In last night’s trading session, the world gold price decreased from 2,352 USD/ounce to 2,338 USD/ounce.
Gold price today in the world dropped after the US announced the annual core personal consumption expenditure (PCE) price index increased by 2.7%, 0.1% higher than the forecast increase of 2.6%.
This data shows that inflation remains high and has weighed on gold prices, reducing expectations for interest rate cuts by the US Federal Reserve (FED).
Accordingly, the USD-Index increased again to 105.8 points. The USD increased in value compared to 6 other strong currencies, including: Euro, JPY (Japanese Yen), GBP (British Pound), CAD (Canadian Dollar), SEK (Swedish Krona) and CHF (Swiss Franc).
Faced with inflationary pressure and the increase in USD prices, gold speculators have aggressively sold out. The world gold price in last night’s trading session dropped from 2,352 USD/ounce to 2,338 USD/ounce and closed the weekend at this price.
Previously, in Vietnam, SJC gold price on April 26 increased by 600,000 VND/tael, closing at the end of the day at 85.2 million VND/tael. The price of gold rings also increased by 500,000 VND/tael, to 75.5 million VND/tael.
