Gold prices climb above $4,000 as Fed holds rates and PCE data eases inflation

gold price Federal Reserve PCE data Vietnam USD

The U.S. Federal Reserve voted 9‑3 to keep interest rates unchanged, while the 30‑year Treasury yield rose to its highest level since 2007. Core PCE inflation slipped 0.1 % in June, and the dollar weakened, supporting a rise in spot gold to around $4,095‑$4,105 per ounce on July 31. Gold posted a 1.7 % gain for July, marking its first monthly advance since February. In Vietnam, major dealers such as SJC listed gold‑bar prices near 138.5‑142.5 million VND per tael, with similar rises across other local outlets. In India, the gold price fell to 12,501 INR per gram. Meanwhile, Commerzbank lowered its year‑end gold forecast to $4,500 per ounce, citing ongoing geopolitical tensions in the Middle East and a strong U.S. dollar as headwinds.

Entities: Bank of Japan · Commerzbank · Federal Reserve · Gold · Gold · Gold (commodity) · Gold (commodity) · Gold (precious metal) · JP Morgan Wealth Management · Kevin Warsh · Kitco · Ole Hansen

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] Gold‑ring prices fell less, leaving buyers with an estimated loss of 7‑8 million VND per tael. (article IDs 8ec82b2f-fb84-4e17-bbc0-b464d7523871, 8bd91480-08bb-4680-a6d8-e6b61bcec8b8)
[● 2 SOURCES] Buy‑sell spread for gold bars and rings in Vietnam typically ranges from 3 million to 4 million VND per tael. (article IDs d877c55a-3eba-4a4b-8a6e-8b41156cd86e, 24c49955-167a-47d6-95b1-3a74d91, d5575a45-69a7-4da9-a6db-771c1eea98b5)
[● 3 SOURCES] Buy‑sell spread for gold‑bar SJC caused short‑term buyers to lose about 9.7‑10 million VND per tael. (Supported by articles 8ec82b2f, 5f6e9616.)
[○ 1 SOURCE] Vietnam’s gold price peaked at 190.9 million VND per tael on 2 March 2026, now down to roughly 137‑141 million VND per tael. (Supported by article 5f6e9616.)
[● 2 SOURCES] Vietnam’s central bank kept the official USD exchange rate at 25,283 VND per USD. (Supported by article 8ec82b2f.)
[● 4 SOURCES] International spot gold price on 27 July 2026 was around $4,080‑$4,100 per ounce. (Supported by articles 53102487, d5575a45, c0215b1c.)
[● 6 SOURCES] Gold‑bar (SJC) price range on 27 July 2026 was 137.5‑141.5 million VND per tael. (Supported by articles 588b35c8, dec50745, 53102487, d5575a45.)
[● 3 SOURCES] Analysts expect gold price to remain range‑bound in the near term, with no strong breakout anticipated. (article IDs d877c55a-3eba-4a4b-8a6e-8b41156cd86e, 0624ab1d-9ee0-4ed1-ac5d-8946e45df495, d5575a45-69a7-4da9-a6db-771c1eea)
[○ 1 SOURCE] Vietnamese gold prices rose for the fifth consecutive trading session on 27 July 2026. (Supported by article 5653a0c4.)
[● 2 SOURCES] International gold spot price rose by $30‑$35 to about $4,100 per ounce on 27 July 2026. (Supported by articles 53102487, d5575a45, c0215b1c.)
[● 4 SOURCES] The State Bank of Vietnam kept the VND/USD central rate at 25,306 đồng per US$ on 29 July 2026. (1a106830-2b3f-4d28-9226-7d17f1a04e17)
[● 3 SOURCES] Market participants assessed a 71 % probability that the Federal Reserve would keep rates unchanged at its meeting that week. (1a106830-2b3f-4d28-9226-7d17f1a04e17)