Gold price today 9-22: Increase again

Last night, the world gold price climbed from 1,920 USD to 1,928 USD/ounce.

Gold prices today tried to recover despite the strengthening of the US dollar and the sharp increase in US bond yields. US Federal Reserve (FED) policymakers hinted at a quarter-point interest rate hike that would push interest rates to 5.5%-5.75%.

Analysts say the FED keeping interest rates high at above 5% in 2024 will help reduce inflation sharply.

In response to the above information, the international stock market continued to react negatively last night. Indexes in the US and Europe have not stopped falling. This has prompted many investors to seek gold to preserve capital.

Accordingly, the world gold price at one point climbed from 1,920 USD to 1,928 USD/ounce. After that, the gold price today fluctuated slightly and by early September 23, it closed the weekend trading session at 1,925 USD/ounce.

In Vietnam, SJC gold price on September 22 decreased by 100,000 VND/tael, closing at 69.05 million VND/tael at the end of the day.

Thy Tho - Photo: Tan Thanh - Graphics: Chi Phan

Source: https://nld.com.vn/kinh-te/gia-vang-hom-nay-23-9-tang-tro-lai-20230923063457073.htm