Gold price on August 29: Skyrocketing, hitting a 3-year peak

Gold price today, August 29, immediately after the opening of the trading session, increased sharply by 100,000 - 170,000 VND/tael. World gold price increased to the peak, breaking the resistance level of 1,300 USD/ounce.

Opening the trading session this morning (August 29), DOJI Group listed the price of SJC gold at 36.49 - 36.57 million VND/tael (buy - sell), an increase of 110 thousand VND in the buying price and an increase of 90 thousand VND in the selling price compared to the same time in yesterday's trading session.

SJC gold price at Bao Tin Minh Chau is listed at 36.48 - 36.54 million VND/tael, an increase of 100 thousand VND in both directions compared to yesterday. The price of round gold rings of Thang Long Dragon Gold is traded at: 35.62 - 36.07 million VND/tael (buy - sell).

At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars is listed at 36.43 - 36.68 million VND/tael (buy - sell), an increase of 100 thousand VND/tael for buying and 170 thousand VND for selling compared to the same time yesterday.

Gold prices today skyrocketed to new highs.

World gold price is currently listed at 1317.50 - 1318.50 USD/ounce

Gold price 9999 for December delivery increased by 14.70 USD/ounce to 1312.60 USD/ounce.

The price of gold has suddenly surged, reaching a 10-month high and breaking the resistance level of $1,300/ounce. The first resistance level is recorded at the intraday high of $1,313.30 and then at $1,320.00. The first support level is seen at $1,307.00 and then at $1,300.00.

Prices of other precious metals, silver, hit a 2.5-month high.

The USD index price in yesterday's trading session plummeted to a 15-month low. The world stock market was quiet. The reason was that investors were disappointed after the lackluster speech of Ms. J. Yellen - Chairwoman of the US Federal Reserve (Fed) at the recent conference of central banks in the US. Fed Chairwoman Janet Yellen did not give any new signals on monetary policy, leading investors to predict that the Fed will raise interest rates more slowly.

The exchange rate is gradually regaining strength, but has not yet recovered.

In addition, the latest speech by European Central Bank (ECB) President Mario Draghi pushed the euro to a two-and-a-half year high against the dollar. Mario said that the ECB's ultra-loose monetary policy is working, and the eurozone economy is maintaining its recovery momentum.

In the foreign exchange market, the central exchange rate announced by the State Bank on the morning of August 29 was 22,438 VND/USD, down 5 VND compared to the previous session. Vietcombank's USD exchange rate today is listed at 22,695 - 22,765 VND/USD (buy - sell), unchanged in both directions compared to the previous trading session.

According to Lao Dong Newspaper