According to CoinMeta, on August 7, 2026, the price of gold continued to rise, with the opening price of December futures at $4,298.30 per ounce, which was in line with the closing price on Thursday. This morning, the price of gold rose to $4,383.10. Economists predict that the July employment report will show an addition of 80,000 new jobs, and a strong employment report could reduce the likelihood of the Federal Reserve raising interest rates next month. At the same time, the lack of substantial peace progress in the Middle East continues to affect energy costs, and concerns about inflation remain prominent as the Federal Reserve prepares for its September meeting. Despite the uncertainty in market forces, the price of gold is currently hovering at levels seen in mid-June.