Gold Price Recovers Positively After BOE Interest Rate Decision

The gold market showed signs of recovery on September 18 after the Bank of England decided to keep interest rates unchanged at 3.75% in its latest monetary policy meeting.

According to Laodong.vn, Saigon SJC Jewelry Company listed the price of gold rings at 142.5 - 145.3 million VND/tael (buying - selling), unchanged compared to the previous trading session closing.

The buying-selling difference is at 2.8 million VND/tael, with DOJI Group listing gold ring prices at the threshold of 142.5-146.5 million VND/tael (buying - selling), adjusting down 500,000 VND/tael in both directions compared to the closing session yesterday.

The global market is also recovering positively after a sell-off on Wednesday, following the US Federal Reserve's decision to raise interest rates by 25 basis points and signal that it could raise them again at the end of the year.