Gold price closing session 22. 8: Closing week up, waiting for new data

SJC gold bar price

As of 5:00 PM, Phu Quy listed SJC gold bar prices at the threshold of 144.6-147.6 million VND/tael (buying - selling), an increase of 600,000 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 the threshold of 144.6-147.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The difference between buying and selling is at 3 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 145.5-149.5 million VND/tael (buying - selling), an increase of 1.4 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 17:00, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 144.6-147.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

DOJI listed the price of gold rings at the threshold of 145.5-149.5 million VND/tael (buying - selling), an increase of 1.5 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 145.5-149.5 million VND/tael (buying - selling), an increase of 1.4 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

World gold price

Recorded at 5:00 PM, world gold prices jumped to 105.3 USD to a multi-week high, listed around 4,602.4 USD/ounce, up 6.1 USD/ounce.

Gold price forecast

After the third consecutive week of strong increase, world gold prices entered a new trading week with positive sentiment as many supporting factors are still present.

The upward momentum of precious metals in recent sessions has been driven by the weakening USD, increased safe-haven demand amid concerns about the US fiscal situation, and expectations that the US Federal Reserve (Fed) may adjust monetary policy towards greater easing.

In the past week, spot gold prices at one point exceeded the 4,600 USD/ounce mark, recording an increase of more than 5%. Maintaining above the high price range shows that buying power is still dominant, as investors continue to turn to gold as a defensive channel against instability in the financial market.

If gold holds firmly above the 4,600 USD/ounce threshold, the precious metal may head towards the target zone of 4,700 USD/ounce in the short term. Further, some forecasts suggest that the 4,800 USD/ounce zone may be considered the next target if supporting factors continue to be maintained.

However, after a strong increase in a short time, the market also faces the possibility of technical correction sessions when a part of investors take profit-taking. The continuous increase in gold prices has caused momentum indicators to be at a high level, so fluctuations may occur before determining a new trend.

In the coming week, the focus of market attention will be on a series of important US economic data, especially the core consumer spending price index (PCE) - an inflation measure closely monitored by the Fed.

In addition, data on economic growth, labor markets and Fed Chairman Kevin Warsh's speech at the Jackson Hole conference may also create significant fluctuations in gold prices.

If data shows that inflationary pressure continues to cool down and strengthens the Fed's ability to cut interest rates, gold may continue to receive support. Conversely, the recovery of the USD or US bond yields may put pressure on the upward momentum of the precious metal.

Domestically, SJC gold and gold rings prices are likely to continue to fluctuate according to the developments of the world market. However, the large buying-selling difference is still a factor that investors need to pay attention to when participating in transactions.