Gold price at the close of the session on August 26: Slight decrease, waiting for new signals

9999 gold ring price

As of 5:20 PM, Ancarat listed the price of 9999 Tich Tai Gold Ring at 148.3-151.3 million VND/tael (buying - selling), down 1 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at the threshold of 147.3-150.7 million VND/tael (buying - selling), down 700,000 VND/tael on the buying side and down 1.3 million VND/tael on the selling side. The buying - selling difference is at 3.4 million VND/tael.

DOJI listed the price of gold rings at 149.8-153.8 million VND/tael (buying - selling), down 200,000 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 149.7-153.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

SJC gold bar price

As of 5:20 PM, Phu Quy listed SJC gold bar prices at the threshold of 147.3-150.3 million VND/tael (buying - selling), down 300,000 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 147.3-150.3 million VND/tael (buying - selling), down 300,000 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 149.7-153.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

Jewelry gold price

As of 5:20 PM, Ancarat listed the price of 24K 9999 Gold Jewelry at 143.3-151.3 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions.

DOJI listed 9999 jewelry gold at 148-152 million VND/tael (buying - selling), unchanged.

Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at the threshold of 147.7-152.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions.

World gold price

Recorded at 5:20 PM, world gold prices were listed around 4,616.3 USD/ounce, down 22.2 USD/ounce.

Gold price forecast

World gold prices are showing signs of slowing down after a series of consecutive increasing sessions, as investors are shifting their attention to important US economic data to assess the monetary policy outlook of the US Federal Reserve (Fed).

After rising to the highest level since mid-May, gold prices are under adjustment pressure as buying power has somewhat weakened. The strong increase in recent sessions has made the market more cautious, as a part of investors are taking profits and waiting for new signals to determine the next trend.

The focus of the market is currently the US Personal Consumption Price Index (PCE) report for July - a measure of inflation closely monitored by the Fed in the process of monetary policy making. The results of this data may affect expectations about the interest rate roadmap in the near future.

Previously, some US inflation indicators showed signs of cooling down, reducing the possibility of the Fed continuing to maintain tight monetary policy. The market currently assesses that the possibility of the Fed keeping interest rates unchanged in the upcoming meeting is being strengthened.

In the context of high interest rates, gold is often at a disadvantage because it is an asset that does not generate yields. Conversely, if economic data shows that inflationary pressure continues to decrease and the Fed sends a signal to ease policy, the USD may weaken, thereby creating more momentum for gold prices.

Besides inflation data, investors are also waiting for Fed Chairman Kevin Warsh's speech at the Jackson Hole conference this weekend. Messages related to interest rate management orientation may directly affect market expectations for the USD and precious metals.