📰 Hourly Briefing | 2026-08-08 12:00 CST
Gold plunges 2.37% to $4,341; WTI crude falls 1.32% to $76.35. Kyiv under drone and ballistic missile attack, fuel depot on fire. Deutsche Bank expects US July CPI +0.15% m/m next Wednesday.
📊 Market Overview
| Asset | Last Price | Daily Change | Range |
|---|---|---|---|
| Gold XAUUSD | $4,341.11 | -2.37% ↓ | $4,229.73 - $4,371.77 |
| WTI Crude USOIL | $76.35 | -1.32% ↓ | $75.68 - $77.87 |
⚠️ Weekend data reflects Friday’s close. Gold saw a $140+ intraday swing, dipping to $4,230 before rebounding $110+, but still closed down 2.37%.
🔥 Key News This Hour
1. Ukraine: Kyiv Under Large-Scale Drone and Ballistic Missile Attack
Air raid sirens sounded in Kyiv as the military administration reported drone and ballistic missile threats. A fuel depot in Kyiv caught fire. Odesa and other regions also face drone attack risks. Situation escalating again.
2. Colombia’s New President Announces Enhanced Anti-Drug Crime Measures
New President Delaes普列亚 announced at his inauguration in Cali that the government will soon publish a list of “narco-terrorist organizations” and intensify the crackdown on drug-related crime, pledging to restore national security.
3. Deutsche Bank Previews Next Week’s US CPI
Deutsche Bank’s US economists expect July CPI to come in at +0.15% m/m (vs. -0.42% in June). Core CPI data will also be released on Wednesday, followed by PPI on Thursday. This is the most important macro data release next week.
🧭 Situation Assessment
Gold’s 2.37% single-day plunge with a $140+ range reflects significant safe-haven asset selling pressure, likely tied to pre-weekend profit-taking and reduced liquidity.
WTI crude continues to weaken, down 1.32% to the $76 range, with demand-side concerns persistently pressuring prices.
The large-scale attack on Kyiv indicates the Russia-Ukraine conflict is still escalating, though markets have partially priced in the geopolitical risk premium.
Next week’s CPI is the key variable — Deutsche Bank’s +0.15% m/m forecast represents a notable rebound from June’s -0.42%, and an upside surprise could reinforce the narrative of a slower Fed rate-cut pace.
Gold is oscillating violently in the $4,230-$4,370 range; directional confirmation will likely require next week’s market open.
⏰ Upcoming Key Data
- Aug 12 (Wed): US July CPI — Deutsche Bank expects +0.15% m/m (prior -0.42%)
- Aug 13 (Thu): US July PPI
- Weekend: Markets closed; monitor Russia-Ukraine developments and geopolitical dynamics