The Zhitong Finance App learned that on Friday (August 7), international gold prices rose more than 1%, and this week is expected to record the biggest weekly increase since January this year. The driving factor is that market expectations of the Federal Reserve's interest rate hike have cooled down, while inflation concerns related to the US-Iran peace agreement have been mitigated. Meanwhile, investors are waiting for the US non-farm payrolls data for July to be released. At the same time, analysts said that a “breakthrough in silver's technical cup handle” is also expected to ignite hopes for a bull market.

The Zhitong Finance App learned that on Friday (August 7), international gold prices rose more than 1%, and this week is expected to record the biggest weekly increase since January this year. The driving factor is that market expectations of the Federal Reserve's interest rate hike have cooled down, while inflation concerns related to the US-Iran peace agreement have been mitigated. Meanwhile, investors are waiting for the US non-farm payrolls data for July to be released. At the same time, analysts said that a “breakthrough in silver's technical cup handle” is also expected to ignite hopes for a bull market.