Gold price today August 18: Rebound to record level

Saigon Jewelry Company - SJC increased the price of gold bars by 200,000 VND per tael, buying to 123.7 million VND, selling to 124.7 million VND. Mi Hong Company also increased each tael of gold bars by 200,000 VND, buying to 124 million VND, selling to 124.7 million VND. Phu Quy Company increased the buying price by 200,000 VND, to 124.7 million VND, while the buying price remained at 122.7 million VND...

Similarly, the price of gold rings also increased from 100,000 - 200,000 VND per tael, Phu Quy Company bought for 116.5 million VND, sold for 119.5 million VND; SJC Company bought for 116.8 million VND, sold for 119.4 million VND... The price of gold rings is currently 12.8 million VND/tael higher than the world price , while gold bars are 18.1 million VND/tael more expensive - this is the highest level in many months.

Domestic gold prices increase again. PHOTO: NGOC DUONG

World gold prices rose by $8 to $3,344 an ounce. Gold prices rose as the latest data showed that US consumer sentiment fell more than expected, and inflation expectations also rose. Specifically, the University of Michigan announced the preliminary results of its August consumer sentiment survey at 58.6, lower than the final result of July at 61.7. This data was also much lower than economists ' general forecast that the index would improve to 62. Meanwhile, the inflation picture continued to worsen, with the possibility of full-year inflation rising from 4.5% in July to 4.9% in August.

This week, markets will look to Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole conference on Friday for clearer signals on policy direction. In addition, some information of interest will be released such as housing starts and building permits for July on Tuesday. Data will be released on Thursday including the Philadelphia Federal Reserve manufacturing index, weekly jobless claims, S&P Global flash PMI for August and existing home sales for July.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-1882025-bat-tang-tro-lai-muc-ky-luc-185250818084837458.htm

Source: https://baolongan.vn/gia-vang-hom-nay-18-8-bat-tang-tro-lai-muc-ky-luc-a200853.html