Gold price today 30/8: Sudden increase?

by time news

2023-08-29 11:33:00

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Domestic gold price

Previously, in the gold price news on August 29. The domestic gold price of 9999 at the end of the trading session on August 29, 2023, was listed by SJC and Doji Jewelry Group in the order of buying and selling as follows:

SJC Hanoi: 67,500,000 VND/tael – 68,120,000 VND/tael.

Doji Hanoi: 67,300,000 VND/tael – 68.200.000 VND/tael.

SJC HCMC: 67,450,000 VND/tael – 68.100.000 VND/tael.

Doji Ho Chi Minh City: 67,300,000 VND/tael – 68.200.000 VND/tael.

SJC Da Nang: 67,500,000 VND/tael – 68,120,000 VND/tael.

The price of SJC gold at Bao Tin Minh Chau Co., Ltd was also traded at 67.52 – 68.05 million VND/tael (buy in – sell out). And at Bao Tin Manh Hai is being traded at 67.52 – 68.05 million VND/tael (buy in – sell out).

Gold price today 30/8: Sudden increase? (Illustration image: Internet).

World gold price

World gold price on August 29, according to financial news site Kitco, world gold price recorded at 5:00 a.m. (August 29) in Vietnam time for spot at $1,920.735 per ounce. Converted at the current exchange rate at Vietcombank, world gold is about 55,075 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 12,425 million VND/tael.

At the close of the session at dawn Vietnam time, investors saw gold rise under the support of the dollar along with bond yields fell. As investors await a series of US economic data this week to learn more about the Fed’s interest rate outlook in the near term. For now, 10-year Treasury yields remain well below recent peaks.

Spot gold rose 0.3 percent to $1,919.41 an ounce. At the same time, US gold futures also increased 0.4 percent to $1,946.80. Accordingly, the depreciation of the dollar has made the price of gold more attractive to holders of other currencies.

Fed Chairman Jerome Powell has said that to contain inflation that is still too high, the central bank may need to raise interest rates again. However, an increase in interest rates could increase bond yields and make bullion less attractive.

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