Gold price continues to increase today
As of 6:00 a.m. on August 14 (Vietnam time), the price of gold today on the international market reached 3,358 USD/ounce, up 13 USD compared to the lowest level in the trading session last night (3,345 USD/ounce). The world gold price for December delivery also recorded an increase of 13.8 USD, reaching 3,412 USD/ounce.
Gold prices today were strongly supported by the US dollar index hitting a three-week low, while the yield on 10-year US Treasury bonds is currently around 4.23%, down from last week.
Crude oil prices also fell slightly, trading around $62.25 a barrel, providing additional momentum for assets like gold.
Expectations for a Fed rate cut continue to be in focus. Investors are pricing in a 25 basis point rate cut at the September FOMC meeting, followed by two more cuts in December 2025 and March 2026. The market is currently pricing in a high probability of this scenario, based on US core consumer price index (CPI) data for July, which rose 3.1% year-on-year, slightly above expectations.
The weakening of the US dollar and expectations of global monetary easing are creating favorable conditions for gold prices.
Investors continue to pour money into gold as a safe haven, especially as the US labor market shows signs of weakness, reinforcing confidence in the short-term rise of gold prices.
In Vietnam, at the end of August 13, SJC gold was sold at 124.2 million VND/tael, while ring gold was at 119.3 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-14-8-tang-tiep-khi-dong-usd-suy-yeu-196250814062150997.htm
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