International gold prices have given back all of their intraday gains. What's the next step?

· The Democratic Republic of Congo has banned the export of copper and cobalt concentrates. This news is bullish for gold and cobalt prices. · TeraFab will be built in Grimes County, Texas; TeraFab aims to produce more than 1 terawatt of computing power annually. This news is positive for Tesla. · Challenger's US layoff report shows that July layoffs plummeted to 33,429, while recruitment plans increased slightly; AI remained the primary reason for layoffs for the fifth consecutive month. This news is positive for the US dollar and the AI computing power sector.

TOPONE Markets Analyst

2026-08-07 08:34:50