Gold price update morning of August 25th: Increase has not stopped

SJC gold bar price

As of 6:00 AM on August 25, Phu Quy listed SJC gold bar prices at 147-150 million VND/tael (buying - selling), an increase of 2.4 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

SJC gold bar price is listed by DOJI at 147-150 million VND/tael (buying - selling), an increase of 2.4 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 148.5-152.5 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

9999 gold ring price

As of 6:00 AM on August 25, Phu Quy Gold and Gems Group listed the price of gold rings at 147-150.5 million VND/tael (buying - selling), an increase of 2.4 million VND/tael on the buying side and an increase of 2.9 million VND/tael on the selling side. The buying - selling difference is at 3.5 million VND/tael.

DOJI listed the price of gold rings at 149-153 million VND/tael (buying - selling), an increase of 3.5 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 148.5-152.5 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

World gold price

Recorded at 9:05 PM on August 24, world gold prices were listed around the threshold of 4,660.4 USD/ounce, up 58 USD.

Gold price forecast

Developments in the international market show that gold prices continue to receive support from many factors, in which the weakening trend of the USD, the need to hedge against financial risks and geopolitical instability are prominent.

Last night, world gold prices remained around 4,650 USD/ounce, reflecting investors' cautious sentiment in the face of important US economic information.

One of the factors affecting gold prices is the tug-of-war between the monetary policy expectations of the US Federal Reserve (Fed) and the mixed signals from the world's largest economy. Recent inflation data shows signs of cooling down, causing the market to increase expectations that the Fed may maintain or adjust the interest rate roadmap in the near future.

However, economic activity still maintained positive levels as the August composite PMI index rose to its highest level in more than 4 years, showing that the resilience of the US economy is still significant.

In that context, US Treasury bond yields remain high, with 10-year term yields maintained around 4.7%. This is a factor that puts certain pressure on gold because the precious metal does not create a fixed cash flow. However, the weakening USD along with concerns about fiscal risks and safe-haven demand are partly compensating for the negative impact from the high yield level.

Regarding technical factors, world gold prices are testing the resistance zone around 4,660 USD/ounce. If they maintain the upward momentum and overcome this resistance zone, the market may head towards higher targets around 4,700-4,800 USD/ounce. Conversely, if profit-taking pressure increases, the noteworthy support zone is around 4,560 USD/ounce.

In addition to economic factors, geopolitical situation continues to be an important variable for gold prices. Instability related to tensions in the Middle East, the risk of energy transport disruption and economic pressure measures between parties may boost the demand for safe asset holdings.

This week, investors will focus on a series of US economic data, including the Personal Consumption Expenditure (PCE) index, durable goods order figures, Q2 GDP growth estimates and Fed Chairman Kevin Warsh's speech at the Jackson Hole conference. This information could create significant fluctuations for the USD, bond yields and thereby directly affect gold price trends.

The short-term outlook for gold is still positively assessed thanks to defensive buying power and expectations for monetary policy. However, high yields and signals showing that the US economy still maintains growth momentum may cause the upward trend of gold prices to encounter corrections in the upward process.