Money & Investing

Gold prices today continue to fall. Photo: AI

Gold price update at the close of July 8th: Continues to decrease, losing the 4,100 USD/ounce mark

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Gold price update closing session 8. 7: World gold prices continue to fall, officially losing the 4,100 USD/ounce mark after many sideways sessions.

World gold prices fell below the 4,100 USD/ounce mark in the session on July 8 as investors awaited the minutes of the Fed's June meeting and watched the tense developments in the Middle East. Photo: Phan Anh

Gold price reverses and loses more than 2% of momentum, experts expect the upward cycle to return soon

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World gold prices fell more than 2%, below 4,100 USD/ounce as the market waited for the Fed meeting minutes and monitored new tensions in the Middle East.

World gold prices continue to adjust as investors await the minutes of the Fed's June meeting, amid rising US bond yields and oil prices. Photo: Phan Anh

Gold prices continue to fall, the 4,100 USD mark in the spotlight

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World gold prices continued to fall as investors waited for the Fed meeting minutes, while US bond yields and oil prices both increased again.

A bank lists a 10% interest rate for a 12-month term. Photo: Van Trang.

12-month savings interest rate highest up to 10% per year

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12-month term savings interest rates at some banks are having a large difference, the highest level is up to 10%/year.

Hong Kong (China) is promoting the building of a gold price trading ecosystem, aiming to become an important center of the international gold price market. Photo: Phan Anh

Gold prices fluctuate, Hong Kong (China) ambitious to become an international gold trading center

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Hong Kong (China) is piloting a centralized gold payment and clearing system, creating an additional foundation to support the development of the gold market.