Gold heads for best week since January as inflation fears ebb
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- Gold is set for its best week since January, with Reuters attributing the move to ebbing inflation fears
- Gold prices continued climbing on Friday, August 7, 2026, even after the July jobs report missed expectations, per Yahoo Finance
- UBS framed the rally as supported, running a daily note titled 'Gold's rally has support'
Why it matters: Gold rising despite — not because of — a soft July jobs print is the cross-source consensus angle: buyers are reading the miss alongside ebbing inflation fears as a setup that historically rewards the metal, with UBS, Reuters, and CNBC all pointing to the same macro mix.
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