On August 10, gold prices saw a notable decline in both domestic and international markets. As of 9:50 AM, the SJC gold price was listed by Phu Quy Gold and Jewelry Group at 140.5-143.5 million VND per tael for buying and selling, marking a decrease of 500,000 VND across the board. The buying and selling margin stood at 3 million VND per tael.

Similarly, DOJI Group also reported the SJC gold price at the same level, with a reduction of 500,000 VND for both buying and selling. The gold ring price was recorded at 140.5-143.5 million VND per tael by Phu Quy, while DOJI listed it at 140.2-144.2 million VND, reflecting a 1 million VND decrease.

In the global market, gold was priced around 4,321.9 USD per ounce, down by 19.4 USD. Despite the drop, market sentiment remains cautiously optimistic as traders await significant economic data from the U.S., particularly inflation indicators.

The recent report indicated that the U.S. economy lost 23,000 jobs in July, contrary to expectations of a gain of 85,000 jobs. This has led to diminished expectations regarding the Federal Reserve's potential interest rate hikes, which could favor gold prices. Currently, the Fed's target interest rate is set between 3.5% and 3.75% amidst ongoing inflationary pressures.

Market focus this week will be on the U.S. Consumer Price Index (CPI) for July, scheduled for release on August 12. A lower-than-expected CPI could reduce the pressure on the Fed to tighten monetary policy further, potentially benefiting gold prices. Conversely, persistent inflation could reignite expectations for a more aggressive Fed stance, increasing the risk of profit-taking after recent gains.

Analysts remain optimistic, with a recent survey of 19 Wall Street experts showing that 84% anticipate an increase in gold prices this week. However, the 4,400-4,500 USD per ounce range is viewed as a critical resistance area, and significant volatility is expected as economic data is released.

Investors are advised to carefully consider their financial capabilities, personal goals, and associated risks before making any investment decisions regarding gold.