Gold bar trading locations simultaneously adjusted the price of pure gold on the morning of September 18, bringing each amount sold to exceed 69 million VND. At 1 p.m., SJC Jewelry Company listed the price for buying and selling gold bars at 68.5 - 69.2 million VND per tael, with a difference in buying and selling of 700,000 VND per tael. The price of gold bars at DOJI Jewelry Group is 68.4 - 69.25 million VND. At Phu Nhuan Jewelry Company (PNJ), the listed price is 68.7 - 69.2 million.

Gold rings fluctuated between 56.7 and 57.7 million VND per tael, an increase of 200,000 VND compared to the weekend.

During the period from March to August, the domestic gold price remained flat despite fluctuations in the world and sometimes reached nearly 2,000 USD an ounce. However, in the last two months, gold bar prices have been on an upward trend and have increased by 2 million VND per tael, equivalent to an increase of about 3%.

The world spot price of gold is currently trading below 1,930 USD per ounce, equivalent to 56.8 million VND per tael. If converted according to Vietcombank's selling exchange rate, each amount of international gold is 12.3 million VND lower than the domestic price.

This week, the US Federal Reserve (Fed) will begin its 6th policy meeting of the year, voting on changes related to monetary policy, including increasing, maintaining or cutting interest rates. capacity. The expectation of economists and the financial industry is that the Fed will not raise interest rates after 11 hikes since March 2022. Reference interest rates in the US are currently at their highest level in 22 years , after the most recent increase in July. Accordingly, the scenario that the Fed will stop raising interest rates is expected to trigger gold prices to continue to increase.

Bloomberg 's poll of investors including national asset managers and hedge funds shows that they will not reduce their gold holdings but will maintain or increase them in the next 12 months.

In recent days, the USD in the international market has weakened somewhat but is still at its highest price in half a year. Domestically, bank and free exchange rates are at the highest level in the past 9 months.

Bank USD price today increased slightly compared to the weekend, trading around 24,060 - 24,430 VND. On the free market, some foreign exchange points adjusted the USD buying price to 24,220 VND and the selling price to 24,280 VND per USD.

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