Yields on benchmark US 10-year bonds moved higher to roughly 1.3% after the jobs report on Friday, their highest level since July 23. But the jobs report also played a part, because higher yields make gold less attractive. "China's shipments are facing near-term headwinds from the recent spread of the coronavirus Delta variant and global supply-chain disruptions," wrote analysts at Oxford Economics. But, wait: Investors remain concerned about the Delta variant and weaker growth in China. Zuckerberg has in recent weeks been extolling his vision for turning Facebook into a "metaverse company," claiming that he began thinking about the concept in middle school.

Source: CNN August 09, 2021 11:37 UTC