Gold news for August 4, 2026

Gold is gaining ground on a technical rebound, with traders turning attention to upcoming U.S. labor data for fresh direction. The move comes as recent pressure has eased, while strong gold prices are also boosting revenue for miners like Fresnillo. The focus remains on how economic data may influence the metal's next move.

Updated 20:26 UTC

How the day unfolded

1. 05:44 UTC

   Gold prices have been fluctuating, with recent gains attributed to a technical rebound and anticipation of U.S. labor data, while also facing pressure from uncertainty over US-Iran talks. Additionally, news of the Bank of Korea buying gold from local producers highlights ongoing central bank demand for the metal.

2. 14:44 UTC

   Gold is trading with a technical rebound after posting its worst quarter in 13 years. Attention is turning to upcoming U.S. labor data, which could influence the metal's next move. Meanwhile, miners like Fresnillo report higher revenue on elevated gold prices, though some research questions gold's safe-haven status.

3. 17:26 UTC

   Gold is edging higher on a technical rebound, with traders focusing on upcoming U.S. labor data for further direction. This comes after the metal posted its worst quarter in 13 years, though higher gold prices have boosted miners like Fresnillo. The market remains attuned to economic data that could influence gold's near-term trajectory.

Headlines (16)

• Gold Rises on Technical Rebound
  www.wsj.com · Aug 3, 01:03 UTC
• Gold: Explosive phase, muted correction – Deutsche Bank
  www.fxstreet.com · Aug 3, 09:38 UTC
• Sponsored: Dakota Gold targets 2029 production
  www.northernminer.com · Aug 3, 10:03 UTC
• Bank of Korea to buy gold from local producers
  www.investing.com · Aug 3, 12:34 UTC
• Namibia’s gold rush is intact thanks to Wia, B2Gold
  www.miningmx.com · Aug 3, 14:36 UTC
• Gold and Silver Under Pressure, But a Technical Rebound May Be Near
  www.investing.com · Aug 3, 18:33 UTC
• Gold declines to near $4,050 on US–Iran talks uncertainty
  www.fxstreet.com · Aug 3, 23:21 UTC
• Gold Rises; Focus on U.S. Labor Data
  www.wsj.com · 00:34 UTC
• Is gold still the safe haven it was? Research suggests it has lost its lustre
  www.miningweekly.com · 10:25 UTC
• Fresnillo’s interim revenue up 74.7% y/y on higher gold, silver prices
  www.miningweekly.com · 11:19 UTC
• Business breakfast discusses key priorities for Australian gold value chain
  www.miningweekly.com · 11:19 UTC
• Tether Gold reserves rise 9.5% as gold posts worst quarter in 13 years
  cointelegraph.com · 12:31 UTC
• Kavango starts commissioning Zimbabwe gold mine
  www.mining.com · 13:08 UTC
• Site visit: Inventus advances continent’s sole paleoplacer gold project near Sudbury
  www.northernminer.com · 15:40 UTC
• TNM Drill Down: Radisson in Quebec tops gold assays for June-July
  www.northernminer.com · 17:10 UTC
• Benz traces high-grade gold zones at Glenburgh
  www.northernminer.com · 19:22 UTC

Scheduled events

As of 23:26 UTC

• 2026-08-04 — Trade Balance · forecast -73.0B · USD
• 2026-08-04 — Factory Orders m/m · forecast 0.2% · USD
• 2026-08-04 — JOLTS Job Openings · forecast 7.44M · USD
• 2026-08-04 — RCM/TIPP Economic Optimism · forecast 47.5 · USD
• 2026-08-04 — API Weekly Statistical Bulletin · USD
• 2026-08-05 — FOMC Member Schmid Speaks · USD
• 2026-08-05 — ADP Non-Farm Employment Change · forecast 68K · USD
• 2026-08-05 — Final Services PMI · forecast 53.6 · USD