Gold prices on May 28th: ​​Sharp declines across the board.

GD&TĐ - Domestic and international gold prices continued to fall sharply on May 28th compared to yesterday's trading session.

Gold bar price

SJC, Bao Tin Minh Chau, DOJI , PNJ, and Bao Tin Manh Hai listed gold at 157.7-160.7 million VND/ounce (buy-sell), a decrease of 800,000 VND/ounce in both buying and selling prices.

Phu Quy gold is trading at 157.5-160.7 million VND/ounce (buy-sell), a decrease of 800,000 VND/ounce in both buying and selling prices.

The selling price of Mi Hong gold has decreased by approximately 800,000 VND/ounce compared to yesterday's trading session.

Gold ring prices

Bao Tin Minh Chau and DOJI listed gold at 157.5-160.5 million VND/ounce (buy-sell), a decrease of 1 million VND/ounce in both buying and selling prices.

Phu Quy gold is trading at 157.5-160.5 million VND/ounce (buy-sell), a decrease of 800,000 VND/ounce in both buying and selling prices.

World gold prices

As of 4:00 AM on May 27th (Vietnam time), the world gold price was trading at $4,446.2 per ounce, down $60.2 per ounce compared to yesterday's session.

Based on the USD exchange rate at Vietcombank (26,394 VND/USD), the world gold price is approximately 141.5 million VND/ounce (excluding taxes and fees).

Gold prices are forecast to fall to near two-month lows as the market expects the US Federal Reserve (Fed) to continue or even tighten monetary policy to control inflation, amid ongoing geopolitical tensions in Iran.

Furthermore, conflicts in the Middle East have caused oil prices to surge, raising concerns about inflation, but this in turn increases the likelihood of the Fed raising interest rates, which is detrimental to gold because gold does not yield interest.

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Source: https://giaoducthoidai.vn/gia-vang-ngay-285-dong-loat-giam-manh-post779342.html