The world gold price today jumped from 1,953 USD to 1,966 USD/ounce at 6:00 on July 26.
Analysts said that gold prices increased again today when the US Federal Reserve (FED) began its monetary policy meeting.
Accordingly, the market believes that the FED will increase interest rates by 0.25% to continue to cool down inflation. Financial investors will carefully consider the statement of FED Chairman - Mr. Jerome Powell at the press conference in the early morning of June 27, to find new clues about future monetary policy.
Meanwhile, the European Central Bank (ECB) will meet on May 27 and may decide to increase interest rates by another 0.25 percentage points.
In response to the above information, the USD has stopped increasing in value compared to many other currencies, which is beneficial for today's gold price. Therefore, many people have invested in precious metals. Today's world gold price jumped from 1,953 USD to 1,966 USD/ounce at 6:00 on July 26.
In the domestic market, gold prices fluctuated in opposite directions between SJC gold and gold rings and jewelry gold. Accordingly, SJC gold prices were listed by businesses at VND66.55 million/tael for purchase and VND67.15 million/tael for sale, down VND100,000/tael compared to yesterday.
The price of jewelry gold and 24K gold rings of all kinds is traded around 56 million VND/tael for buying and 57 million VND/tael for selling, an increase of 50,000 VND/tael.
In Vietnam, on July 25, due to weak buying and selling power, the price of SJC gold remained almost unchanged at 67.25 million VND/tael.
The central exchange rate listed by the State Bank is 23,746 VND/USD, down 14 VND/USD compared to yesterday. The USD price at commercial banks is traded around 23,490 VND/USD for buying and 23,830 VND/USD for selling, down 5 VND/USD.
Source
Comment (0)