Verification: a0d6e82a7952e405

LFHCK a.k.a LiFeHaCK

Gold Holds Tight to Historic Highs

Published by

TEDDIE

on

Gold bar prices in Vietnam stayed stable at an all-time high on Tuesday morning.

The gold bar from Saigon Jewelry Company remained stable at 125 billion VND (approximately US $4,750.59).

The cost of a gold ring remained steady at 119.5 billion VND per taels.

Gold remained stable on Tuesday as investors looked forward to the Federal Reserve’s Jackson Hole conference later in the week for hints about potential interest rate reductions, while also considering ongoing developments in Washington regarding ending the conflict in Ukraine,
Reuters
reported.

Gold prices increased by 0.2% to reach $3,337.62 per ounce. U.S. gold contracts for December shipment climbed 0.1% to $3,381.50.

“Gold remains in a consolidation phase and is eagerly awaiting a new trigger to move upwards. I believe the key event to monitor is Jackson Hole, and whether the Federal Reserve offers accommodative signals or not,” stated Kyle Rodda, financial market analyst at Capital.com.

Gold usually shows strong performance when interest rates are low and during times of increased uncertainty.

Discover more from LFHCK a.k.a LiFeHaCK

Subscribe to get the latest posts sent to your email.

Leave a Reply

Previous Post
Next Post

Recent posts

Quote of the week

"People ask me what I do in the winter when there's no baseball. I'll tell you what I do. I stare out the window and wait for spring."

~ Rogers Hornsby

LFHCK a.k.a LiFeHaCK

About

Lifehack Your Life is a simple content personal blogger from everywhere.

Topics

Made with 🩷 in Yogyakarta Indonesia

Share This

Share This

Share this post with your friends!

Discover more from LFHCK a.k.a LiFeHaCK

Subscribe now to keep reading and get access to the full archive.

Continue reading