Money & Investing

The sharp drop after the statement at Jackson Hole caused gold prices to break through many important technical support zones, making short-term prospects more cautious. Photo: Phan Anh

Reviewing the week of erratic fluctuations in world gold prices

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Gold prices have just experienced a week of strong fluctuations, from a three-month high to a sharp drop after the Fed Chairman's tough message at Jackson Hole.

Gold prices simultaneously fell sharply in the last trading session of the week. Photo: Phan Anh

Gold price at the close of the session on August 29: SJC gold bars, gold rings simultaneously decrease

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Gold price at the close of the session on August 29: Domestic gold simultaneously decreased by about 1.5 million to 2 million VND/tael.

Gold prices face strong selling pressure in the last session of the week, pulling prices down more than 3%. Photo: Song Anh

World gold price today, August 29: Sharp drop at the end of the week

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The precious metal market fluctuated as gold and silver prices simultaneously fell sharply, in contrast to the strong breakthrough of palladium in the last session of the week.

Agribank continues to maintain the interest rate for savings deposits from 2.6-6.0%/year. Photo: Tra My

Latest Agribank interest rates, deposit 50 million VND and get 6 million VND

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Agribank's savings interest rate recorded the highest level of 6.0%/year. See immediately the interest rate you can receive if you deposit 50 million VND.

The US non-farm payroll report on September 4 is considered the focus, which can shape monetary policy expectations and the direction of gold prices. Photo: Phan Anh

Gold prices face a series of important tests next week

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Gold prices next week may fluctuate sharply as the market monitors US jobs, Fed interest rate expectations, bond yields and fiscal risks.