Why Are Gold and Silver Up Today, 8/7/26?

TipRanksAug 8 02:52

Surprise! U.S. nonfarm payrolls unexpectedly declined by 23,000 in July, with previous two months' figures revised down by a total of 103,000, dampening expectations for further rate hikes.

Expected to rise by 80,000 but plunged by 23,000 instead! The latest U.S. nonfarm payroll data unexpectedly cooled significantly—has a September rate hike become nothing more than wishful thinking?

wallstreetcnAug 7 21:04

Express News | US Jul. Non-Farm Payrolls -23000 Vs +80000 Forecast, Prior +20000; US Jul. Unemployment Rate 4.1% Vs 4.2% Forecast, Prior 4.2%

BreakingsAug 7 20:30

Silver surged 8.3% in a single week, with Goldman Sachs warning that systemic short-covering may have already begun.

A rally in precious metals triggered by a weakening U.S. dollar is cornering silver short sellers.

wallstreetcnAug 7 11:10

Cailian Press C50 Sentiment Index Survey: New RMB loans in July may show negative growth, while both PPI and CPI could decline year-on-year.

① New RMB loans in July may turn negative, with the market median forecast at -RMB 0.51 trillion; ② Newly added total social financing (TSF) in July is expected to rise year-on-year, with the market median forecast at RMB 1.16 trillion; ③ The year-on-year growth rate of M1 in July may remain unchanged from the previous month, while M2 growth is projected to decline slightly; ④ The year-on-year increase in the Producer Price Index (PPI) in July may ease, and the Consumer Price Index (CPI) recovery is expected to slow.

cls.cnAug 7 10:34

The U.S. nonfarm payrolls report is set for release tonight at 20:30! Could weak data fuel rising expectations of a Federal Reserve rate cut?

The U.S. nonfarm payrolls report for July will be released this Friday, with markets expecting an increase of 83,000 jobs and the unemployment rate holding steady at 4.2%. ② Recent leading indicators have been weak, and multiple institutions anticipate that July’s nonfarm payrolls will fall short of expectations; the current pattern of “low hiring, low layoffs” is significantly impacting young job seekers. ③ If labor market weakness persists, the Federal Reserve’s policy trade-off calculus could shift later this year.

cls.cnAug 7 08:57