Gold Breaks $4,300 on Weak Jobs Data, Targets $5,000

Gold surged to $4,350 after July jobs miss (23k loss vs +80k expected), triggering 8% weekly gain. Breakout above $4,300 driven by cooling labor market and Fed easing expectations. UBS and BNP Paribas reiterate $5,000 target by H1 2027. Near-term target $4,400 per Elliott Wave.