Monday, August 22, 2022 15:27
Gold worth on the afternoon of August 22, gold worth at this time, replace gold worth information, home gold worth dropped concurrently.
Gold worth at this time, newest gold worth information, newest home and world gold worth updates.
World gold worth at this time
The world gold worth on the afternoon of August 22 tended to drop sharply within the afternoon session.
World gold worth now ends per week of buying and selling down greater than 50 USD/ounce. The sturdy greenback is now weighing on the dear metallic forward of the Jackson Gap financial symposium scheduled for later this week.
Many specialists say that it’s not stunning to see gold reacting so strongly to this specific impediment.
One of many massive catalysts this week was Fed Chair Jerome Powell’s ‘Financial Outlook’ keynote speech on the Jackson Gap convention.
Home gold worth at this time
The home gold worth at this time has dropped, the home gold worth has many sturdy fluctuations.
SJC gold worth in Hanoi and Da Nang space is at present listed at 66.2 million VND/tael purchased and 67.22 million VND/tael bought.
Whereas in Ho Chi Minh Metropolis, the worth of SJC gold continues to be shopping for on the identical stage as in Hanoi and Da Nang however promoting for lower than 20,000 dong.
SJC gold costs in Hanoi and Ho Chi Minh Metropolis are at present listed at 66.10 – 67.00 million VND/tael purchased and bought.
PNJ gold worth is at present listed at 51.55 – 52.55 million VND/tael purchased and bought.
The worth of 24K gold is at present listed at 51.15 – 51.95 million VND/tael purchased and bought.
Replace the most recent home gold worth record
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Gold worth forecast
The Fed’s ‘hawk’ stance is tied to market expectations, bond yields have now additionally rebounded, actual rates of interest are strongly correlated with gold costs.
In accordance with John Weyer, director of Walsh Buying and selling, in current occasions, the gold worth will increase have been short-lived, and he forecast that the gold worth will simply attain the extent of 1,715 USD/ounce.
The buck is more likely to proceed to interrupt forward of the Jackson Gap symposium and put strain on gold.
In accordance with the forecast, the assist stage of gold worth will fall to round $1,720/ounce after which drop to $1,700/ounce.