchez or Phillies fans down. Durán started the inning with a six-pitch groundout of pinch hitter Kerry Carpenter. He induced another groundout on his first pitch to Spencer Torkelson. He then threw five straight fastballs of 101-plus mph to Greene before his 103.3 mph laser ended the game. It was the exact kind of performance the Phillies envisioned when they acquired Durán. And it lowered his season-long ERA to a pristine 1.93. In a baseball postseason where the margins are slim, a strong, reliable closer is often the difference between advancing and not. The Phillies are hoping that Durán turns out to be a difference maker when the stakes are at their highest.
Yahoo
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Tauson sweeps Swiatek aside to make Montreal quarters
Denmark's Clara Tauson has stunned second-seeded Wimbledon champion Iga Swiatek to reach the quarter-finals of the Canadian Open. The Dane proved too consistent for Polish superstar Swiatek, winning 7-6 (7-1) 6-3 in Montreal on Sunday night (Monday AEST). The 183cm Tauson, seeded 16th in the hard-court event that ends Thursday, avenged a loss to Swiatek at Wimbledon to set up a match on Tuesday with sixth-seeded American Madison Keys, winner of this year's Australian Open singles title. "I think, obviously, getting a win against her after losing to her in Wimbledon a couple of weeks ago is obviously nice, because I was not feeling great in that match, and I felt like I was playing some good tennis in Wimbledon," Tauson said. "So I felt like if I could keep that going, I thought I had a shot." Clara Tauson picks up her first career win over Swiatek and moves into the quarterfinals!#OBN25 — wta (@WTA) August 4, 2025 Tauson won her lone tour title in New Zealand in January, beating fellow Montreal quarter-finalist Naomi Osaka of Japan in the final. Keys outlasted 11th-seeded Czech player Karolina Muchova 4-6 6-3 7-5 in the windy afternoon session. "Clara's a fantastic ball-striker," Keys said about the quarter-final match. "She's got a big serve. She's got a lot of power on both sides. She covers the court quite well on top of everything, so I feel like she's one of those matches where you kind of have to temper a little bit and not go for things too quickly." Osaka also advanced in the afternoon, routing Latvia's Anastasija Sevastova 6-1 6-0 in 49 minutes - the second-fastest victory of her career. Osaka had a 42-minute victory in a 2016 event in Brazil. The four-time major winner reached the final eight of a WTA 1000 or grand slam event for the first time in 19 months. In the quarter-finals she will face 10th-seeded Elina Svitolina of Ukraine, a 6-4 6-1 winner over fifth-seeded American and this year's Wimbledon finalist Amanda Anisimova. The quarter-finals will feature 18-year-old Canadian Victoria Mboko up against Spaniard Jessica Bouzas Maneiro, and Ukraine's Marta Kostyuk taking on the ninth seed Elena Rybakina, of Kazakhstan.
