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Báo Lao ĐộngBáo Lao Động20/11/2024


Bao Tin Minh Chau listed the price of gold rings at 76. 28-77. 48 million VND/quan (buy in - sell out), increasing by 250,000 VND/cuan both buying and selling.

Recently, the price of gold rings has been fluctuating in line with the market. the worldInvestors can consult the world market and expert opinion before making an investment decision.

World gold prices

As of 6 a. m. on August 10, the world's gold price was trading at $2,430 per ounce in Kitco, up $5 from early yesterday morning.

Diễn biến giá vàng thế giới. Nguồn: Kitco
Changes in the world price of gold.

Gold price forecast

World gold prices rose against the backdrop of a slight decline in the U. S. dollar index, which was recorded at 6 am on August 10. The US Dollar Index measured fluctuations in blue silver with six major currencies at 102,980 points (down 0. 04%).

Gold prices rose amid strong demand for safe assets and growing expectations of a significant U. S. Federal Reserve (FED) rate cut in September 2024.

Financial firms including J. P. Morgan, Citigroup and Wells Fargo have forecast that the Fed will cut interest rates by 50 basis points in September 2024 following last week's U. S. jobs data. [citation needed] According to CME's FedWatch tool, markets predict a 72% probability of an interest rate reduction of 50 basis points during September, up from 70% on August 5, along with another round of cuts expected in December 2024.

Alex Ebkarian, chief executive officer of Allegiance Gold, said the outlook for gold remained strong.

Meanwhile, tensions in the Middle East continue to boost gold prices. political And they tend to thrive in a low-interest environment.

Highlights of next week's economic data include the release of US PPI for July on Tuesday, followed by US CPI for July on Wednesday, US retail sales in July and weekly unemployment benefit applications on Thursday, and number of US startups and building permits for July on Friday morning. .

Investors are also waiting for the Fed's interest rate decision in September to make a decision.


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See also https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-sang-108-chot-tuan-bien-dong-cho-du-lieu-moi-1378495.ldo

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