Gold price today August 26: Increased by nearly 128 million VND/tael

Saigon Jewelry Company - SJC increased the buying price of SJC gold bars by 500,000 VND per tael, buying at 126.1 million VND, selling increased by 600,000 VND, up to 127.7 million VND. Doji Group increased the buying price to 126.1 million VND, selling at 127.7 million VND. Mi Hong Company increased the buying price by 300,000 VND, up to 126.7 million VND, selling increased by 600,000 VND, up to 127.7 million VND...

The price of gold rings also increased by 100,000 - 200,000 VND per tael, SJC Company bought at 119.6 million VND, sold at 122.2 million VND; Phu Quy Company bought at 118.9 million VND, sold at 121.9 million VND...

The rapid increase in domestic gold prices has made SJC gold 20 million VND/tael more expensive than the world price (the highest level in many years), and ring gold 14.3 million VND/tael more expensive.

SJC gold bar price increased to nearly 128 million VND/tael. PHOTO: NGOC THANG

World gold prices increased by 8 USD, to 3,375 USD/ounce. In the US trading session (night of August 25), the precious metal fell from 3,375 USD per ounce to 3,351 USD and then suddenly jumped to 3,387 USD. Gold prices are being supported to increase again, heading towards 3,400 USD/ounce. The current strength of this precious metal comes largely from expectations about monetary policy. According to CME's FedWatch tool, the market is predicting an 86% chance that the US Federal Reserve (Fed) will cut interest rates in September - a significant possibility reflecting widespread expectations of easing policy measures.

Markets are now looking ahead to Friday’s personal consumption expenditure (PCE) data, the Fed’s preferred inflation gauge. The report will provide key insights into the central bank’s policy considerations and could reinforce current expectations for a rate cut or prompt a reassessment of the path of monetary policy. The upcoming PCE release will determine whether gold can continue its recent rally or face renewed pressure. The current market action underscores gold’s continued role as an inflation hedge and monetary policy-sensitive asset, while also highlighting the complexities that determine the precious metal’s valuation in modern financial markets./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2682025-tang-sat-128-trieu-dong-luong-185250826085135143.htm

Source: https://baolongan.vn/gia-vang-hom-nay-26-8-tang-sat-128-trieu-dong-luong-a201376.html