Gold Prices Go Down

The price of gold at Saigon Jewelry Company went down by 0.36% to VND139.5 million per tael. This is equal to US$5,299.95. The price change happened recently. The new price is now known.

Gold prices in Vietnam have gone down by 5.42% this week. They are still higher than global prices by about VND10 million per tael. This is the current situation.

The price of a gold ring also went down by 0.36% to VND138.5 million per tael on Friday. One tael is equal to 37.5 grams or 1.2 ounces. This is a unit of measurement. Gold prices are changing.

Globally, gold prices went down on Friday after falling 2% the day before. This happened because Brent crude oil prices went above $100 a barrel, which made people worry about inflation and higher interest rates.

The price of gold went down by 0.4% to $4,030.09 per ounce. This is a big change. Gold prices were down more than $130 from a two-week high. Gold futures for August were 0.4% lower at $4,033.20. These are the current prices.

A manager at GoldSilver Central said, 'We think gold prices will be volatile in the short term. Gold has been trading between $3,980 and $4,170 for weeks.' He also said, 'When prices go close to $4,000, big buyers come to buy it back up.' This is what he thinks will happen.

Brent crude oil prices went up by 7% on Thursday, breaking $100 a barrel for the first time since May. This makes people worry about inflation and higher interest rates, which affects gold prices.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

Pagsasanay sa pakikinig