Gold kept climbing on August 21, and the global market again drew close attention from investors. World gold prices rose sharply during the day, passing 4,500 USD per ounce. An ounce is the standard weight unit used in international gold trading. The move continued a strong upward trend in recent sessions.
In Viet Nam, SJC gold prices also increased strongly compared with the previous day. SJC is a widely known Vietnamese gold bar brand. Buying and selling prices reached 144-147 million VND per tael. A tael is the traditional Vietnamese unit for weighing gold bars. Higher quotes mean buyers now need much more money for the same amount of gold. For learners, such reports show how markets, currencies and daily news headlines connect.