The US Federal Reserve (Fed) has decided to leave its benchmark interest rate unchanged for the seventh consecutive month. The move has been widely regarded as a difficult but sensible decision, as the US seeks to contain persistently high inflation while also easing pressure on consumer prices.

Global gold prices on July 13 continued to fall sharply to 4,077.9 USD per ounce as markets increasingly expected the US Federal Reserve (Fed) to maintain interest rates at a high level. Domestically, SJC gold bar prices dropped by 1.5 million VND per tael, with buying and selling prices listed at 145.4 million VND and 148.4 million VND per tael, respectively.

The US Federal Reserve (Fed) has decided to cut its benchmark interest rate by 0.25 percentage points, lowering its policy rate to 4–4.25%. Economists view this as a positive signal for Viet Nam, easing exchange rate pressure, reducing capital costs, attracting international capital inflow, and expanding the room for monetary policy manoeuvre.

World gold prices on July 31 reversed and plummeted after the US Federal Reserve (FED) decided to keep interest rates unchanged, trading at 3,303.9 USD per ounce. Domestically, SJC gold bar and gold ring prices also decreased following world prices, traded at 121.4 million VND per tael and 117.1 million VND per tael, respectively.

In the past weekend, member of the Board of Governors of the Federal Reserve (FED) Christopher Waller warned that the FED may have to raise interest rates higher than expected if related issues cannot be cooled down. It shows that the world's No.1 economy is still facing difficulties and this move will cause many consequences for the global economy.

The International Monetary Fund (IMF) warned that central banks must act decisively to bring inflation back to target levels, as this key economic indicator is now at its highest level in decades.