Gold bias flipped 39 times to neutral on August 7, 2026
Gold is being supported by a combination of easing US Treasury yields and a softer US Dollar, which reduces the opportunity cost of holding the metal. Additionally, weak US payrolls data and growing optimism over a potential Hormuz deal have further fueled demand, while Chinese investors have added $1.2bn to gold ETFs in their longest buying streak since March.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 39 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
- 00:00Bearish
- 00:03Neutral
- 01:07Bullish
- 01:43Weak bullish
- 02:31Bearish
- 02:35Neutral
- 07:16Bearish
- 07:36Neutral
- 07:48Bullish
- 07:52Neutral
- 09:21Bullish
- 09:49Neutral
- 10:45Bullish
- 11:09Neutral
- 12:45Bullish
- 13:18Bearish
- 13:38Bullish
- 14:18Weak bullish
- 14:26Bullish
- 14:38Weak bullish
- 14:46Neutral
- 15:14Bullish
- 15:30Weak bearish
- 15:42Neutral
- 16:10Weak bearish
- 16:38Neutral
- 17:26Bullish
- 17:38Bearish
- 17:54Bullish
- 18:06Neutral
- 18:27Weak bullish
- 18:35Bullish
- 19:27Weak bullish
- 19:31Bearish
- 19:35Weak bearish
- 19:43Neutral
- 20:03Bearish
- 20:23Neutral
- 22:47Bullish
- 23:12Neutral
Headlines (14)
First seen on August 7
- Chinese investors pour $1.2bn into gold ETFs in longest streak since MarchInvestingLive
- Gold stays supported amid Middle East de-escalation, but the US CPI could erase the gainsInvestingLive
- China's gold reserves rise by most since October 2023 as buying pace quickensMining Weekly
- Gold Gains as Dovish Fed Expectations Pressure DXY and Treasury YieldsInvesting.com
- Gold, silver prices surge as US economy sheds 23,000 jobsMining.com
- Gold miners surge more than 20% in breakout weekMining.com
Carried over from earlier days
- 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
- $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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 7 | ||
| SECO Consumer Climate | -34 | CHF |
| Foreign Currency Reserves | CHF | |
| Unemployment Rate | 4.2% | USD |
| Non-Farm Employment Change | 85K | USD |
| Average Hourly Earnings m/m | 0.3% | USD |
| FOMC Member Barkin Speaks | USD | |
| Consumer Credit m/m | 11.4B | USD |
| Saturday, August 8 | ||
| FOMC Member Bowman Speaks | USD | |