Gold price today August 22: Weakens as investors wait for interest rate signal from Fed

Giá vàng hôm nay 22-8: Suy yếu khi nhà đầu tư chờ tín hiệu lãi suất từ Fed - Ảnh 1. — Gold price today goes down

As of 6:00 a.m. on August 22 (Vietnam time), the price of gold today on the international market was trading at 3,339 USD/ounce, down 6 USD compared to the highest level in the trading session last night (3,345 USD/ounce). The price of gold for December delivery also decreased by 3.5 USD, down to 3,385 USD/ounce.

The weakness in gold prices is said to be due to cautious market sentiment ahead of the US Federal Reserve's (Fed) monetary policy symposium.

Investors are waiting for clearer signals from the Fed on the direction of interest rate policy in the coming time, especially the important speech of Fed Chairman - Mr. Jerome Powell will provide more insight into the Fed's views on the possibility of cutting interest rates in September.

The gold market is currently heavily influenced by macro factors, including the Fed's monetary policy and global inflation developments.

With the prevailing cautious sentiment, gold prices may continue to fluctuate in the short term, especially as investors await specific signals from Chairman Powell’s speech. If the Fed sends a clear signal about cutting interest rates in September, the world gold price will have many unexpected developments.

In Vietnam, at the end of August 21, SJC gold was sold at 125.8 million VND/tael, while ring gold was at 119.8 million VND/tael.