As of 9:00 AM on August 8, 2026, gold prices in Vietnam have experienced a notable increase. The SJC gold, as listed by Phu Quy Gold and Gemstone Group, is priced between 141-144 million VND per tael for buying and selling, marking an increase of 1.8 million VND for both buying and selling prices. The buy-sell margin stands at 3 million VND per tael.

Similarly, DOJI Group has set its SJC gold prices at the same range of 141-144 million VND per tael, also reflecting a rise of 1.8 million VND. Meanwhile, Bao Tin Minh Chau has listed SJC gold at 141.5-145.5 million VND per tael, with a 1 million VND increase for both buying and selling prices, and a wider margin of 4 million VND.

In addition to SJC gold, the prices for 9999 gold rings have also surged. Phu Quy Gold and Gemstone Group reports prices between 141-144 million VND per tael, with an increase of 1.8 million VND, while DOJI lists its prices at 141.2-145.2 million VND per tael, up by 1.7 million VND. Bao Tin Minh Chau's prices for gold rings are similar, reflecting a 1 million VND increase.

On the global front, gold is trading around 4,341.3 USD per ounce, which is an increase of 84.2 USD per ounce. This rise is attributed to recent data indicating a significant weakening in the U.S. labor market, which may influence the Federal Reserve's monetary policy stance.

The July jobs report revealed that the U.S. economy lost 23,000 jobs, contrary to expectations for an increase of 85,000 jobs. Additionally, wage growth appears to be slowing, with average hourly earnings showing only a slight increase. Although the unemployment rate has decreased from 4.2% to 4.1%, this has not alleviated concerns regarding the labor market's health.

In response to the jobs report, the yield on 10-year U.S. Treasury bonds has dropped to around 4.6%, putting pressure on the U.S. dollar. This environment is favorable for gold, as lower yields reduce the opportunity cost of holding non-yielding assets like gold.

Market expectations for the Federal Reserve's interest rate hikes have also diminished, particularly ahead of the September meeting. If subsequent economic data continues to indicate a slowdown, the pressure to raise rates may further decrease, supporting gold prices.

However, the upward trend in gold prices may face volatility. Investors are awaiting the U.S. Consumer Price Index (CPI) report. If inflation exceeds expectations, the Fed may revert to a tighter monetary policy, putting pressure on gold prices.

Geopolitical tensions, particularly concerning the Strait of Hormuz and U.S.-Iran relations, remain significant variables. Prolonged geopolitical risks could bolster demand for safe-haven assets, although rising oil prices may heighten inflation concerns.

Technically, the resistance level for gold is currently between 4,372-4,450 USD per ounce. If prices can maintain above this range, they may target 4,500 USD per ounce. Conversely, support is seen around 4,229 USD per ounce, with further support near 4,120 USD.

Note: The gold price data is compared to the previous day. The information provided reflects market conditions at the time of reporting and is not intended as investment advice. Investors should carefully consider their financial capacity, personal goals, and related risks before making any decisions regarding gold purchases or sales.