New Zealand reports four confirmed cases in one family, with the source of the infection in said cases unknown
If anything else, this will just mean that NZ will surely keep international borders closed for longer. And that will limit the economic recovery in general considering how heavily the country relies on its tourism sector to

One connection to get straight – 
Falling real yields lead to higher gold prices – 
So, the recent fall in gold prices have been led by, yes you guessed it – rising yields. Check out the real yields for timing this gold bull market: 

Hungry for gold news?  
 
Last week I made one comment that submitted to one media outlet on gold prices. The take up was telling.
The below was the amount of publications it occurred in and the approximate circulation. 

Large option at 1.1800 lets EURUSD slide
– Post-links Paragraph Text Here, don’t forget an image.
Other markets 
A session for the USD and not much else

Via Ransquawk

Via Reuters
One for the fact box. 
Gold etf’s so popular they now surpass Germany’s official reserve levels. 
All together now, on behalf of Germany, 

Forex news for North American trading on August 7, 2020:
Markets:
– Gold down $32 to $2031
– WTI crude down 43-cents to $42.52
– US 10-year yields up 2.8 bps to 0.564%
The July non-farm  payrolls report was better than expected, even with you adjusted for some  seasonal quirks. The data led to a round of US dollar gains

Weekly FX speculative positioning data from the CFTC.
– EUR long 180K vs 157K long last week. Longs increased by 23K
– GBP short 15K vs 25K short last week. Shorts trimmed by 10K

NASDAQ 7-day win streak broken today
A look at the final numbers shows:
The Dow had his best week since June 5.. The S&P index at its best week since July 2.

Comments from Mnuchin
Reports say they’re something like $1 trillion apart on state/local funds. It’s a bit puzzling why Republican governors are so against this money. Instead, they’re going to have to drastically reduce services and cut workers. I don’t know in which world that’s a popular move. Or maybe that’s where the White House will