Gold bias flipped 7 times to neutral on August 8, 2026
Gold is being supported by rising expectations of dovish Federal Reserve policy, as weak US employment data and lower Treasury yields pressure the dollar. Additional momentum comes from robust Chinese demand, including the central bank's largest monthly reserve increase since October 2023 and a prolonged streak of ETF inflows. However, traders remain cautious ahead of upcoming US CPI data, which could either reinforce or reverse these gains.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 7 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
- 00:00Neutral
- 06:08Bullish
- 06:12Weak bullish
- 06:20Neutral
- 11:08Weak bullish
- 14:53Neutral
- 16:50Bullish
- 18:14Neutral
Headlines (11)
Carried over from earlier days
- 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
- Why is Gold surging toward $4,300 as the US Dollar and Treasury yields ease?FXStreet
- 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
- Bitcoin Trailed a $2.7 Trillion Gold and Silver Rally: Is the Yen to Blame?BeInCrypto
- Gold miners surge more than 20% in breakout weekMining.com
- Gold Rally Shows How Fast Fed Repricing Can Reset Bullion DemandInvesting.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Saturday, August 8 | ||
| FOMC Member Bowman Speaks | USD | |
| Monday, August 10 | ||
| Cleveland Fed Inflation Expectations | USD | |
| Tuesday, August 11 | ||
| NFIB Small Business Index | 97.8 | USD |
| Existing Home Sales | 4.05M | USD |
| 10-y Bond Auction | USD | |
| API Weekly Statistical Bulletin | USD | |
| ADP Weekly Employment Change | USD | |
| Wednesday, August 12 | ||
| Core CPI y/y | 2.5% | USD |