The world gold price today jumped to 2,409 USD at 6:00 a.m. on July 31.
Gold prices jumped today amid the US Federal Reserve (FED) holding a monetary policy meeting. Accordingly, investors expect that after the meeting ends in the early morning of July 1, the FED may give clues about lowering interest rates in September 2024.
Phillip Streible, an analyst at Blue Line Futures, said the EU economy is showing some cracks, which could prompt the European Central Bank (ECB) to cut interest rates in September. The US is also expected to follow the ECB in cutting interest rates.
In response to this information, gold speculators expect the strength of the USD to decline in the next few days. At that time, gold prices could increase sharply. Therefore, at this time, many people have increased their purchasing power.
Immediately, the world gold price today jumped to 2,409 USD at 6:00 a.m. on July 31, a sharp increase of 26 USD compared to the same time the previous day at 2,383 USD/ounce.
In Vietnam, the price of SJC gold on July 30 decreased by 500,000 VND/tael to 79 million VND/tael. The price of gold rings produced by SJC and PNJ companies was 77 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-31-7-tang-tro-lai-196240731062840684.htm
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