🌏3 Events · 6 Funds | Soft Payrolls, Dispersion Within AI Names, Gold and Silver Higher

Covering events from 3 - 7 August 2026. Data timing: US index levels, single stocks and Treasury yields are the 7 August close; commodities and FX are 10 August pre-open quotes. A compilation of publicly available market information.

I. Last Week's Highlights

🔸 Highlight 1: Unexpectedly weak jobs data on 7 August drove a broad Treasury rally

According to Investing.com's forex section, US jobs data released on 7 August showed unexpected job losses, and Treasuries strengthened across the curve that day, with yields falling by as much as around 9 basis points. Reports the same day noted the dollar declined as expectations of a Federal Reserve rate increase eased, marking the dollar's first back-to-back weekly decline since late May. As of the 7 August close, the 10-year Treasury yield stood at 4.66%, the 30-year at 5.21% and the 5-year at 4.362%.

🔸 Highlight 2: AI and technology names diverged in the same session, about 57 percentage points apart

At the 7 August close the Nasdaq stood at 26,690.62 (+1.30%), while performance within the sector varied widely. On the upside: Atlassian +35.31%, Doximity +32.62%, Twilio +24.89%, Microchip +13.89%, Palantir +10.32% and NVIDIA +2.27%. On the downside: nLight −25.56%, The Trade Desk −21.90%, Akamai −6.76%, Seagate −4.71% and CDW −4.34%. Within that single session, the gap between the best performer, Atlassian, and the worst, The Trade Desk, was about 57 percentage points.

🔸 Highlight 3: Gold posted its best week since late January; silver reached USD 64

Investing.com reported on 7 August that gold was set for its best week since late January, attributing this in part to jobs data denting expectations of a Fed rate increase. Market analysis on the same site that day noted gold reached USD 4,432 intraday with a relative strength index of 76, and that silver broke its 200-hour moving average and was overextended. As of the 10 August pre-open, gold was quoted at USD 4,405.40 per ounce (+0.13%) and silver at USD 64.28 (+1.23%).

II. Three Areas in Focus Last Week

The three areas below correspond to the three highlights above. All content is a compilation of publicly available information. Each area lists two related products: one exchange-traded ETF listed on a US or Hong Kong exchange, and one off-exchange mutual fund.

📉 1. Rates and Bonds: the 10-Year Treasury Yield at 4.66%, the 30-Year at 5.21%

Following the 7 August jobs data, Treasuries strengthened across the curve, with yields falling by as much as around 9 basis points. As of the 7 August close, the 10-year Treasury yield stood at 4.66%, the 30-year at 5.21% and the 5-year at 4.362%. The US Dollar Index stood at 99.64 over the same period and posted a second consecutive weekly decline, its first back-to-back fall since late May.

Investing.com published a commentary piece by Stephen Innes on 7 August, on the debt warning the bond market is sending gold.

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🤖 2. AI and Semiconductors: the Nasdaq Closed at 26,690.62 with Wide Dispersion

At the 7 August close, the Nasdaq stood at 26,690.62 (+1.30%), the S&P 500 at 7,757.64 (+0.62%), the Russell 2000 at 3,034.49 (+1.10%) and the VIX at 15.47. Among AI and technology names that session: Atlassian +35.31%, Doximity +32.62%, Twilio +24.89%, Microchip +13.89%, Palantir +10.32% and NVIDIA +2.27%; nLight −25.56%, The Trade Desk −21.90%, Akamai −6.76%, Seagate −4.71% and CDW −4.34%.

Within the period covered by this report, the source pages listed above contained no dated commentary on AI or semiconductor themes.

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🥇 3. Precious Metals: Gold at USD 4,405.40, Silver at USD 64.28

As of the 10 August pre-open, gold was quoted at USD 4,405.40 per ounce (+0.13%) and silver at USD 64.28 (+1.23%). The US Dollar Index stood at 99.64 over the same period. Yahoo Finance's fund performance list (no measurement period stated on the page) showed precious metals products among the leaders: RING +7.79%, GDX +7.11%, PMPSX +10.78%.

Investing.com published a commentary piece by Matt Oliver on 7 August, on demand for gold and silver arising from modern warfare.

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III. Sources

The data and information in this report were compiled from the following publicly available pages:

• Yahoo Finance market data: https://finance.yahoo.com/markets/

• Investing.com stock market news: https://www.investing.com/news/stock-market-news

• Investing.com commodities news: https://www.investing.com/news/commodities-news

• Investing.com forex news: https://www.investing.com/news/forex-news

• Investing.com economy news: https://www.investing.com/news/economy

Third-party commentary and institutional information cited above are drawn from the pages listed above rather than directly from the original publications. US index, single-stock and Treasury yield data are as of the close on 7 August 2026; commodities and FX data are as of the 10 August 2026 pre-open. The exchange-traded ETFs listed in the tables are publicly listed instruments on US and Hong Kong exchanges and are not part of this institution's fund product list; their tickers and listing venues are stated from public information.

This report is a compilation of publicly available market information. The data and third-party views contained herein are for informational purposes only and do not constitute investment advice, an offer or a recommendation. Past fund performance is not indicative of future returns. Investing involves risk.