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date
08/02/2026
Total Energy Services Inc.: Intends to use available cash on hand and operating cash flow to fund its capital expenditure plans.
Latest
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Investinglive analyst Adam Button stated that the inability of gold to hold above the $5000 mark this week was disappointing, but compared to silver, gold remains relatively stable. However, the significant volatility cannot be ignored as it has brought about a sense of unease. The most favorable situation for gold in the coming week may be a decrease in volatility, even if it means a slight decrease in price. Unfortunately, the volatility of gold may not dissipate quickly, as it often takes some time to calm down. In the next few days, the market will focus on the potential catalytic effects of the situations in Iran and Ukraine, as well as the latest non-farm payroll report on Wednesday. For bulls, a drop in the U.S. dollar index may provide some encouragement and act as an upward catalyst. It is worth noting that despite a series of margin hikes, gold has remained resilient, reflecting underlying buying support in the market. Ultimately, if gold can consolidate within the $4500-$5000 range for a week (or months), it will be a positive signal. The downside is that gold's traditional seasonal uptrend phase is nearing its end.
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