Metals & Macro Liquidity

Spot gold broke above $4,300 per ounce today (August 7), gaining 1.41% intraday.

According to Jin10, China's central bank increased gold reserves to 76.08 million ounces in July, up 0.64 million ounces from 75.44 million ounces in June. This marks the 21st consecutive month of gold purchases by the People's Bank of China.

According to Jin10, Shanghai gold spot price closed at 932.83 yuan per gram on Friday, August 7, trading 3.43 yuan higher than the international gold price of 929.4 yuan per gram.

According to BlockBeats, UBS forecasted on August 7 that gold prices will reach $5,000 per ounce in the first half of 2027.

According to Jin10, gold prices are on track for their best weekly performance since January, supported by weaker oil prices. Investors are awaiting the U.S. nonfarm payroll report due tonight to gauge interest rate prospects. Matt Simpson, senior analyst at StoneX, noted that improved peace

Shanghai silver futures main contract surged more than 2% during intraday trading today, now trading at 15,524 yuan per kilogram.

According to Guru Club, spot silver rose 3% on August 7, trading at $63.37 per ounce. The intraday surge extends silver's recent upward momentum in commodity markets.

Spot gold hit $4,280 per ounce intraday on August 7, up 0.94%. Spot silver gained 2.00%, trading at $62.76 per ounce.

China's gold-related A-share stocks rallied in afternoon trading on August 7, with Zhaojin Gold hitting the daily limit up. Shengda Resources, Yuguang Gold and Lead, Xingye Silver Tin, China Gold International, and Hunan Silver also

According to a Reuters and Wall Street Journal survey, U.S. nonfarm payrolls for July are expected to increase by 80,000 to 83,000, with unemployment holding steady at 4.2%, according to Jin10 Futures. Multiple analysts view Friday's report as a potential turning point for the recent precious

According to Jin10, on August 7, domestic gold jewelry prices fell approximately 11 yuan per gram compared to the previous day. Major domestic brands' solid gold jewelry products are now trading at 1,281–1,286 yuan per gram.

UBS Asset Management forecasted gold prices will approach $5,000 per ounce by the first half of next year, driven by falling US real interest rates. The asset manager stated multiple solid factors will drive gold prices higher over the medium to long term, despite potential short-term volatility.

According to UBS Asset Management on August 6, the company forecasts gold prices will approach $5,000 per ounce by the first half of 2027, driven by declining U.S. real interest rates. UBS predicted the Federal Reserve will hold rates steady this year before cutting next year as inflation

U.S. nonfarm payroll employment data is set to be released tonight (August 7), with significant disagreement among Wall Street forecasters on the outcome. According to Gain Capital's Market Sentiment Gauge, spot gold shows a 54%-46% split between bulls and bears, while spot silver sees bullish

Cointelegraph reported on August 7 that Tether, the world’s largest stablecoin issuer, purchased an additional 14 tons of gold in Q2 2026, bringing its total gold holdings to a record 146 tons, currently worth approximately $18.8 billion. This makes Tether the largest known private gold holder outside central banks and governments. Tether’s Gold Holdings Accumulation According to Cointelegraph, Tether’s gold holdings grew rapidly. From Q3 2025 through Q1 2026, Tether purchased 53 tons of gold, f

The Rich Dad Poor Dad author Robert Kiyosaki listed four favored assets—gold, silver, Bitcoin, and Ethereum—in a FinanceBuzz report on Aug. 6, arguing that relying on cash savings may leave people behind the times. Kiyosaki’s argument is based on the fact that, according to U.S. Treasury data, U.S. government debt stood at approximately $39.7 trillion at the end of July. He believes the government is heading toward a currency crisis by printing money. Kiyosaki’s Specific Holdings and Price Targe

According to Jin10, Shanghai gold traded at 925.22 yuan per gram during Friday morning (August 7) trading, outperforming the international gold price of 923.72 yuan per gram by 1.50 yuan.

According to Guru Club, spot silver rose 1% during intraday trading on August 7, reaching $62.14 per ounce.

On August 7, 2026, Beijing time, financial markets are simultaneously at the intersection of two major variables. The first variable comes from the U.S. labor market. The July NFP employment data due to be released tonight, Beijing time, is widely regarded by the market as a key basis for assessing the Federal Reserve’s next policy path—whether the U.S. economy is continuing to cool, whether the Fed has room to cut rates, and whether dollar liquidity will improve will all be reflected in the dat