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Gold Price Trends for August 8, 2026: Pure Gold Rises, Platinum and Silver Fall… U.S. Unemployment Rate and Middle East Situation to Determine Direction

According to data compiled by Geumsese.com, domestic pure gold prices rose on August 8, 2026, while platinum and silver closed lower. U.S. economic indicators a

Oseong Kwon
Staff Reporter
4 min read
Gold Price Trends for August 8, 2026: Pure Gold Rises, Platinum and Silver Fall… U.S. Unemployment Rate and Middle East Situation to Determine Direction
CBC News

According to data compiled by Geumsese.com, domestic pure gold prices rose on August 8, 2026, while platinum and silver closed lower. U.S. economic indicators and Middle East developments are drawing attention as key variables that will shape the future direction of prices.

[Major Precious Metal Prices for August 8]Pure Gold (24K·3.75g): Buy price 856,000 won (up 4,000 won from the previous day) / Sell price 730,000 won (up 5,000 won) • 18K Gold: Sell price 538,000 won (up 3,000 won) • 14K Gold: Sell price 418,000 won (up 3,000 won) • Platinum: Buy price 338,000 won (down 5,000 won) / Sell price 282,000 won (down 4,000 won) • Silver: Buy price 11,500 won (down 50 won) / Sell price 11,000 won (down 150 won)

[Future Gold Price Outlook and Key Watch Points] With the U.S. July unemployment rate coming in at 4.1% as announced on August 7 (Korean time), market focus is shifting toward additional economic data set to be released going forward.

In financial markets, geopolitical variables such as Middle East developments, alongside economic indicators, are cited as key watch points. Since international oil prices have a significant impact on inflation and inflation expectations, they are expected to act as a considerable variable for the U.S. Federal Reserve's (Fed) monetary policy outlook.

U.S. President Donald Trump recently mentioned the possibility that the conflict with Iran could be resolved soon, stating that negotiations are showing progress. This has raised expectations that if Middle East tensions ease, volatility in international oil prices could subside to some extent.

However, since oil price and interest rate outlooks, as well as international gold price trends, will be directly affected by whether negotiations actually progress and how geopolitical risks unfold, market attention on related news is expected to persist for the time being.

[※ This article is not intended to solicit investment, and responsibility for investments lies solely with the investor.]

Oseong Kwon
Staff Reporter

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