Gold value at midday on August 4: Home gold plummeted
Thursday, August 4, 2022 11:10
Gold value at midday on August 4, the newest gold value information, home and world gold costs fluctuated wildly, once they fell sharply.
Gold value right now, the newest gold value information, home and worldwide gold costs all dropped sharply as a result of Treasury yields and US Greenback Index rose.
World gold value right now
The world gold value listed on Kitco right now is presently listed at $1,770.5 per ounce.
The worth of spot gold final traded is presently standing at 1,764.5 USD/ounce, down 6.2 USD in comparison with the daybreak of the day past.
The world treasured steel market in mid-week session is presently beneath robust strain as a result of Treasury yields in addition to US Greenback Index enhance and crude oil costs fall.
U.S. Treasury yields have now rebounded after a collection of statements by Federal Reserve officers this week to remind them of their plans to proceed with aggressive charge hikes in an effort to spice up rates of interest. cut back value inflation.
Home gold value right now
The home gold value right now, August 4, has circled and dropped sharply when it stood at a lower of 1.4 million dong to 1.85 million dong/tael on the promoting facet. With this adjustment, the home gold value has fallen to round 67 million VND/tael offered.
Thus, after a collection of accelerating days, the SJC gold value this morning was adjusted down by 1.4 million dong/tael in each instructions.
SJC gold value is presently listed at 66.40 – 67.40 million VND/tael purchased and offered.
PNJ gold value is presently buying and selling at 52.40 – 53.40 million VND/tael purchased and offered.
24K gold value is presently buying and selling at 52.00 – 52.80 million VND/tael purchased and offered.
The worth of 18K gold is presently buying and selling at 38.35 – 39.75 million VND/tael purchased and offered.
Replace the newest home gold value listing
> MORE: Gasoline costs right now on August 4: All of the sudden, shortly reversed and didn’t have time to react
Gold value forecast
The drop in US bond yields has supported gold in latest days, and the subsequent key information for the valuable steel is as a result of US jobs report, mentioned UBS analyst Giovanni Staunovo. introduced on 5/8.
Gold costs have benefited from a collection of dismal financial information launched not too long ago.
Traders have been maintaining an in depth eye on macroeconomic indicators since Chairman Powell mentioned future rate of interest selections can be decided by these information.
In line with ED&F Man Capital Markets analyst Edward Meir, gold may transfer barely greater to the $1,800 common per ounce because the greenback weakens all through August as extra US macro information begins to come back in. appears worse.
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