Gold worth at midday on August 19: Falling with out brake
doyen1988 19-08-2022, 12:18


Friday, August 19, 2022 11:52

Gold worth as we speak August 19, replace the newest gold worth information, the newest home and world gold costs, gold plummeted with out stopping when the greenback rose.



Gold worth as we speak, replace the newest gold worth information, home and world gold costs concurrently dropped with out brake when underneath the stress of USD.

World gold worth as we speak

The world gold worth as we speak, August 19, is at present listed on the Kitco ground at 1,754 USD/ounce.

The world spot gold worth has dropped by 9 USD/ounce in comparison with final evening. In the meantime, the worth of gold for December supply on the Conmex New York ground is at present standing at 1,768.1 USD/ounce, down 1.9 USD/ounce in comparison with final evening.

Gold worth at midday on August 19: Falling with out brake
The world gold worth fell with out stopping. Photograph: Kitco

The world spot gold worth at present stands round $1,755 per ounce, the December spot worth on Comex New York is at present standing at $1,770 per ounce.

The world gold worth is at present on a downward pattern after the US greenback appreciated within the context that the US labor market continues to be fairly vibrant.

In response to the state of affairs that the variety of folks submitting for unemployment advantages by week dropped by 2,000 folks to 250,000 folks for the week ended Saturday. That is thought-about a somewhat stunning quantity for many individuals.

Home gold worth as we speak

Home gold worth as we speak August 19, SJC gold decreased by 100 thousand dong/tael within the shopping for and promoting course in comparison with the tip of yesterday’s buying and selling session.

The home gold worth fluctuated strongly earlier than the world gold worth. Photograph: Web

SJC gold worth in Hanoi is at present listed at 66.20 million VND/tael – 67.22 million VND/tael purchased and bought.

Doji gold worth in Hanoi is at present listed at 66.15 million VND/tael – 67.15 million VND/tael purchased and bought.

SJC gold in Ho Chi Minh Metropolis is at present listed at 66.20 million dong/tael – 67.20 million dong/tael purchased and bought.

Replace the newest home gold worth listing

Gold worth forecast

Gold worth forecast, if the Fed acts strongly and shortly will increase rates of interest at its assembly in September, the USD will proceed to understand, negatively impacting gold costs.

Within the minutes of its newly launched July coverage assembly, the Fed acknowledged inflation as a big danger to the economic system and can proceed to deal with its goal to convey it right down to 2%.

Inflation within the US is at present at an ‘unacceptable’ degree and far greater than the Fed’s goal of two%.

Nonetheless, gold continues to be forecasted to have a powerful rally once more, and international locations are nonetheless able to pump cash into the market to help the economic system when there are indicators of recession.

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