Gold price at the close of the session on August 24th: Increased both globally and domestically

SJC gold bar price

As of 5:30 PM, 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 5:30 PM, 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 5:30 PM, world gold prices were listed around the threshold of 4,642 USD/ounce, up 39.6 USD/ounce.

Gold price forecast

World gold prices continue to receive short-term support as the USD maintains a weakening trend, while the market is waiting for a series of important information from the US economy to assess the monetary policy outlook of the US Federal Reserve (Fed).

In the first session of the week, the precious metal increased to the highest level in more than 3 months, continuing the strong increase in the previous week. The main driving force came from the greenback trading near its lowest level in many months, helping gold - which is valued in USD - become more attractive to investors holding other currencies.

Besides the exchange rate factor, the market is focusing on the US Personal Consumption Price Index (PCE) data for July and Fed Chairman Kevin Warsh's speech at the Jackson Hole conference this week. These are considered important signals to help investors assess the possibility of interest rate adjustments in the near future.

According to market chief analyst Tim Waterer of KCM Trade, gold is entering a new trading week with a positive trend, in which the diễn biến of the USD and US bond yields continue to be factors that greatly affect the price of precious metals.

If new economic information shows that inflationary pressure is cooling down and the Fed is likely to maintain a more flexible monetary policy, gold prices may continue to be supported. Conversely, if US economic data is stronger than expected or signals from the Fed show that interest rates may remain high for a long time, gold's upward momentum may be under pressure.

In addition to monetary factors, developments related to geopolitical tensions are also being monitored by the market. New risks may boost demand for gold as a safe haven asset. However, the drop in oil prices amid investor profit-taking shows that the impact from geopolitical factors still needs to be further assessed.