At around 6:00 a.m. on August 13, the world gold price today was trading at 2,474 USD/ounce, a sharp increase of 44 USD compared to the previous day's opening price of 2,430 USD/ounce.

Mr. Jim Wycoff, senior analyst at Kitco Metals, commented that world gold prices are rising in the context of increased demand for safe haven capital in this precious metal, and crude oil prices are heating up due to the tense geopolitical situation in the Middle East.

Another development is that the market is waiting for the US to release the producer price index (PPI) and consumer price index (CPI) to get a better understanding of inflation trends.

Currently, the market forecasts that PPI and CPI both increased by 0.2% compared to the previous month. This data makes financial investors expect the US to cut interest rates by 0.5% in September 2024. At that time, the USD will depreciate sharply, which is beneficial for the gold market.

Therefore, at this time, many people have increased their gold purchases in the hope of making a profit in the future. The sharp increase in gold prices in the world today is understandable.

Previously, in Vietnam, the price of SJC gold on August 12 remained unchanged at 78.5 million VND/tael. The price of gold rings produced by SJC and PNJ companies was 77.6 million VND/tael.