Gold prices recovered some of the losses in the previous trading sessions amid a slight decline in the US dollar and rising US Treasury yields. Gold prices were at $1,890 an ounce in Asian trading on the morning of August 18, showing signs of recovery after falling for a fourth consecutive week. A weaker US dollar contributed to the recovery in gold prices.

Gold price today (August 18) increased slightly after 4 consecutive weeks of decrease. Photo: news18.com

Concerns about market risks, rising US Treasury yields and the People's Bank of China's recent surprise cut in key interest rates are factors that have caused the greenback to weaken slightly and affected the overall trajectory of gold prices.

Domestically, SJC gold in Hanoi and Ho Chi Minh City was traded at VND67.05 million - VND67.67 million/tael, an increase of VND50,000/tael compared to the previous day.

DOJI gold is sold at 67.7 million VND/tael, an increase of 50,000 VND/tael compared to yesterday afternoon, but the buying price in Ho Chi Minh City and Hanoi has a slight difference compared to yesterday, fluctuating at 66.95 million VND/tael.

Meanwhile, after a sharp decrease of VND100,000/tael yesterday afternoon, PNJ Saigon and Hanoi gold today was listed at VND55.9 million/tael for buying and VND56.9 million/tael for selling.

NGUYEN LINH

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