Gold price update morning of August 3: World gold reverses direction

    Khương Duy |

    Gold price update morning of August 3: World gold reverses to increase in the first trading session of the week.

    SJC gold bar price

    As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 137-141 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

    SJC gold bar price is listed by DOJI at the threshold of 137-141 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

    Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Biểu đồ: AI
    SJC gold bar price at some business units. Unit: VND/tael. Chart: AI

    SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 1383-142.3 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.9 million VND/tael.

    9999 gold ring price

    As of 6:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 137-141 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

    DOJI listed the price of gold rings at 137-141 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

    Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Biểu đồ: AI
    Price of plain gold rings at some business units. Unit: VND/tael. Chart: AI

    Bao Tin Minh Chau listed the price of gold rings at the threshold of 1383-142.3 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.9 million VND/tael.

    Giá vàng miếng SJC và nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: AI
    SJC gold bar and plain ring prices at some business units. Unit: VND/tael. Table: AI

    World gold price

    Recorded at 7:55 AM, world gold prices were listed around the threshold of 4,058.8 USD/ounce, up 17.1 USD.

    Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: AI
    Developments in world gold prices in recent trading sessions. Chart: AI

    Gold price forecast

    Analysts are quite cautious about the gold price outlook this week, as the precious metal has not yet escaped the prolonged fluctuation zone around the 4,000 USD/ounce mark. The diễn biến of the USD, US bond yields, geopolitical tensions and monetary policy expectations continue to be the main factors dominating the market.

    According to the latest survey results of a precious metals website with 17 Wall Street experts, 5 people, equivalent to 29%, predict gold prices will increase this week. Meanwhile, 6 experts, accounting for 35%, believe that prices may decrease; the remaining 6 people predict the market will continue to move sideways.

    In the group of individual investors, positive sentiment still prevailed but has weakened. Out of a total of 184 survey participants, 47% expect gold prices to increase, 30% forecast to decrease and 23% believe that precious metals will continue to accumulate in the current price range.

    US economic data released this week, including the index of manufacturing, services, job vacancy, private employment report and the July non-farm payroll, are forecast to create significant fluctuations. These figures could directly affect interest rate expectations and the direction of gold prices.

    Gold price data is compared to the previous day.

    The information in the article only reflects market developments, not investment recommendations.

    See more news related to gold prices HERE...

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