Gold Price Today 10.8: Continues High, Unexpected Forecast

Khương Duy |

Today's Gold Price 10.8 continues to rise in both the domestic and global markets. The majority of experts predict that gold will remain stable or increase in the coming week.

Price of SJC Gold Bars

At 9h, the price of SJC gold bars is listed by DOJI Group at 76.5-78.5 million VND per unit (buying price - selling price). Compared to the previous trading session, the price of gold at DOJI remains unchanged.

The price difference between buying and selling SJC gold at DOJI is 2 million VND per unit. This price difference is quite high, posing a risk of loss for investors.

Price movement of SJC gold in the country. Data recorded at DOJI. Chart: Linh Trang
Price movement of SJC gold in the country. Data recorded at DOJI. Chart: Linh Trang

Meanwhile, SJC Gold Sài Gòn Company lists the price of SJC gold at 76.5-78.5 million VND per unit (buying price - selling price). Compared to the start of the trading session, the price of gold at SJC Gold Sài Gòn Company decreased by 500,000 VND per unit.

The price difference between buying and selling SJC gold at SJC Gold Sài Gòn Company is also 2 million VND per unit.

Price of 9999 Gold Rings

As of 9h, the price of 9999 gold rings at Hưng Thịnh Vượng at DOJI Group is listed at 76.35-77.60 million VND per unit (buying price - selling price); increasing by 50,000 VND per unit for buying price and increasing by 100,000 VND per unit for selling price.

Sài Gòn Gold Company lists the price of 9999 gold rings at 76.25-77.7 million VND per unit (buying price - selling price); increasing by 100,000 VND per unit for buying price and increasing by 200,000 VND per unit for selling price.

Bảo Tín Minh Châu lists the price of 9999 gold rings at 76.38-77.58 million VND per unit (buying price - selling price); increasing by 100,000 VND per unit compared to the start of the trading session.

In recent sessions, the price of 9999 gold rings has often fluctuated in the same direction as the global market. Investors can refer to the global market and expert opinions before making investment decisions.

Global Gold Price

As of 9h45, the global gold price listed on Kitco is at 2,430.7 USD per ounce; increasing by 5.9 USD per ounce compared to the start of the trading session yesterday.

Global gold price has been fluctuating in recent sessions. Chart: Linh Trang
Global gold price has been fluctuating in recent sessions. Chart: Linh Trang

Gold Price Forecast

The global gold price has increased when the US Dollar Index remains stable. At 9h on August 10, the US Dollar Index, which measures the fluctuation of the US dollar against 6 major currencies, is at 102.970 points (decreasing by 0.05%).

The latest weekly survey of Kitco News shows that most experts in the industry predict that the price will remain stable next week. Meanwhile, most investors expect the precious metal to increase.

10 analysts participated in the gold price survey of Kitco News. Most experts predict that gold will remain stable next week. Six experts (equivalent to 60%) predict that the gold price will remain stable, while 40% of the remaining experts predict that gold will increase next week. No one predicts that the price of the precious metal will decrease.

Gold price forecast for next week. Source: Kitco
Gold price forecast for next week. Source: Kitco

Meanwhile, 210 online votes were cast in the Kitco survey. Most Main Street investors still hold a positive view. 130 retail traders expect the gold price to increase next week. 45 others predict that the gold price will decrease. Meanwhile, 35 others predict that the gold price will remain stable next week.

The key economic data for next week includes the release of the US PPI for July on Monday, followed by the US CPI for July on Tuesday, US retail sales for July, and US weekly unemployment claims on Wednesday, and US housing starts and building permits for July on Thursday...Currently, attention is focused on the prospect of a rate cut in September from the FED.

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Cập nhật giá vàng sáng 10.8: Chốt tuần biến động, chờ dữ liệu mới ### Output: Update Gold Price on August 10: Week's Fluctuation Settled, Awaiting New Data

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Gold Price Today 9.8: Should We Buy?

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Today's Gold Price 9.8: Increases in both the domestic and global markets. The precious metal has fluctuated significantly in recent sessions.