Gold prices fluctuate amid Fed rate hikes and global market shifts

gold prices SJC gold market volatility Federal Reserve interest rates precious metals

Gold prices in Vietnam and globally have experienced significant volatility following the Federal Reserve's decision to raise interest rates by 0.25 percentage points. In the domestic market, major brands including SJC, DOJI, PNJ, and Phu Quy have seen fluctuations in both gold bars and rings. On September 19, domestic gold prices showed strong upward movement, with SJC gold bars reaching levels around 144.6 - 147.6 million VND per tael.

Globally, gold prices have trended toward the 4,400 USD per ounce mark, supported by a weakening US dollar and declining US Treasury yields. Analysts suggest that falling oil prices have also helped ease inflation concerns, providing a tailwind for precious metals. Despite the interest rate hike, market participants appear to have largely priced in the Fed's actions, leading to a recovery in gold prices as investors react to the broader economic landscape, including potential shifts in future monetary policy and geopolitical tensions in the Middle East.

Entities

Bao Tin Minh Chau · Doji · FTSE Russell · Federal Reserve · New York Stock Exchange · PNJ · SJC · Vietnam

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] DOJI gold ring prices decreased by 500,000 VND per tael. baolaocai.vn
[○ 1 SOURCE] The gap between domestic SJC gold and global gold prices narrowed. baolaocai.vn
[● 2 SOURCES] SJC gold prices in Vietnam decreased by 700,000 VND per tael on September 18. baolaocai.vn
[● 2 SOURCES] Global gold prices experienced a recovery during the recent session. baolaocai.vn
[● 2 SOURCES] SJC gold buying price was 142.8 million VND/tael and selling price was 145.8 million VND/tael on September 18. baolaocai.vn
[○ 1 SOURCE] Global gold prices were trading at approximately 4,342.1 USD per ounce on the morning of September 18.
[DISPUTED] Global gold prices were trading at approximately 4,379 USD per ounce on September 19. baogialai.com.vn · giaoducthoidai.vn · thoibaotaichinhvietnam.vn
[○ 1 SOURCE] Domestic gold bar prices rose to 144.6-147.6 million VND/tael on September 19. baogialai.com.vn
[● 3 SOURCES] The Federal Reserve raised interest rates by 0.25 percentage points. thoibaotaichinhvietnam.vn
[DISPUTED] SJC gold bar prices were listed at 144 million VND for buying and 147 million VND for selling on September 18. giavang.net
[● 3 SOURCES] The gap between domestic gold prices and global prices was approximately 8.8 million VND per tael. baogialai.com.vn · giaoducthoidai.vn · thoibaotaichinhvietnam.vn