Domestic and world gold prices both slightly decreased at the end of the week due to the possibility of an interest rate hike by the US Federal Reserve (FED).

Gold prices continued to fall on the world market on the morning of September 12 due to the possibility of a Fed interest rate hike. Domestic SJC gold prices also tended to decrease slightly.

Specifically, at 8:30 a.m. on September 12, in the Hanoi market, the price of SJC gold was traded by DOJI Group at around VND 34.00 million/tael (buy) - VND 34.10 million/tael (sell), a slight decrease compared to the previous session's close.

Domestic and world gold prices both decreased slightly at the end of the week

In the Ho Chi Minh City market, Saigon Jewelry Company listed the buying and selling prices of SJC gold at 33.90 - 34.15 million VND/tael, also slightly down in both directions compared to yesterday.

In the world market, gold prices have fallen to their lowest level in the past month and decreased for the third consecutive week. According to Kitconews, Comex gold price for December delivery closed last night at 1,103.30 USD/ounce.

Gold prices fell 1.7% last week as investors remained uncertain about the timing of the US Federal Reserve's first interest rate hike in nearly a decade.

According to VOV