Gold news for 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 18:12 UTC

How the day unfolded

1. 05:00 UTC

   Gold prices have climbed to multi-year highs as weaker-than-expected US payrolls data and dovish Federal Reserve expectations weigh on the dollar and Treasury yields, making the metal more attractive. Additional support comes from renewed central bank buying, with China's gold reserves rising at the fastest pace since October 2023, and a significant inflow of $1.2 billion into Chinese gold ETFs.

2. 06:12 UTC

   Gold is trading near its highest level since June, supported by expectations that the Federal Reserve will ease policy after a weak US jobs report, which has weighed on the dollar and Treasury yields. Additionally, China's central bank increased its gold reserves and Chinese investors poured $1.2 billion into gold ETFs, adding further support to the metal.

Headlines (11)

• Gold Price Forecast: XAU/USD bulls target $4,380 buoyed by lower US yields
  www.fxstreet.com · Aug 6, 10:37 UTC
• Gold price hits highest level since June on weak payrolls data and Hormuz deal hopes
  www.cnbc.com · Aug 6, 11:02 UTC
• Why is Gold surging toward $4,300 as the US Dollar and Treasury yields ease?
  www.fxstreet.com · Aug 6, 14:55 UTC
• Chinese investors pour $1.2bn into gold ETFs in longest streak since March
  investinglive.com · Aug 7, 01:43 UTC
• Gold stays supported amid Middle East de-escalation, but the US CPI could erase the gains
  investinglive.com · Aug 7, 08:27 UTC
• China's gold reserves rise by most since October 2023 as buying pace quickens
  www.miningweekly.com · Aug 7, 09:19 UTC
• Gold Gains as Dovish Fed Expectations Pressure DXY and Treasury Yields
  www.investing.com · Aug 7, 13:35 UTC
• Gold, silver prices surge as US economy sheds 23,000 jobs
  www.mining.com · Aug 7, 14:16 UTC
• Bitcoin Trailed a $2.7 Trillion Gold and Silver Rally: Is the Yen to Blame?
  beincrypto.com · Aug 7, 16:24 UTC
• Gold miners surge more than 20% in breakout week
  www.mining.com · Aug 7, 18:04 UTC
• Gold Rally Shows How Fast Fed Repricing Can Reset Bullion Demand
  www.investing.com · Aug 7, 18:16 UTC

Scheduled events

As of 21:12 UTC

• 2026-08-08 — FOMC Member Bowman Speaks · USD
• 2026-08-10 — Cleveland Fed Inflation Expectations · USD
• 2026-08-11 — NFIB Small Business Index · forecast 97.8 · USD
• 2026-08-11 — Existing Home Sales · forecast 4.05M · USD
• 2026-08-11 — 10-y Bond Auction · USD
• 2026-08-11 — API Weekly Statistical Bulletin · USD
• 2026-08-11 — ADP Weekly Employment Change · USD
• 2026-08-12 — Core CPI y/y · forecast 2.5% · USD