Gold price today, August 26: The highest "thrill" increase since June

Lan Hương |

Gold prices today (August 26) opened a trading session with a strong increase in the context of the USD being "disastrously" depreciated to a 3-week low after the Fed Chairman's lackluster speech.

Opening this morning's trading session (8.26), DOJI Group listed the price of SJC gold at 36.35-36.42 million VND/tael (buy in - sell out), an increase of 70,000 VND for buying and an increase of 60,000 VND for selling compared to the same time in yesterday's trading session.

SJC gold price at Bao Tin Minh Chau is listed at 36.35-36.41 million VND/tael, up 60 thousand VND in both directions compared to yesterday. Gold price of smooth round Quotation Dragon Gold Thang Long is trading at: 35.19 - 35.64 million VND/tael (buy - sell), an increase of 100,000 VND in both directions compared to the previous trading session.

At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars was listed at 36.30 - 36.49 million VND/tael (buy - sell), an increase of 80,000 VND/tael for buying and 90,000 VND/tael for selling compared to the same time yesterday.

The world gold price is currently listed at 1290.80 - 1291.80 USD/ounce.

9999 gold price for December delivery increased by 2.20 USD/ounce to 1294.20 USD/ounce.

The disappointing speech of Ms. J.Yellen - Chairwoman of the US Federal Reserve (Fed) at the recent US Central Bank conference caused the USD to immediately plummet to the bottom of the 3-week threshold.

In his lackluster speech, Fed Chairman quan quan Yellen did not give any new signal on monetary policy. Investors are turning to gold as a safe haven, sending gold prices to their highest level since June 2017. Experts predict gold prices will continue to increase next week, however, gold will still have difficulty reaching the psychological mark of 1,300 USD/ounce.

In the foreign exchange market, the central exchange rate announced by the State Bank on the morning of August 26 was 22,446 VND/USD, unchanged from the previous session. Vietcombank's USD exchange rate today is listed at 22,695 - 22,765 VND/USD (buy - sell), down 5 VND in both directions compared to the previous trading session.

Lan Hương
RELATED NEWS

President Trump declares the US will win very quickly if there is a renewed conflict with Iran

|

US President Donald Trump left open the possibility of a recurrence of conflict with Iran, while affirming that the US will "win very quickly" if that happens.

In 6 months, the Traffic Police Department received more than 10,600 violation complaints from people

|

In 6 months, the Traffic Police Department received more than 10,600 traffic violation complaints from people, thereby fining more than 2,800 cases.

Forecast of heavy rain in the area from today to July 10, with some places over 200mm

|

From July 9th to the end of July 10th, it is forecast that the mountainous and midland areas of the Northern region and Quang Ninh will have moderate rain, heavy rain and thunderstorms, with locally very heavy rain over 200mm.

Barricating many sections of Thang Long Avenue for construction until the end of 2026

|

Hanoi barricades and diverts traffic on many sections of Thang Long Avenue to construct Ring Road 3.5 intersection. Traffic organization plan extended until the end of 2026.

What is special about the first patients at Viet Duc Friendship Hospital, Ninh Binh facility

|

On the first day of operation, Viet Duc Friendship Hospital Ninh Binh facility organized free health check-ups and presented gifts to nearly 300 people with meritorious services and policy families.