Gold bias flipped 31 times to bearish on August 6, 2026
Gold prices have surged to their highest level since June, driven by weak US payrolls data, easing Treasury yields, and a softer US Dollar. Additionally, optimism over a potential Hormuz deal has supported the rally, with some analysts focusing on a target around $4,380. These factors collectively are underpinning the current strength in the gold market.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 31 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Bullish
- 00:40Neutral
- 02:33Bearish
- 02:37Bullish
- 02:41Neutral
- 03:25Bullish
- 04:23Bearish
- 05:51Bullish
- 06:11Neutral
- 07:36Bearish
- 07:44Bullish
- 08:24Neutral
- 10:04Bearish
- 10:41Neutral
- 11:05Bearish
- 11:21Neutral
- 11:37Bullish
- 12:17Bearish
- 12:33Bullish
- 13:21Neutral
- 13:41Bullish
- 14:09Bearish
- 14:37Bullish
- 16:06Bearish
- 16:18Bullish
- 16:26Weak bullish
- 17:14Bullish
- 17:18Weak bullish
- 17:38Neutral
- 18:50Bullish
- 21:02Neutral
- 22:03Bearish
Headlines (13)
First seen on August 6
- $4,350 and US NFP in focus: Gold bulls tighten grip on Hormuz reopening hopesFXStreet
- Gold Price Forecast: XAU/USD bulls target $4,380 buoyed by lower US yieldsFXStreet
- Gold price hits highest level since June on weak payrolls data and Hormuz deal hopesCNBC
- Gold: Hormuz optimism supports rally – INGFXStreet
- Why is Gold surging toward $4,300 as the US Dollar and Treasury yields ease?FXStreet
Carried over from earlier days
- Fresnillo’s interim revenue up 74.7% y/y on higher gold, silver pricesMining Weekly
- TNM Drill Down: Radisson in Quebec tops gold assays for June-Julynorthernminer.com
- Benz traces high-grade gold zones at Glenburghnorthernminer.com
- Gold climbs for third day as Hormuz deal hopes ease inflation fears, holds above $4,100InvestingLive
- Gold price tops $4,200/oz for first time since July 6TASS
- Westgold to expand Cue hub processing rates for more ore optionality, higher outputMining Weekly
- Durrett sees two more legs in gold prices as miners lagMining.com
- investingLive Americas market news wrap: Gold storms higherInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, August 6 | ||
| FOMC Member Daly Speaks | USD | |
| Unemployment Rate | 3.1% | CHF |
| Challenger Job Cuts y/y | USD | |
| Unemployment Claims | 203K | USD |
| Prelim Nonfarm Productivity q/q | 0.6% | USD |
| Prelim Unit Labor Costs q/q | 2.2% | USD |
| Final Wholesale Inventories m/m | 0.3% | USD |
| Natural Gas Storage | 30B | USD |