Markets News

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

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
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