Gold prices today, August 9, 2026, rose by nearly $300, the worst phase is over, and the outlook for gold prices is ‘bright’ next week.

The price of 99.99% pure gold rings has even seen a sharper increase than SJC gold bars, rising by 500,000 to 2 million VND per tael depending on the brand. SJC gold rings are trading at 140.5 – 143.5 million VND per tael. Similarly, Bao Tin Minh Chau gold rings are trading at 141.5 – 145.5 million VND per tael. Doji is trading plain gold rings at 141.2 – 145.2 million VND per tael. PNJ lists plain gold rings at 140.0 – 139.0 million VND per tael.

World gold prices rose by nearly $300 in the final trading session of the week.

Gold prices are surging after a series of positive signals from the US labor market. The precious metal rose nearly $300 per ounce last week, surpassing $4,300 per ounce, as weaker-than-expected employment data significantly reduced the likelihood of the Federal Reserve (Fed) continuing to raise interest rates.

According to World and Vietnam News, at the close of trading this week (August 7th), the world gold price closed on the Kitco electronic exchange at $ 4,343.30 per ounce, an increase of $101.40 compared to the previous trading session, equivalent to a 2.39% increase.

The strongest surge in gold prices this week began on Tuesday (August 4th), when the US Department of Labor announced a decline in new job creation in June, indicating signs of a weakening labor market. Gold prices then quickly tested the $4,100/ounce resistance level.

On Wednesday, gold prices surpassed $4,200 per ounce after ADP reported that the US private sector added only 44,000 jobs in July, significantly lower than the approximately 65,000 jobs economists had forecast.

The upward trend accelerated at the end of the week after the US Department of Labor reported that the economy lost 23,000 jobs in July. Prior to that, economists had expected the US labor market to add 85,000 jobs. This marks the second time this year that US jobs have declined.

These data quickly impacted monetary policy expectations. Gold prices surpassed $4,300 per ounce as the market sharply declined in forecasts that the US Federal Reserve (Fed) would continue to raise interest rates.

According to CME’s FedWatch tool, the market probability of the Fed raising interest rates by 25 basis points in September is now less than 50%, down from nearly 60% before the jobs data was released. Higher interest rates typically put pressure on gold because the precious metal does not generate yield. Therefore, as the prospect of a rate hike weakens, the opportunity cost of holding gold decreases, thereby supporting prices.

According to Kitco News ‘ latest gold market survey, both Wall Street analysts and Main Street individual investors are strongly leaning towards a continued rise in gold prices next week.

Market sentiment is currently strongly leaning towards a bullish scenario for gold prices. In Kitco News’ weekly survey of 19 experts, 16 (84%) predicted a rise in gold prices next week. Only 2 (11%) predicted a decline, while 1 (5%) remained neutral.

Individual investors also showed similar sentiment. In an online survey of 241 participants, 166 people, or 68.9%, expected gold prices to rise next week. 37 people, or 15.4%, predicted a price decrease, and 38 people, or 15.8%, held a neutral view.

The above data suggests that the upward momentum in gold prices is being bolstered by both fundamental factors and market sentiment. The sharp market adjustment in expectations regarding Fed interest rates following weak jobs reports could continue to be a key driver for gold prices in the short term.

Adrian Day, president of Adrian Day Asset Management , believes the latest jobs report confirms a significantly weaker US labor market than previous data suggested. He argues that this significantly reduces pressure on the Fed to raise interest rates and provides a foundation for gold prices.

James Stanley, a senior market strategist at Forex.com , also maintains a positive view on gold, suggesting that economic uncertainty could lead the Fed to remain cautious with its monetary policy.

Senior market analyst Darin Newsom at Barchart.com said he has an optimistic view of gold prices next week; however, he also noted that the upside could be limited by inflation data to be released next week, which could pose risks.

Although gold prices are maintaining significantly above the crucial support level of $4,000, he noted that the precious metal is still fluctuating within a wider range below $4,500. He added that uncertainties related to the Fed continue to keep gold prices in limbo, as the market struggles to determine the timing and extent of further monetary tightening.

Gold prices today, August 9, 2026, rose by nearly $300, indicating that the worst is over and a brighter outlook for gold prices next week.

Here are the closing prices of SJC gold bars and 99.99% pure gold rings at major domestic gold trading brands at the end of the week (August 8th) :

Saigon SJC Gold and Precious Metals Company: SJC Gold Bars 140.5 – 144.0 million VND/ounce ; SJC gold rings 140.5 – 143.5 million VND/ounce.

DOJI Group: SJC gold bars 139.2 – 142.2 million VND/ounce ; 9999 pure gold ring (Hung Thinh Vuong) 141.2 – 145.2 million VND/ounce.

PNJ Group: SJC gold bars 140.5 – 144.0 million VND/ounce ; PNJ 999.9 plain round gold ring (Phuc Loc Tai) at the price 138.5 – 142.2 million VND/ounce.

The price of SJC gold bars at Bao Tin Minh Chau is listed as follows: 140.5 – 144.0 million VND/ounce ; price of plain round gold rings in 141.5 – 145.5 million VND/ounce.

Has the biggest drag on gold prices weakened?

The worst seems to be over. After months of pressure, gold prices are poised for a recovery phase as the biggest drag on the precious metal – US real interest rates – may have peaked. If the upward trend in real interest rates ends, pressure on gold prices will significantly decrease, even if the Federal Reserve (Fed) is not in a hurry to cut interest rates.

This view is increasingly supported by many experts. BCA Research suggests that “much of the real interest rate headwinds for gold may already be behind us.” According to Roukaya Ibrahim, Chief Commodity Strategist at BCA Research, gold doesn’t need the Fed to immediately cut interest rates to rebound; what’s important is that real interest rates and the US dollar don’t continue to rise.

Rising real interest rates make gold less attractive because the precious metal does not generate income, thereby increasing the opportunity cost of holding gold. This is also a major reason why gold prices have fallen by about 25% from their peak after expectations of a sharp reversal in US monetary policy.

According to Jefferies, the yield on 10-year US Treasury bonds, a key measure of real interest rates, has risen to around 2.41%, up from 1.94% at the beginning of 2026. Earlier this year, the market expected the Fed to cut interest rates once or twice; now investors are even considering the possibility of the Fed raising rates once or twice.

However, gold prices have shown remarkable resilience. The precious metal continues to hold the psychological threshold of $4,000 per ounce. The World Gold Council (WGC) reported that gold ended July virtually unchanged at $4,027 per ounce, despite rising yields. Notably, gold ETFs in Europe continued to attract capital amid real yields on German bonds reaching a 15-year high.

According to Jefferies, history shows that the impact of real interest rate shocks on gold depends more on whether the upward trend in yields continues, rather than solely on the absolute yield level. If the pressure to increase yields begins to ease, gold could recover.

Meanwhile, long-term supporting factors remain: central banks continue to buy gold, the trend of diversification away from the USD continues, fiscal concerns remain unresolved, and geopolitical instability is still high.

Therefore, the positive outlook for gold doesn’t necessarily require the Fed to urgently ease policy or the US economy to fall into recession. It simply requires that the drag that previously pulled gold prices down doesn’t intensify further. If real interest rates have truly peaked, the factor that once exerted the greatest pressure on gold prices could be shifting from a “drag” to a new driving force supporting the market.