gold

The non-farm data is a significant positive, gold prices challenge the 4,380 mark, and the last hope for bears has not yet been shattered.

According to TechFundingNews, AI infrastructure company Nscale is preparing for an IPO in the U.S., which could start as early as September this year. The company has disclosed to potential investors that its cumulative contracted revenue has reached approximately $51 billion. Currently, Goldman Sachs and JPMorgan Chase are serving as advisory firms for Nscale's potential IPO, but discussions are still ongoing, and the listing date may be delayed.Nscale is a company spun off from the cryptocurrency mining company Arkon Energy, primarily focusing on AI data centers, GPU computing power, and energy infrastructure. In July of this year, it announced the acquisition of distributed AI software company Anyscale for approximately $1.65 billion, with clients including Coinbase, Runway, and Bedrock Robotics. Previously, it was reported that AI infrastructure Nscale completed a $2 billion Series C financing round, achieving a valuation of $14.6 billion, led by Aker ASA and 8090 Industries, with participation from NVIDIA, Lenovo, and Nokia.

CryptoQuant founder Ki Young Ju posted that the correlation between Bitcoin and gold has returned to the levels of the digital gold era.

According to Gate data, the intraday increase in spot gold has expanded to 3%, reported at $4368.18 per ounce, the highest level since June 17. The U.S. non-farm payrolls for July decreased by 23,000, while the market estimated an increase of 80,000, with the previous value being an increase of 57,000.

According to Gate market data, the Shanghai Gold Exchange gold T+D rose 0.72% in the evening session on August 7, reporting 930.59 yuan/gram; silver T+D rose 2.44% on the same day, reporting 15,517 yuan/kilogram.

According to Cointelegraph, Tether added 14 tons of gold in Q2 2026, bringing its total holdings to a record 146 tons, valued at approximately $18.8 billion, making it the largest known private holder of gold outside of central banks and governments.

The Hong Kong stock market has seen significant increases in certain individual stocks, with gold, technology, and construction-related targets attracting market attention. According to the Gate platform's Hong Kong stock market data, Upgraded Gold (01939) has risen by 40.54% in 24 hours, currently reported at HK$0.52; Guangli Technology (06036) has increased by 28.03%, currently reported at HK$1.69; Sanhe Construction Group (03822) has risen by 22.68%, currently reported at HK$1.19.

According to crypto analyst alicharts, based on Ethereum's nearly 6-year historical trend, ETH tends to gain support after regaining the MVRV 0.8 price level, pushing towards the realized price (approximately $2300). Additionally, this signal is consistent with the previous four MVRV momentum golden crosses, which brought increases of 50% - 166%.alicharts believes that $3000 should be regarded as a key resistance area, due to over 10 million ETH historical transaction records.

On August 6, according to WEEX TradFi market data, the precious metals sector continued to strengthen after yesterday, with funds reallocating around safe-haven demand. Among them, GOLD (PAXG) rose over 4.88% in 24 hours, SILVER (XAG) rose over 4.71% in 24 hours, and PLATINUM (XPT) rose over 2.30% in 24 hours, with gold, silver, and platinum all warming up simultaneously. WEEX Labs believes that this round of increase is mainly driven by repair trading after the pullback, as the market weighs geopolitical risks, changes in the dollar, and U.S. Treasury yields, with gold's safe-haven and diversification attributes gaining attention. The WEEX TradFi trading carnival season is underway, with zero slippage protection, first order compensation, and newcomers receiving 200 USDT.

According to Gate market data, spot gold has broken through the $4,300/ounce mark for the first time since June 18, with a cumulative increase of $250 this week and a daily increase of over 1%.

According to Gate market data, the Ministry of Commerce has taken countermeasures against U.S. compliance testing companies and strengthened export controls on dual-use items related to drones. At the same time, spot gold and silver both rose over 4%, with gold briefly rising above $4,260.Federal Reserve official Kashkari stated that now is the time to gradually raise interest rates, but does not advocate for a significant rate hike. Regarding the situation in the Middle East, Iran and Oman are close to reaching a Strait agreement, with the new shipping route expected to be usable for 2 to 4 months.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average up 0.33%, the S&P 500 index up 0.56%, and the Nasdaq Composite up 0.39%. SpaceX's stock price fell 10.5% due to concerns in the market triggered by its surge in artificial intelligence spending.AMD's stock price dropped 7% due to poor performance and outlook for the second quarter. Shopify's stock price rose 20%. Gold briefly surpassed $4,200, with Harmony Gold up 7.5% and Kinross Gold up 8.3%. Storage concept stocks fell slightly.

BIT released a market analysis stating that, from a technical perspective, gold may be in a bottoming phase. The report also pointed out that its views differ from the current market consensus: although the bond market is still factoring in expectations of two rate hikes by the Federal Reserve this year, it judges that there may not be any rate hikes this year.

According to Gate market data, as gold prices approach a one-month high, U.S. gold mining stocks generally rose in pre-market trading. Newmont Corporation (NEM.N) rose by 3.5%, Gold Fields Limited (GFI.N) rose by 5.4%, and Harmony Gold Mining Company Limited (HMY.N) rose by 4.6%. The SPDR Gold ETF increased by 2.1%.

Bitget CFD Chief Analyst Lewis Huang pointed out in a live broadcast that this week's market focus has shifted from tech stock earnings reports back to U.S. employment data and Fed policy expectations.The key to this non-farm report is not just the number of new jobs added, but whether the unemployment rate, average hourly wage, and previous values' revisions collectively indicate a "orderly cooling" or "significant slowdown" in the labor market.Lewis Huang stated that if non-farm employment and wage data are both stronger than expected, the market will lower short-term rate cut bets, U.S. Treasury yields and the dollar are expected to strengthen, while gold and high-valuation tech stocks will face pressure; conversely, if employment, wages, and previous values' revisions all weaken, the market will raise expectations for Fed easing, and gold and non-U.S. currencies may receive support.He advised CFD traders to avoid chasing orders in the first minute after data is released, and to focus on observing whether the U.S. two-year Treasury yield, the dollar index, and gold form a synchronized confirmation, and to wait for a pullback opportunity after a key price level breakout. The current trading focus is not simply betting on the data's highs and lows, but rather judging how the non-farm report will change the market's pricing of the Fed's policy path.