Gold Heads for Best Week Since January
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- Gold is set for its best week since January as inflation fears ebb, per Reuters.
- Gold prices continued rising on Friday, August 7, 2026, even after the July jobs report missed expectations, according to Yahoo Finance.
- UBS said in a daily note that gold's rally has underlying support, framing the move as more than a passing reaction to inflation data.
Why it matters: Gold's strongest weekly run since January — holding up even after a disappointing July jobs print — gives UBS's view of structural support added weight, while a separate headline flags a growing lack of investor confidence and hints silver could be the next leg of the trade.
