S&P 5007,709.96▼0.2% Nasdaq26,348.35▼0.1% Dow53,885.10▼0.8% Russell 2K3,001.55▼0.6% 10-Yr4.67%+5bp VIX15.15−0.66 WTI$78.07▲3.8% Gold$4,292.00▲1.1% EUR/USD1.152▼0.3% BTC$63,890▼1.5% Nikkei65,101▼1.8%
At close · Fri, Aug 7, 2026
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Home›Commodities›Precious Metals›Gold posts best weekly gain in seven months as buying…

Gold posts best weekly gain in seven months as buying picks up

The rally was fueled by multiple factors, prompting at least one notable investor, Mike Khouw, to add more exposure.

Reported · Written up by our desk · Precious Metals

Gold has recorded its strongest weekly performance in seven months, with CNBC Markets pointing to a mix of drivers behind the move.

The outlet also highlights that Mike Khouw is increasing his purchases, citing several forces contributing to the latest gains.

Latest closeGold $4,292.00 ▲1.1%

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Sources

CNBC MarketsGold just had its best week in 7 months. Here’s why Mike Khouw is buying more
CNBC WorldGold just had its best week in 7 months. Here’s why Mike Khouw is buying more

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