Summary
- Global gold prices fluctuated sharply with a range of up to $60 per ounce.
- Domestic gold bars remain stable at their highest level in over 10 days.
- The buy-sell spread remains at its lowest level in over 10 days.
Details
On August 2, during the U.S. session, the global gold market experienced significant volatility with a range of up to $60 per ounce. Specifically, around 8 PM yesterday (Vietnam time), global gold prices reached $2,475, just $10 shy of the record high of $2,482 set on July 17. However, following this strong rise, profit-taking pressure emerged, causing gold prices to reverse sharply down to $2,413 before rebounding above $2,440 and currently settling at $2,443 per ounce.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
