Gold price today July 30: Turning up

On the morning of July 30, the world gold price was listed on Kitco at 3,326 USD/ounce, up 14 USD/ounce compared to early yesterday morning.

• Gold price today July 29: Under pressure from USD, gold declines
• Gold price today July 28: Continue to fall
• How will gold prices fluctuate next week?

Gold prices recovered as initial excitement over a US-EU trade deal began to cool, while investors turned their attention to the US Federal Reserve's policy meeting for further clues on the path of US interest rates.

“ We are seeing a correction in market sentiment after a few trade deals, but there are still hurdles to overcome ,” said senior analyst Ricardo Evangelista from brokerage ActivTrades.

As geopolitical tensions ease, commodity analysts at Commerzbank said gold prices are likely to continue to fluctuate within a certain range until the Fed provides clear guidance on future interest rate cuts.

Investors expect the Fed to maintain a neutral stance, but analysts at the German bank noted that any dovish signals could support gold prices.

Gold price movements today

+ Domestic gold price

Gold price recovered slightly today. (Photo: Minh Duc).

At 6:00 a.m. on July 30, the price of gold bars at Doji and SJC was listed at 119.7 - 121.2 million VND/tael (buy - sell), an increase of 100,000 VND/tael compared to early this morning.

Meanwhile, the price of gold rings is currently listed by Doji at 115.9 - 118.4 million VND/tael (buy - sell), down 100,000 VND/tael.

+ International gold price

The world gold price listed on Kitco is at 3,326 USD/ounce, up 14 USD/ounce compared to late yesterday afternoon. Gold futures last traded at 3,330 USD/ounce.

Gold Price Forecast

The trade deal has succeeded in easing concerns about economic conflict between the two powers, which typically puts downward pressure on gold, which is seen as a safe haven asset in times of uncertainty, said Jigar Trivedi, senior commodities analyst at Reliance Securities.

The gold market is not expected to have strong fluctuations in the coming time. Investors' attention is focused on important information from US monetary policy and economic data, expected to be announced this week.

According to experts, gold prices may not fluctuate too much in the next few days. The reason is that investors are focusing on waiting for the results of the Fed's two-day policy meeting. The Fed's decisions on interest rates will have a big impact on the value of the USD and thus directly affect the price of gold.

Source: https://baolangson.vn/gia-vang-hom-nay-30-7-quay-dau-tang-5054577.html