Gold price today August 13: World investors continuously take profits

Domestic gold prices have not changed much despite strong fluctuations in the world's precious metals in recent days. Global investors sell to take profits every time prices increase.

Saigon Jewelry Company - SJC bought gold bars at 122.7 million VND per tael, sold at 123.9 million VND. Doji Group bought at 122.7 million VND, sold at 123.9 million VND. Phu Quy Company bought at 121.9 million VND, sold at 123.9 million VND... Similarly, the price of gold rings did not change, SJC Company kept it at 116.5 million VND for buying, sold at 119.1 million VND; Phu Quy Company bought at 116.5 million VND, sold at 119.5 million VND... SJC gold bars are 17.5 million VND/tael more expensive than the world price, while gold rings are from 13 - 13.5 million VND/tael.

SJC gold bar price remains high. PHOTO: NGOC THANG

Meanwhile, the world gold price fluctuated continuously within the range of 3,334 - 3,355 USD/ounce over the past day. World gold decreased by 5 USD, down to 3,344 USD/ounce. Gold increased after the US announced the inflation index, the consumer price index (CPI) in July increased by 0.2% after increasing by 0.3% in June. Inflation increased by 2.7% over the past 12 months, lower than expected. According to general estimates, economists predicted an increase of 2.8%.

Higher inflation is traditionally seen as a negative for gold, as it could prompt the Federal Reserve to maintain its restrictive monetary policy. Markets are still widely expecting a rate cut in September, as weak labor market data continues to overshadow rising consumer prices.

The gold price increase did not last long when profit-taking pressure appeared in the market. In addition, capital flows shifted to the stock market, causing gold to lose its momentum. The Dow Jones index increased by 483.52 points (equivalent to 1.1%) to 44,458.61 points. The S&P 500 index increased by 1.13% to 6,445.76 points, and the Nasdaq Composite index increased by 1.39% to 21,681.9 points./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-1382025-nha-dau-tu-the-gioi-lien-tuc-chot-loi-185250813085123992.htm

Source: https://baolongan.vn/gia-vang-hom-nay-13-8-nha-dau-tu-the-gioi-lien-tuc-chot-loi-a200576.html