In the domestic market, gold prices of all brands increased this morning. The price of SJC gold bars returned to its historical peak of 125.4 million VND/tael, about 18 million VND/tael higher than the world price (excluding taxes and fees).
Specifically, at 12:00 on August 22, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 124.4-125.4 million VND/tael, unchanged from the previous session. The difference between buying and selling is 1 million VND/tael.
The price of SJC 9999 gold ring is 117.5 million VND/tael for buying and 120 million VND/tael for selling, an increase of 200,000 VND compared to the previous closing price. The difference between buying and selling is 2.5 million VND/tael.
DOJI gold bar prices in Hanoi and Ho Chi Minh City were traded at 124.4 million VND/tael for buying and 125.4 million VND/tael for selling, unchanged from the previous session.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 117.5-120.5 million VND/tael, unchanged from the previous closing price. The buying and selling difference was up to 3 million VND/tael.
PNJ Gold is currently buying at 117.5 million VND/tael and selling at 120.5 million VND/tael, up 200,000 VND compared to the previous closing price.
As of 11:00 a.m. on August 22 (Vietnam time), gold price World prices fell 14.1 USD compared to the previous session's close to 3,332.2 USD/ounce.
World gold prices fell this morning as investors turned their attention to the annual monetary policy conference of the US Federal Reserve (FED).
Currently, investors are waiting for clearer signals from the US Federal Reserve on the direction of interest rates in the coming time, especially the important speech of the FED Chairman at the meeting at the Jackson Hole Conference will provide a deeper insight into the FED's views on the possibility of cutting interest rates in September.
The gold market is currently heavily influenced by macro factors, including the US central bank's monetary policy and global inflation developments.
While gold prices continue to trade significantly below last month's all-time high of $3,500 an ounce, Nitesh Shah, head of commodity and macroeconomic research at WisdomTree, said it is only a matter of time before the precious metal finds new support.
Shah gave a base forecast of $3,610 by the first quarter of 2026. However, he added that with so much uncertainty in financial markets, risks are on the rise.
According to this expert's bullish model, gold prices are likely to reach $4,000/ounce in the first quarter of 2026.
Currently, the USD-Index is at 98.04 points; the yield on 10-year US Treasury bonds slightly decreased to 4.329%; US stocks decreased ahead of the Jackson Hole conference; oil prices were uniform, trading at 67.67 USD/barrel for Brent oil and 63.55 USD/barrel for WTI oil.
Source: https://baoquangninh.vn/gia-vang-ngay-22-8-vang-mieng-sjc-neo-tai-muc-dinh-125-4-trieu-dong-luong-3372743.html
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