---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43267485.md"
description: "Spot gold rose to $4,152 per ounce, marking three consecutive days of gains; WTI crude oil jumped intraday. Both resource-side lines were ignited simultaneously, with stocks following closely: Occidental Petroleum and $United States Oil Fund LP(USO.US) both rose by 3-4%, Lingbao Gold gained nearly 5%, while $EFUND GOLD MI ETF(02824.HK) and Newmont Mining followed suit. Notably, the US dollar did not cooperate—the DXY closed at 99.76 with a slight increase, while copper prices rose only 0.11%, essentially staying flat. The combination of rising gold and oil alongside stagnant copper and a non-weak dollar does not resemble standard reflation trades; it is closer to safe-haven funds and energy supply-side factors pricing independently: gold is buying uncertainty, while crude oil is buying the current supply-demand gap. The Dow Jones hit a new high, while the Nasdaq fell 0.47%, with clear signs of capital shifting from growth sectors to resource sectors. How far this rotation can go depends on whether the next CPI data will push the US dollar back up."
datetime: "2026-08-07T09:47:21.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43267485.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43267485.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43267485.md)
author: "[Chalri喵M](https://longbridge.com/en/profiles/27346596.md)"
---

# Spot gold rose to $4,152 per ounce, marking three …


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