Money & Investing

In the past week (from August 1 to August 8), world gold prices increased from 4,041.7 to 4,341.3 USD/ounce, equivalent to an increase of 299.6 USD/ounce (about 7.41%). Photo: Phan Anh

Gold price update at the 8th of August: Bright prospects

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Gold price update closing session August 8: After a week of strong increase, gold prices are receiving positive forecasts from many Wall Street experts.

Gold prices have just experienced a strong week of increase. Photo: Phan Anh

Gold prices increase by nearly 300 USD/ounce, closing the most positive week since the beginning of the year

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After about two months of sideways movement and many times testing the support zone of 4,000 USD/ounce, gold prices have broken through strongly, closing the most positive trading week since the beginning of the year.

World gold prices increased by nearly 300 USD/ounce in a week, equivalent to more than 7%, while domestic gold only increased by a few million VND/tael. Photo: Phan Anh

Domestic gold prices increase slower than world prices, gap between two markets widens sharply

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World gold prices increased by nearly 300 USD/ounce in a week, while domestic gold only increased slightly, sharply narrowing the gap between the two markets.

Preferential savings interest rate for a 6-month term is 9.2%/year. Photo: Tra My

Short-term savings deposit for 6 months receive an interest rate of 9.2%

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Cake by VPBank is currently offering preferential savings interest rates for a 6-month term at 9.2%/year.

Domestic gold prices increased after a week, but the high buying-selling spread still caused buyers at some brands to lose money. Photo: Phan Anh

Gold prices surge after a week, buyers still lose up to 1.2 million VND/tael

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Domestic gold prices increased after a week, but the high buying - selling difference caused buyers to only break even or still lose up to 1.2 million VND/tael.