August 7, 2026 Gold Price Trends: Pure Gold Down 720,000 Won... International Gold Prices Adjust Amid U.S. Stock Market Weakness
As of August 7, 2026, prices of major items including pure gold in the domestic precious metals market fell slightly overall, while silver prices remained stabl

As of August 7, 2026, prices of major items including pure gold in the domestic precious metals market fell slightly overall, while silver prices remained stable.
- *[Domestic Major Precious Metal Prices]**
- Pure Gold (3.75g): Sell price 720,000 won (down 5,000 won from previous day) / Buy price 846,000 won (down 4,000 won)
- 18K: Sell price 531,000 won (down 4,000 won)
- 14K: Sell price 412,000 won (down 3,000 won)
- Platinum: Sell price 284,000 won (down 3,000 won) / Buy price 340,000 won (down 4,000 won)
- Silver: Sell price 10,850 won / Buy price 11,450 won (unchanged from previous day)
- *U.S. New York Stock Market Falls Across the Board and International Gold Prices Adjust**
- Internationally, as major indices in the U.S. New York stock market fell across the board, international gold prices saw a slight correction as profit-taking selling emerged following the recent surge. While risk-averse sentiment in the stock market supported gold prices, rising international oil prices and uncertainty surrounding the U.S. interest rate path are analyzed to have limited further gains.
- The major indices of the New York stock market, which closed on the morning of August 7 Korean time, are as follows.
- Dow Jones Industrial Average: 53,885.16 (down 463.96 points, 0.85% from previous trading day)
- S&P 500 Index: 7,709.98 (down 13.57 points, 0.18%)
- Nasdaq Composite Index: 26,348.35 (down 15.09 points, 0.06%)
- Russell 2000 Index: 3,001.85 (down 17.34 points, 0.57%)
Major indices that attempted to rise in early trading turned lower as selling volume increased near highs. Despite the stock market showing weakness, gold prices failed to show a clear additional upward trend. As trading continues on the U.S. stock market on the 7th, market attention is focused on how today's session will close ahead of the weekend.
Gold Prices Search for Direction... Key Variables in Focus Previously, gold prices rose to their highest levels in about seven weeks, helped by falling U.S. Treasury yields, a weaker dollar, and changes in the Middle East situation. Spot gold at one point rose to around $4,350 per troy ounce.
If rising oil prices stimulate consumer inflation, the likelihood increases that the U.S. Federal Reserve may maintain higher interest rate levels for longer or consider raising rates. Gold, which does not pay interest, generally sees its relative investment appeal diminish as market interest rates rise. On the other hand, if volatility in the New York stock market expands and U.S. Treasury yields and the dollar's value decline, the possibility of funds moving to gold as a safe asset remains open.
Accordingly, gold prices are expected to search for direction between upward factors such as stock market weakness and geopolitical uncertainty, and downward factors such as oil prices and interest rate burdens. The market is watching U.S. employment data, Treasury yield movements, the dollar's value, and the Middle East situation as key variables for gold prices. In particular, if economic indicators come in weaker than expected, concerns about U.S. tightening may ease, potentially providing renewed upward momentum for gold prices. However, in the opposite case, the possibility of a larger short-term correction cannot be ruled out.
[※ This article is not intended to solicit investment, and all investment decisions and responsibilities lie with the investor.]
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