Gold price at the close of the session on August 25: Strong tug-of-war above a multi-month high

SJC gold bar price

As of 5:45 PM, Phu Quy listed SJC gold bar prices at the threshold of 147.6-150.6 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 147.6-150.6 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 150-154 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.

9999 gold ring price

As of 5:45 PM, Phu Quy Gold and Gems Group listed the price of gold rings at 148-152 million VND/tael (buying - selling), an increase of 1 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side. The buying - selling difference is at 4 million VND/tael.

DOJI listed the price of gold rings at 150-154 million VND/tael (buying - selling), an increase of 1 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 150-154 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.

World gold price

Recorded at 6:00 PM, world gold prices were listed around the threshold of 4,638.5 USD/ounce, down 3.5 USD/ounce.

Gold price forecast

World gold prices are facing an important test phase after rising to the highest level in more than 3 months. Despite times of correction due to profit-taking activities, supporting factors such as the return of investment capital, risk hedging needs and concerns about fiscal prospects are still creating support for the precious metal.

In the recent trading session, gold prices were under pressure as a part of investors took profit-taking after a strong rally. In addition, the recovery of the USD also made gold more expensive for buyers holding other currencies. However, according to experts, the factors that once boosted cash flow to gold have not disappeared and may continue to support prices in the near future.

One of the factors that the market is interested in is the monetary policy developments of the US Federal Reserve (Fed). Investors are waiting for more signals from US inflation data, especially the core consumer spending price index (PCE) - a measure closely monitored by the Fed - along with new statements on interest rate orientation.

In addition, capital flows into gold ETF funds are showing signs of improvement after a period of weakness. The return of investment funds to the market is considered an important supporting factor, because demand from the group of financial investors can significantly impact price trends.

Along with that, gold buying activities by central banks continue to be assessed as a support in the medium and long term as many countries still maintain their reserve diversification strategies.

However, gold's upward momentum still faces certain risks. If US inflation remains high, the Fed may be more cautious in easing monetary policy. At that time, bond yields and the USD are likely to recover, putting pressure on gold prices - assets that do not generate cash flow.

In the short term, the market will focus on US economic data and new signals from the Fed to assess the ability to maintain the upward trend. After surpassing the 4,600 USD/ounce mark, gold prices are in need of new momentum from investment cash flow and interest rate prospects to establish the next trend.

The developments of the USD, bond yields, ETF capital flows and policies of central banks will continue to be important factors dominating gold prices in the coming sessions. The information in the article only reflects market developments, not investment recommendations.