{"id":435594,"date":"2026-08-06T20:00:18","date_gmt":"2026-08-06T13:00:18","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-dollar-steadies-gold-stays-poised-but-off-early-highs-435594\/"},"modified":"2026-08-06T20:00:18","modified_gmt":"2026-08-06T13:00:18","slug":"investinglive-european-markets-wrap-dollar-steadies-gold-stays-poised-but-off-early-highs","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-dollar-steadies-gold-stays-poised-but-off-early-highs-435594\/","title":{"rendered":"investingLive European markets wrap: Dollar steadies, gold stays poised but off early highs"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-sees-early-gains-ease-but-buyers-stay-in-a-good-spot-in-second-half-of-the-week\" rel=\"follow\">Gold sees early gains ease but buyers stay in a good spot in second half of the week<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/equities-take-a-step-back-as-investors-can-t-shake-off-ai-spending-concerns\" rel=\"follow\">Equities take a step back as investors can&#8217;t shake off AI spending concerns<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/s-p-500-soars-to-record-highs-as-geopolitical-risks-ease-focus-shifts-to-us-cpi-data\" rel=\"follow\">S&amp;P 500 soars to record highs as geopolitical risks ease; focus shifts to US CPI data<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/the-dollar-s-next-move-hinges-on-inflation-while-the-yen-waits-for-the-boj\" rel=\"follow\">The dollar&#8217;s next move hinges on inflation, while the yen waits for the BoJ<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-based-employers-announce-fewest-job-cuts-in-two-years-in-july\" rel=\"follow\">US-based employers announce fewest job cuts in two years in July<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-july-construction-pmi-42-1-vs-44-8-prior\" rel=\"follow\">German construction activity continues to struggle at the start of Q3<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/uk-july-construction-pmi-vs-40-0-expected\" rel=\"follow\">UK construction slump eases in July amid rebound in client demand<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude oil up 0.8% to $75.80<\/li>\n<li>USD leads, CHF lags on the day<\/li>\n<li>Gold up 0.2% to $4,255<\/li>\n<li>S&amp;P 500 futures up 0.1%, Nasdaq futures down 0.4%<\/li>\n<li>US 10-year yields up 2.6 bps to 4.64%<\/li>\n<li>Bitcoin down 0.3% to $64,565<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It was a session where markets are taking a bit of a breather in not really chasing any moves too much.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The jump higher in gold and tech selloff yesterday is still reverberating, and market players are gathering their steps again in approaching the second half of the week.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Without any fresh developments on the US-Iran conflict, there wasn&#8217;t much else to work with on the session. As such, the focus and attention now shifts to the US non-farm payrolls tomorrow.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Gold remains in the spotlight after early buying in Asia saw price run to a high of $4,303 before settling to $4,255 now &#8211; still up 0.2% on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Meanwhile, oil prices are also keeping a little higher with WTI crude up 0.8% to $75.80 amid a more cautious mood surrounding the situation in the Middle East.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In other markets, the dollar was not up to much as currency traders continue to be sidelined in trying to figure out their next steps after the USD\/JPY joint intervention. The dollar is keeping steadier today with EUR\/USD down 0.1% to 1.1540 and USD\/JPY up 0.1% to 157.90 currently.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">And following the tech selloff yesterday led by SpaceX, Nasdaq futures are once again down today by 0.4%. Dow futures are once again keeping higher and that is seeing S&amp;P 500 futures hold a slender 0.1% gain ahead of the open. All eyes will be on how tech shares fare next after some heavy bleeding in Asia with the KOSPI closing over 4% lower.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Besides that, 10-year Treasury yields are seen nudging back up a little by 3 bps to 4.64% and that will keep broader markets in check so as to not get all too optimistic in the grand scheme of things.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It&#8217;s on to the US weekly jobless claims next before we move on to a full countdown mode ahead of the non-farm payrolls tomorrow.<\/p>\n<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Gold sees early gains ease but buyers stay in a good spot in second half of the week Equities take a step back as investors can&#8217;t shake off AI spending concerns&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435594","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435594"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435594\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}