Gold Prices Go Down After Rising in the Morning

The price of gold at Saigon Jewelry Company went down by 0.68% to VND146 million per tael. The price of gold is also down 0.27% for the day.

The price of a gold ring is now VND145 million per tael, which is 0.28% less than on Tuesday. One tael is equal to 37.5 grams or 1.2 ounces.

Gold prices went up around the world on Wednesday. This happened because some people were buying gold to be safe and because of some technical reasons. People are also waiting to see what the U.S. Federal Reserve will do next week.

The price of gold went up by 0.9% to $4,112.29 per ounce. It was the highest price since July 7. The price of gold for August also went up by 1% to $4,116.80.

Some people are worried that higher oil prices could make inflation go up and keep interest rates high. But others think that if the U.S. and Iran can make peace, oil prices might go down. This is making gold prices go up.

The price of gold might go down again because of changes in energy prices. But for now, the $4,000 per ounce price is still a strong support level.

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