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 recovered on July 3, exceeding 4,100 USD per ounce as weak employment data reduced expectations that the US Federal Reserve (Fed) would raise interest rates. In the domestic market, SJC gold bar prices surged by 3 million VND per tael, with buying and selling prices listed at 148.4 million VND and 151.4 million VND per tael, respectively.

World gold prices on August 5 reversed to increase, driven by market expectations that the US Federal Reserve (FED) will cut interest rates in September, trading at 3,352.6 USD per ounce. Domestically, SJC gold bars and rings increased by 500,000 VND per tael, listed at 123.8 million VND per tael and 119.3 million VND per tael, respectively.

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.