Gold price fluctuates today

World gold price today falls into silence

Gold price today fluctuated in the range of 1,932-1,936 USD/ounce from last night until 6:00 a.m. on September 20.

The USD was not supported by the market and was forced to depreciate, but this factor did not help the price of gold increase. The reason is believed to be that investors limited transactions to wait for the US to announce its interest rate policy in the early morning of September 21.

Meanwhile, the US bond investment channel became attractive when the 10-year bond interest rate peaked at 4.36%/year, and the 2-year bond interest rate reached 5.09%/year. This attracted cash flow in the market, making the world gold price today not of interest to investors.

According to analysts, at this time, although the market predicts that the US Federal Reserve (FED) will stop raising interest rates, if inflation data in the coming time does not cool down, the FED may raise interest rates by the end of 2023.

The above assessment may make gold speculators uneasy. As a result, they trade cautiously, causing the world gold market to fall into a lull.

In Vietnam, SJC gold price on September 19 decreased by 50,000 VND/tael, closing at 69.15 million VND/tael at the end of the day.

Thy Tho - Photo: Tan Thanh - Graphics: Ngoc Trinh

Source: https://nld.com.vn/kinh-te/gia-vang-hom-nay-10-9-giang-co-truoc-thoi-diem-my-quyet-dinh-lai-suat-20230920063109926.htm