Iran announced that the critical waterway would remain closed until the United States fulfills commitments tied to an interim agreement reached in June. Tehran outlined four prerequisites for reopening the strait, including the removal of port blockades and oil sanctions.
Strait of Hormuz Standoff Triggers International Gold Drop
Federal Reserve Rate Expectations Shift as Bond Yields Rise
Market expectations regarding Federal Reserve monetary policy have shifted significantly. Data from the CME Group’s FedWatch Tool indicate that the probability of the central bank raising interest rates at its September meeting fell from nearly 70 percent down to 31 percent, while the share of investors betting on a rate freeze climbed back toward 70 percent.
Despite cooling rate-hike expectations, Treasury yields faced upward pressure as crude oil prices surged. The yield on the 10-year U.S. Treasury note climbed closer to 4.73%. At the same time, the New York Federal Reserve’s Empire State business conditions index rose to 20.6 points—its highest level in more than four years—while its prices-paid index advanced to 58.6 points, creating a complex crosscurrent for non-yielding safe-haven assets.
Domestic Gold and Silver Markets Across Major Brands
Inside the domestic market, retail gold prices remained largely resilient despite the international slump.
| Enterprise / Brand | Gold Bar (Sell Price) | Gold Ring (Sell Price) |
|---|---|---|
| SJC | 144,3 triệu đồng/lượng | 143,9 triệu đồng/lượng |
| DOJI | 144,8 triệu đồng/lượng (Ancarat) | 145,6 triệu đồng/lượng |
| PNJ | 144,3 triệu đồng/lượng | 144,2 triệu đồng/lượng |
| Mi Hồng | 143,0 triệu đồng/lượng | 143,0 triệu đồng/lượng |
With international values retreating while domestic quotations held firm, the gap between domestic and converted world gold prices narrowed to just 5,3 triệu đồng/lượng. Silver prices mirrored the broader precious metals contraction, with global silver sliding to 63.83 USD/ounce, while domestic silver distributors listed selling prices ranging between 2,338 triệu and 2,36 triệu dong per tael.
