Gold price today 22. 8: Closing the 3rd consecutive week of increase

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Gold price today 22. 8: Gold has just closed a week of rise, helping the precious metal record its 3rd consecutive week of increase.

SJC gold bar price

As of 9:00 AM, Phu Quy listed SJC gold bar prices at the threshold of 144.6-147.6 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

At the same time, SJC gold bar prices were listed by DOJI at the threshold of 144.6-147.6 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling was at 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 144.1-148.1 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

9999 gold ring price

As of 9:00 AM, 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 1 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: AI
Gold ring price movements in recent trading sessions. Chart: AI

DOJI Group listed the price of gold rings at the threshold of 144.5-148.5 million VND/tael (buying - selling), an increase of 700,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

The price of gold rings is listed by Bao Tin Minh Chau at the threshold of 144.1-148.1 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

Giá vàng miếng SJC và nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Đồ họa: AI
SJC gold bar and plain ring prices at some business units. Unit: VND/tael. Graphics: AI

World gold price

At 9:00 AM, world gold prices were listed around 4,602.4 USD/ounce, up 69.4 USD.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: AI
Developments in world gold prices in recent trading sessions. Chart: AI

Gold price forecast

After a strong breakthrough in recent trading sessions, sentiment in the gold market is changing positively as many investors expect the precious metal to continue to maintain an upward trend next week.

A survey of gold price prospects by a precious metals website shows that buying power is prevailing. In the market expert group, most opinions lean towards the possibility that gold will continue to rise after surpassing the important resistance zone of 4,600 USD/ounce.

Notably, cautious sentiment about the possibility of gold price depreciation has decreased significantly after the recent strong increase. Many individual investors have also increased expectations of the precious metal establishing new high price zones in the short term.

However, the gold market may still face adjustments after a period of hot increase. The fact that prices continuously set new peaks may cause a part of investors to take profits, creating volatile sessions before determining the next trend.

In the coming trading week, the diễn biến of the USD, US government bond yields and important economic data will continue to be factors closely monitored by the market. If new data shows that the US economy is weakening or strengthens expectations of monetary policy easing, gold may continue to receive support.

In the opposite direction, more positive signals from the US economy or the possibility of maintaining tight monetary policy for longer may put pressure on gold prices in the short term.

Technically, maintaining above the 4,600 USD/ounce zone helps the upward trend to be consolidated. In a positive scenario, gold may move towards higher price zones when buying power is maintained. However, investors also need to pay attention to important support zones in case the market experiences a strong correction after a series of consecutive increases.

In the domestic market, SJC gold and gold rings are likely to continue to fluctuate according to the developments of world gold prices. The gap between buying and selling prices is still a factor that needs to be concerned when the market is in a high price range.

Gold price data is compared to the previous day.

The information in the article is for reference only, reflecting market developments at the time of recording and not an investment recommendation. Investors need to carefully consider their financial capacity, personal goals and related risks before making a decision to buy or sell gold.

See more news related to gold prices HERE...

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