Gold Price Today August 13: Infrastructure Investment Package Predicts ‘blowing Out’ Inflation, Favorable Gold Up

This morning (August 13), the world gold price continued to increase after information 2 financial packages was approved by the US Senate. With a terrible amount of expected to flow into the market up to 4,700 billion USD, it is expected to 'blow out' inflation in: 00/2: 43nam south gold price world still increased, in the horizontal water. Photo illustration. The trading session last night - this morning (Hanoi time), the world gold price spot in the US market stood at 1,752 USD / ounce, up more than 1 USD / ounce compared to the previous latch at This market. In the morning, in the Asian market, at 8:40 (Hanoi time), the world gold price delivered around 1,755 USD / ounce, an increase of more than 6 USD / ounce compared to the same time This is in the morning

. SJC gold price in the domestic market this morning has no volatility compared to yesterday's closing. Specifically, at 8:40, SJC gold price in Ho Chi Minh City Trading - selling around 56.4 - 57
1 million dong / tael. SJC gold price in Hanoi and Da Nang transactions to buy - sell in about 56.4 - 57.1 million dong / tael. The above markets moved sideways in the afternoon of buying and selling compared to the previous latch. Buying and selling differences are VND 700,000 / tael. Compared to the opening of the morning session, these markets increased VND 200,000 / tael. SJC gold price at Doji Group, listed on the Hanoi market - sold around 56.15 - 57.7 million VND / tael , walk sideways in the afternoon to buy and sell compared to the previous latch
The purchase and sale difference remains at 1.45 million dong / tael. In Phu Quy Company, the price of gold pieces of SJC listed on the Hanoi market to buy - sell at 56.4 - 57.4 million dong / tael , walk sideways in the afternoon to buy and sell compared to the previous latch. Buying differences - selling is 1 million dong / tael. Compared to the opening of the morning session, the unit has increased by 100,000 dong / tael. This rings increase compared to the previous latch. Specifically, the price of Phu Quy 24K gold rings was listed by Phu Quy Company (purchased - sold) at 49.8 - 51.1 million dong / tael, passing the purchase and afternoon selling compared to yesterday. The difference in buying - selling is 1.3 million dong / tael. Lead 24k gold company Vietnam gold trading around 50-22 million dong / tael, the price listed with the previous session. The difference of buying - selling is 2 dong / tael. The 1,200 billion USD infrastructure investment law has just been approved by the US Senate that is making controversies, that it will "blow the fire" inflation capital Rising highly. The analysis said that the long-term infrastructure investment package will increase the supply of the US economy and help limit inflation at a low level. However, in the short term it affects the opposite, with large amounts of money pouring into projects during construction and construction will put pressure on the economy which has a high inflation rate in recent months this. Only when the works go into use, the time of participating in traffic increases to help the economy produce the same amount of goods and services, then this package has reduced inflation. Fears about inflation have helped gold continue to rise.

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