Gold prices jump 7% to log best weekly gain in 8 months. Start of another yellow metal bull run?
- Posted on August 8, 2026
- By Business News Today
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- 1 min read
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Gold prices jump 7% to log best weekly gain in 8 months. Start of another yellow metal bull run?
Gold prices surged 7% this week, marking their strongest weekly gain in eight months as falling crude prices, weak US jobs data and resilient central bank demand boosted the metals appeal. With geopolitical risks and rate-cut hopes providing further support, analysts see potential for gold to resume its long-term bull run.
