Gold price at the close of the session on August 27: Investors wait for Fed Chairman's speech

9999 gold ring price

As of 5:35 PM, Ancarat listed the price of 9999 Tich Tai Gold Ring at 148.2-151.2 million VND/tael (buying - selling), down 100,000 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 147-150 million VND/tael (buying - selling), down 300,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.

DOJI listed the price of gold rings at 148-152 million VND/tael (buying - selling), down 1.8 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 148-152 million VND/tael (buying - selling), down 1.7 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

SJC gold bar price

As of 5:35 PM, Phu Quy listed SJC gold bar prices at 147-150 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 147-150 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.

Bao Tin Minh Chau listed SJC gold bar prices at 148-152 million VND/tael (buying - selling), down 1.7 million 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 143.2-151.2 million VND/tael (buying - selling), down 100,000 VND/tael in both buying and selling directions.

DOJI listed 9999 jewelry gold at 147-151 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions.

Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at 146-151 million VND/tael (buying - selling), down 1.7 million VND/tael in both buying and selling directions.

World gold price

Recorded at 5:40 PM, world gold prices were listed around 4,575.4 USD/ounce, down 40.9 USD/ounce.

Gold price forecast

World gold prices are being interspersedly affected by supporting factors and adjustment pressure. After setting a 3-month high this week, the precious metal tends to slow down as investors are cautious in the face of a series of new signals about US monetary policy.

The focus of the market is currently on Fed Chairman Kevin Warsh's speech at the Jackson Hole conference on August 28 (US time). This will be a notable appearance of the Fed head at this important event, in the context that investors are waiting for more information about interest rate management orientation, inflation control and the role of the bond market in monetary policy in the coming time.

If signals from the Fed show the ability to maintain cautious monetary policy, the USD may be under pressure, thereby creating more momentum for gold prices. Conversely, tough statements about inflation or the ability to maintain high interest rates for a long time may make gold difficult because the precious metal does not generate cash flow like profitable assets.

Besides the interest rate factor, concerns related to US public debt and the long-term health of the USD are still an important support for gold.

Recent debt restructuring moves by the US Treasury Department have also raised market interest in the risk of a decline in the purchasing power of the greenback, boosting demand for safe-haven holdings.

The latest US inflation data shows that the Personal Consumption Price Index (PCE) - a measure closely monitored by the Fed for policy making - remains higher than the target of 2%. This makes the prospect of interest rate adjustments more unpredictable, forcing investors to continue to monitor economic signals before making a decision.

According to the market's interest rate monitoring tool, expectations for an interest rate adjustment in September have decreased significantly, while the possibility of policy changes at the end of the year is still maintained. This development may cause gold prices to continue to fluctuate strongly in the short term.