Gold news for August 5, 2026

Gold has climbed for a third day, holding above $4,100 and briefly topping $4,200 for the first time since July 6, as hopes for a Hormuz deal eased inflation fears. However, prices have come under some pressure, with market focus shifting to upcoming U.S. labor data for direction.

Updated 08:26 UTC

How the day unfolded

1. 02:26 UTC

   Gold is in focus after posting its worst quarter in 13 years, with investors awaiting U.S. labor data for clues on the next move. While prices remain under pressure, some see a technical rebound as possible. Higher gold and silver prices have also lifted revenues for miners such as Fresnillo.

2. 05:26 UTC

   Gold is climbing for a third day, holding above $4,100, as hopes for a Hormuz deal ease inflation fears, while market focus turns to upcoming U.S. labor data for further direction. Despite recent pressure, technical indicators suggest a rebound may be near, and mining companies report higher revenues on elevated gold prices.

Headlines (13)

• Gold and Silver Under Pressure, But a Technical Rebound May Be Near
  www.investing.com · Aug 3, 18:33 UTC
• Gold Rises; Focus on U.S. Labor Data
  www.wsj.com · Aug 4, 00:34 UTC
• Fresnillo’s interim revenue up 74.7% y/y on higher gold, silver prices
  www.miningweekly.com · Aug 4, 11:19 UTC
• Tether Gold reserves rise 9.5% as gold posts worst quarter in 13 years
  cointelegraph.com · Aug 4, 12:31 UTC
• Kavango starts commissioning Zimbabwe gold mine
  www.mining.com · Aug 4, 13:08 UTC
• Site visit: Inventus advances continent’s sole paleoplacer gold project near Sudbury
  www.northernminer.com · Aug 4, 15:40 UTC
• TNM Drill Down: Radisson in Quebec tops gold assays for June-July
  www.northernminer.com · Aug 4, 17:10 UTC
• Benz traces high-grade gold zones at Glenburgh
  www.northernminer.com · Aug 4, 19:22 UTC
• Gold climbs for third day as Hormuz deal hopes ease inflation fears, holds above $4,100
  investinglive.com · 02:48 UTC
• Gold price tops $4,200/oz for first time since July 6
  tass.com · 06:48 UTC
• Westgold to expand Cue hub processing rates for more ore optionality, higher output
  www.miningweekly.com · 11:07 UTC
• Durrett sees two more legs in gold prices as miners lag
  www.mining.com · 12:10 UTC
• investingLive Americas market news wrap: Gold storms higher
  investinglive.com · 21:34 UTC

Scheduled events

As of 23:32 UTC

• 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
• 2026-08-05 — ISM Services PMI · forecast 54.5 · USD
• 2026-08-05 — Crude Oil Inventories · forecast -1.5M · USD
• 2026-08-05 — FOMC Member Cook Speaks · USD
• 2026-08-05 — President Trump Speaks · USD
• 2026-08-06 — FOMC Member Daly Speaks · USD