Gold worth at midday on August 23: Persevering with to plunge sharply
duonghanhnguyen 23-08-2022, 12:02


Tuesday, August 23, 2022 11:25

Gold worth on the afternoon of August 23, up to date with the newest gold worth information, home and world gold costs continued to plunge sharply.



Gold worth in the present day, the value of gold within the nation and the world up to date to the newest, the value of gold concurrently continued to plunge sharply, home gold returned to round 67 million dong/tael.

World gold worth in the present day

The world gold worth in in the present day’s session on August 23 continued to say no when the gold futures worth in October dropped by 14.4 USD to 1,738.8 USD/ounce.

The world spot gold worth in the present day stands at 1,738 USD/ounce.

Gold worth at midday on August 23: Persevering with to plunge sharply
The world gold worth plummeted quickly. Photograph: Kitco

Within the first buying and selling session of the week, the gold market on the earth was below robust strain due to the rise of the dollar.

The US Greenback Index (DXY) which measures the volatility of the dollar with six main currencies (EUR, JPY, GBP, CAD, SEK, CHF) elevated by 0.73% to close 109, the best stage in historical past. over the previous 20 years.

Home gold worth in the present day

The home gold worth in the present day, August 23, concurrently oriented downward.

SJC gold worth in the present day was adjusted down 200,000 VND in comparison with the daybreak of the day past.

Gold costs within the nation and on the earth concurrently fell and fluctuated barely. Photograph: Web

With this adjustment, SJC gold worth in Hanoi and Da Nang space is at the moment standing at 66.10 – 67.00 million VND/tael purchased and offered.

PNJ gold worth is at the moment listed at 51.50 – 51.50 million dong shopping for and promoting.

The worth of 24K gold is at the moment listed at 51.10 – 51.90 million VND/tael purchased and offered.

Replace the newest gold worth listing

> MORE: The rationale the value of gasoline didn’t drop to just about 23,000 VND/liter

Gold worth forecast

Gold, historically seen as a retailer of worth, underperformed regardless of its largest inflation in 40 years, in line with Bloomberg Intelligence senior commodity strategist Mike McGlone.

Even so, in comparison with most different commodities, gold costs are at the moment persevering with their pattern of higher efficiency.

In accordance with this skilled, the 2 largest obstacles for gold in early 2022 are the robust greenback and the optimistic stance of the Fed. Nevertheless, the result for gold might be a stable worth base.

McGlone identified that the spike in power prices through the yr led to an accelerated path of rate of interest hikes.

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