US Gold Prices Soar to Nearly $4,350 as Investors Weigh Soft US Jobs Data
Gold prices in the United States have been steadily rising, reaching $4,347.88 per ounce as of August 10, 2026. This represents a daily gain of $1.11 or 0.03% and a monthly increase of 8.58%. Over the past year, gold has seen a significant rise of 29.98%, making it a strong investment option for those looking to diversify their portfolios.
The spot price of gold is currently at $4,344.54 per ounce, while the indicative US retail price of 24K gold is $142.50 per gram. The broad market context suggests that investors are weighing softer US jobs numbers, interest rate expectations, geopolitical developments, and central bank purchases when considering their investment decisions.
Rising demand for gold in Asia has also been reported, with some recent media outlets highlighting the trend. Additionally, the MCX Gold price rose to ₹1.52 lakh per 10 grams on August 10 due to strong spot demand for gold. The global number provided in supply was $64.699/oz, which is 72.18% higher over a year.