Gold Price Today August 30: After The Decision Of The Golden Fed Continues To Increase The Price

Gold price today (August 30), in the world market continued to increase with 3 sectors. The US Federal Reserve (FED) said it would be possible to narrow the bond purchase program with a current scale of $ 120 billion per month before the end of this year but not yet hasty to raise interest rates immediately afterwards. Caution information from the FED has caused gold price to increase Update: 00/3: 9 south gold price rise after the FED tightened the amount of bonds at the end of the year. Artwork. Early session this morning, in Asia market, at 8:30 pm (Hanoi time), the world gold price delivered around USD 1,822 / ounce, an increase of more than 5 USD / ounce compared to the closing Transaction last weekend

. The last session last week, when the world gold price has increased by more than 25 USD / ounce compared to the previous session. SJC gold price in the domestic freedom market increased sharply compared to the previous session, businesses still sealed Crossing the price and the difference to buy - sell quite wide. Specifically, at 8:30 pm, SJC gold price in Ho Chi Minh City Trading - sell around 56
6 - 57.3 million dong / tael. SJC gold price in Hanoi and Da Nang transactions to buy - sell in about 56.6 - 57.32 million dong / tael. The above markets increased by VND 150,000 / tael in the afternoon of buying and selling compared to the previous latch. The difference of buying - selling is VND 700,000 / tael. SJC gold price at Doji Group, listed on the Hanoi market - sold around 56.5 - 57.5 million dong / tael, passing the purchase side and Afternoon sold compared to the previous latch
Buying differences - sold at 1 million dong / tael. At Phu Quy Company, Gold price SJC listed on Hanoi market - sold at 56.6 - 57.6 million VND / tael, passed by Afternoon buying and selling compared to the previous latch. The buying difference - selling is 1 million dong / tael. Specifically, the price of gold rings smooth smooth rings was listed by Phu Quy Company (buy - sell) at 50.4 - 51.5 million dong / tael, passing the purchase and afternoon selling compared to the previous session. The difference of buying and selling is 1.1 million dong / tael. Lead 24k gold company Vietnam Gold Company trading around 50-22 million dong / tael, listing on the price compared to the previous session. The difference of buying - selling is 2 million VND / tael. The world gold price has increased sharply last weekend and earlier this week is due to the cautiousness of the FED in operating monetary policy. President Fed - Mr. Powell has a speech at the Jackson Hole Conference last. He said, although the pandemic still has a complicated situation, the US economy in general and the labor market in particular has made positive signals. However, the pandemic still has the potential risk of instability to the US economy. The Fed may narrow the program to buy corporate bonds with the current scale of $ 120 billion in the last month. However, it is only a reduction in buying and not ending. After the Fed stopped buying bonds, it was not yet started to raise the basic interest rate of the dollar. Powell said that the FED is more cautious in operating monetary policy so is due to new variants, especially Delta, Being raged in the US, which could cause the US economy to slow down in the last months of the year. After the Fed's decision, US government bond yields and USDs will not be able to benefit from tightening monetary policy. Therefore, gold is still purchased by investors to stay in cash flow and also a safe investment channel when the economy has the risks.

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