At 6:00 a.m. on August 24, Vietnam time, the price of gold today on the international market closed the trading week at 2,513 USD/ounce, up about 20 USD/ounce compared to the previous session. This is also the highest price of gold in the past week.
During the session last night and early this morning on the world market, the price of gold continuously fluctuated when at one point it dropped to only 2,470 USD/ounce and then increased sharply to 2,520 USD/ounce, with a very strong fluctuation amplitude of nearly 50 USD/ounce (about 1.5 million VND/tael).
The focus of gold prices today is the speech of the Chairman of the US Federal Reserve (FED), Mr. Jerome Powell, sharing about the future direction of US interest rates. According to analysts, the FED leader's statements show that this agency "is time to adjust policy" to support a stronger labor market. Inflation is controlled by the US to reach the set target.
Gold prices today increased sharply in the international market
The above information helps investors expect that the FED will be ready to cut interest rates for the first time in September, with the first cut being 0.25%. Some even predict that the FED may cut interest rates more, up to 0.5% for the first time... Gold prices have jumped back above 2,500 USD/ounce and closed at a very high level.
US stock indexes such as Dow Jones, Nasdaq, S&P 500 also increased from 1.15% to 1.4% in last night's trading session.
In contrast, the USD index (DXY) continued its downward trend, falling to 100.68 points, down 0.82% compared to the previous session. Over the past 5 days, the DXY index has lost about 1.74%.
Currently, the world gold price converted according to the listed exchange rate is about 76.2 million VND/tael.
While the world gold price fluctuates rapidly, the domestic gold price remains stable. In Vietnam, as of 6am this morning, the price of SJC gold bars listed by businesses was VND79 million/tael for buying and VND81 million/tael for selling. The price of 24K gold rings and jewelry of all kinds was also stable at around VND77 million/tael for buying and VND78.3 million/tael for selling.
Gold prices today in the domestic market continue to be stable
Source: https://nld.com.vn/gia-vang-hom-nay-24-8-chot-tuan-day-song-196240824065739243.htm
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