Gold trades near $4,250 on August 7 and heads for its strongest week since January as investors await US nonfarm payrolls and monitor oil prices.
USD/JPY rises to 158.40 after reclaiming its 200-day average as traders weigh US payrolls, intervention risk and persistent structural pressure on the yen.
Western Digital stock fell 13% and Sandisk lost nearly 7% on Thursday after cautious guidance shook the AI memory trade despite strong quarterly earnings.
AVGO stock rises as Broadcom’s AI chip revenue accelerates, with OpenAI partnerships and September earnings shaping the next major move.
SpaceX stock jumped 6.14% as 911.5 million insider shares unlocked, with prior selling and heavy short interest helping absorb the supply shock.
Tesla stock fell as the $16.8 billion Terafab plan raised questions over funding, ownership, costs and whether the ambitious chip project can deliver.
Alphabet stock falls as investors assess major AI leadership changes, a $25 billion bond sale, record infrastructure spending and rapid Google Cloud growth.
US nonfarm payrolls are expected to show slower July hiring, while low layoffs, steady unemployment and healthcare gains signal continued resilience.
Iran’s proposed Strait of Hormuz bill would bar US and Israeli ships, as Washington rejects permits, tolls and restrictions on the key oil route.
Gold rises above $4,290 as falling oil prices, a weaker dollar and lower Treasury yields reduce expectations for a September Fed rate hike.
Palantir stock surged 30% after strong Q2 earnings, but PLTR failed at $166 resistance as high valuation and regulatory risks remained in focus this week.
The Nasdaq 100 added $3.5 trillion in market value over four sessions as strong Amazon and Palantir earnings revived demand for AI and chip stocks worldwide.
Oil prices fall as Iran–Oman talks raise hopes of reopening the Strait of Hormuz, while tanker attacks and higher US crude stocks keep markets volatile.
Sandisk earnings call highlights surging AI storage demand, four-year supply commitments, $93.9 billion in contracted revenue and growing customer orders.
Gold price surges $188 to $4,246.79 as weak US jobs data triggers a CTA short squeeze, with NFP and CPI set to test the rally.
Bitcoin trades at $64,451 after gaining 2.40% over five days, as seller exhaustion grows but weak ETF and institutional demand limit its recovery.
USD to JPY exchange rate today rises to 157.7335 as the Yen retains intervention gains ahead of key US jobs data and possible BoJ tightening.
Gold edged higher near $4,085 on August 5 as a softer dollar supported demand, while traders awaited ADP data and Friday’s US payrolls report for Fed clues.
SanDisk stock surged nearly 11% ahead of fiscal Q4 earnings as new HBF and QLC technology strengthened hopes for AI data-centre storage demand.
Silver price approaches $61 as falling oil eases rate concerns, while markets await Hormuz developments and key U.S. employment data.
