{"id":435689,"date":"2026-08-07T18:05:05","date_gmt":"2026-08-07T11:05:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-gold-advances-dollar-muted-ahead-of-nfp-435689\/"},"modified":"2026-08-07T18:05:05","modified_gmt":"2026-08-07T11:05:05","slug":"investinglive-european-markets-wrap-gold-advances-dollar-muted-ahead-of-nfp","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-gold-advances-dollar-muted-ahead-of-nfp-435689\/","title":{"rendered":"investingLive European markets wrap: Gold advances, dollar muted ahead of NFP"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/all-eyes-on-the-us-jobs-report-now\" rel=\"follow\">All eyes on the US jobs report now<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/what-is-the-distribution-of-forecasts-for-the-us-nfp\" rel=\"follow\">What is the distribution of forecasts for the US NFP?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-stays-supported-amid-middle-east-de-escalation-but-the-us-cpi-could-erase-the-gains\" rel=\"follow\">Gold stays supported amid Middle East de-escalation, but the US CPI could erase the gains<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-says-a-rate-hike-isn-t-completely-up-to-warsh-it-s-up-to-the-board\" rel=\"follow\">Trump says a rate hike isn&#8217;t completely up to Warsh, it&#8217;s up to the Board<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/how-have-interest-rate-expectations-changed-after-this-week-s-events-1\" rel=\"follow\">How have interest rate expectations changed after this week&#8217;s events?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/china-gold-buying-spree-continues-in-july-as-reserves-climb-for-a-21st-consecutive-month\" rel=\"follow\">China gold buying spree continues in July as reserves climb for a 21st consecutive month<\/a><\/li>\n<\/ul>\n<p>Market update:<\/p>\n<ul>\n<li>Gold up 1.8% to $4,316<\/li>\n<li>WTI crude oil down 0.4% to $76.93<\/li>\n<li>CHF leads, CAD lags on the day<\/li>\n<li>European equities higher; S&amp;P 500 futures up 0.1%<\/li>\n<li>US 10-year yields down 1 bps to 4.66%<\/li>\n<li>Bitcoin up 0.8% to $64,900<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It was a quieter session as market players took a bit of a breather ahead of the US jobs report for July that is to come later.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">US-Iran tensions continue to be a mainstay but in the absence of further developments, traders are not really doing all too much today.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Gold prices continue to run up though, jumping above $4,300 in keeping with the technical breakout from Wednesday. The 100-day moving average at $4,390 will be a key focus point next.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Besides that, there wasn&#8217;t too much else happening. US futures remain more pensive with tech shares hoping to at least recover some poise before the weekend. S&amp;P 500 futures are up 0.1% with Nasdaq futures up 0.4%.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Meanwhile, the dollar wasn&#8217;t up to much as major currencies trade in a relatively narrow range ahead of the main event later today. EUR\/USD is flat at 1.1528 with USD\/JPY down just 0.1% to 158.30 on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In other markets, oil is down slightly in erasing earlier gains with WTI crude lower by 0.4% to $76.93. And looking to bonds, 10-year yields in the US are down just 1 bps to 4.66% for the moment. So, there&#8217;s not too much in it all in all.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It&#8217;s now down to the US jobs report to perhaps give traders something to work with before the weekend break.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: All eyes on the US jobs report now What is the distribution of forecasts for the US NFP? Gold stays supported amid Middle East de-escalation, but the US CPI could erase&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-435689","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435689","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=435689"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435689\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}