#US Federal Reserve

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Gold price increases non-stop on August 5
Market

Gold price increases non-stop on August 5

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.

Infographic: World and domestic gold prices decrease sharply on July 31
Market

Infographic: World and domestic gold prices decrease sharply on July 31


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.

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