Gold Prices Surge to One-Month High as US Dollar Weakens

gold price US dollar SPDR Gold Trust Vietnam gold USD/VND

Spot gold rose sharply on 6 August, reaching $4,285.69 per ounce – the highest level since mid‑February – as the U.S. dollar weakened and U.S. Treasury yields fell. The rally was supported by a partial Hormuz corridor agreement between Iran and Oman, which eased oil‑price concerns, and by lower expectations for further Federal Reserve rate hikes.

The world’s largest gold‑holding fund, SPDR Gold Trust, bought a net 4.85 tonnes of gold, lifting its total holdings to 1,014 tonnes. In Vietnam, the price of the SJC gold bar climbed above 143 million VND per tael, narrowing the gap with the international price, while the State Bank of Vietnam kept the central VND/USD rate at 25,405 VND per dollar. The USD Index (DXY) slipped to about 99.7, near a six‑week low, and local banks such as Vietcombank listed USD buying rates around 26,080 VND.

These movements reflect a broader shift toward safe‑haven assets, with investors drawn to gold amid a softer dollar, lower yields, and easing geopolitical tensions.

Entities

HPT – UPCOM · Japanese yen · SPDR Gold Trust · State Bank of Vietnam · U.S. dollar · US dollar · Vietcombank · Vietnam · Vietnam Digital Banking Industry · Vietnamese digital banks · Vietnamese gold market · Vietnamese pork market

Claims

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

[○ 1 SOURCE] Iran and Oman reached a partial agreement to reopen the Hormuz shipping lane, easing oil‑price concerns. cafef.vn
[○ 1 SOURCE] U.S. Treasury yields fell, reducing the opportunity cost of holding gold. cafef.vn
[○ 1 SOURCE] Vietnam’s SJC gold bar price reached above 143 million VND per tael on 6 August. tienphong.vn
[○ 1 SOURCE] SPDR Gold Trust bought a net 4.85 tonnes of gold, raising its holdings to 1,014 tonnes. cafebiz.vn
[○ 1 SOURCE] Vietcombank listed USD buying rates around 26,080 VND per dollar on 6 August.
[○ 1 SOURCE] Spot gold rose to $4,285.69 per ounce on 6 August, the highest level since mid‑February. cafef.vn
[○ 1 SOURCE] The State Bank of Vietnam set the central VND/USD rate at 25,405 VND per dollar on 6 August. baoquocte.vn
[○ 1 SOURCE] The USD Index (DXY) fell to about 99.7, near a six‑week low. giadinh.suckhoedoisong.vn