Update on the closing price of gold on February 19: As of 7:30 p.m., the domestic gold price was listed at around 74.9 - 77.9 million VND/tael (buy - sell). The difference between buying and selling SJC gold was widened to 2.5 million VND/tael. Meanwhile, the world gold price listed on Kitco was at 2,016.4 USD/ounce.
Domestic gold price
World gold price
Gold price forecast
World gold prices lost momentum in the context of a stronger-than-expected US inflation report, reducing the prospect that the US Federal Reserve (FED) will soon cut interest rates.
However, gold prices rose again in the trading session on February 15, after weak economic data pushed the USD and US government bond yields down.
Mr. Adrian Day - Chairman of Adrian Day Asset Management, gold prices will continue to move sideways next week: "Gold prices will react up and down to different economic reports released, until there is clear information that the FED will cut interest rates."
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