Gold price today August 28: Continue to increase

(NLDO) – Gold prices today, August 28, have not stopped increasing after President Donald Trump criticized the US Federal Reserve (Fed) for its interest rate policy.

Gold price today has not stopped increasing

As of 6:00 a.m. on August 28 (Vietnam time), the price of gold today on the international market reached 3,397 USD/ounce, up 22 USD compared to the lowest level in the trading session last night (3,375 USD/ounce). The price of gold for December delivery also increased by 3 USD, reaching 3,436 USD/ounce.

The gold market is reflecting investor caution amid political and economic uncertainty. President Trump’s repeated criticism of the Fed’s interest rate policy, along with the firing of a Fed governor, has raised concerns about the agency’s independence, boosting demand for safe-haven assets like gold.

In addition to the Fed-related factors, the market's focus today is on Nvidia's Q2/2025 earnings report. As the world's largest company by market capitalization, Nvidia plays an important role in shaping market sentiment. Equity investors are preparing for strong volatility, not only in the stock market but also potentially spreading to financial markets and commodities, including gold.

On August 29, investors will focus on the US personal income and spending report, in which the personal consumption expenditures (PCE) price index - the Fed's preferred inflation measure - is expected to increase 2.6% compared to the same period last year. The core PCE index (excluding food and energy) is forecast to increase 2.9%. These figures will provide important clues about the direction of the Fed's interest rate policy, which will have an impact on the trend of world gold prices.

In Vietnam, at the end of August 27, SJC gold was sold at 128 million VND/tael, while ring gold was sold at 122.4 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-28-8-tiep-tuc-tang-196250828062821205.htm