Money & Investing

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.

World gold prices suffered a sharp reversal after Fed Chairman Kevin Warsh's speech, wiping out most of the gains achieved at the beginning of the week. Photo: Phan Anh

Gold prices plummet by more than 3%, investors still expect a new boost

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After setting a 3-month high, world gold prices turned down sharply, closing the week with a decrease of more than 3%.

World gold prices plummeted by more than 3% as US interest rate expectations changed, the USD and bond yields both increased sharply. Photo: Phan Anh

Reasons for gold prices plummeting, breaking a series of important support levels

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World gold prices plummeted by more than 3% as expectations for US interest rates reversed, the USD and bond yields increased, pulling prices down the support level.