Money & Investing

US GDP in Q2 increased lower than forecast, but gold prices only edged up slightly as inflation and bond yields remained high. Photo: AI

US GDP lower than forecast, gold prices still not making impressive breakthroughs

|

The US economy grew slower than forecast, but gold prices only fluctuated slightly due to high inflation and the labor market continuing to maintain stability.

WGC forecasts that investment demand will continue to be the biggest driver of the gold market in the second half of the year, in the context of slow supply growth and gold prices maintaining at a high level. Photo: Phan Anh

World Gold Council forecasts investment demand to continue to lead gold prices

|

The World Gold Council (WGC) believes that investment demand continues to be the main driver of the gold price market in the second half of the year, while supply is only increasing slowly.

Domestic gold prices were adjusted upwards by some businesses in today's trading session. Photo: Phan Anh

Gold price today July 31st: Many brands adjust prices upwards

|

Gold price today, July 31: Many domestic gold trading brands adjusted up from 300,000 to 700,000 VND/tael.

Silver prices reversed to decrease in today's trading session after a previous correction. Photo: Phuong Anh

Silver price fluctuation 31.7: Domestic decrease, world surge

|

Silver price fluctuation 31.7: Silver prices continue to struggle as investors monitor interest rates, the USD and new signals from the Fed.

Gold and foreign currency prices 31.7: Positive trend of gold

Gold and foreign currency prices 31.7: Positive trend of gold

|

Gold and foreign currency prices 31.7: Domestic and world gold prices rebounded, many factors supported the recovery of precious metals.