Money & Investing

World gold prices continue to weaken as the market raises expectations that the Fed may raise interest rates in September, causing the USD and bond yields to remain high. Photo: Phan Anh

Gold prices turn down sharply as the market makes big bets on the Fed

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Gold prices are under pressure from the USD, bond yields and expectations that the Fed will continue to tighten monetary policy to curb inflation.

HDBank interest rates for the main terms, highest 6%/year. Photo: Hai Nguyen.

HDBank's highest interest rate, deposit 1 billion VND and receive 84 million VND

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HDBank's latest interest rate recorded the highest level of 6%/year for customers depositing 1 billion VND at Vikki Online channel.

World gold prices enter a correction phase after a strong rally, as pressure from the Fed, the USD and high interest rates continue to dominate the market. Photo: Phan Anh

Gold price update at the closing session on July 13: Gold rings decrease by 2 million VND/tael

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Gold price update at the closing session on July 13: Domestic gold ring prices sharply decreased as the world market adjusted.

Gold prices are forecast by many organizations and mining businesses to fluctuate in the 4,200-4,500 USD/ounce range by the end of 2026 as pressure from interest rates and investment demand remains. Photo: Phan Anh

Year-end gold prices are lowered expectations as major organizations simultaneously change forecasts

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President Seligdar predicts that gold prices at the end of the year will only fluctuate between 4,200-4,500 USD/ounce, amid many major organizations simultaneously lowering their outlook.

Gold prices plummet amid concerns that the Fed will keep interest rates high and oil prices will rise. Photo: Phan Anh

Gold prices reverse sharply after new tensions between the US and Iran

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World gold prices opened the week with a sharp drop as US-Iran tensions escalated, oil prices rose, and expectations of the Fed maintaining high interest rates continued to put pressure.