At Ancarat Vietnam Joint Stock Company, the silver price today decreased, listed at 1,406,000 VND/tael (buy) and 1,444,000 VND/tael (sell) in Hanoi . If bought on July 25 and sold today, the buyer has lost about 6% in the past 7 days. Meanwhile, 1kg 999 silver bars cost 36,412,000 VND/bar (buy) and 37,402,000 VND/bar (sell), updated at 9:10 on August 1.
In the world market, silver prices continued to decline, reaching 36.58 USD/ounce, equivalent to 960,000 - 966,000 VND/ounce (buy - sell). Silver prices fell to 36.50 USD/ounce, the lowest level since July 9, under pressure from a stronger US dollar and easing geopolitical uncertainty. The greenback rose as the US economy continued to show resilience and President Donald Trump pushed trade negotiations.
President Donald Trump announced new trade moves ahead of a self-imposed deadline on the morning of August 1, including 15% tariffs on South Korea and 25% tariffs on India. In addition, Donald Trump announced a 90-day extension of existing tariffs on Mexico to allow more time for negotiations, easing concerns about supply from the world's largest silver producer.
Meanwhile, the Fed’s preferred inflation gauge, the core PCE index, rose 0.3% in June, while consumer spending barely rose. Despite the recent decline, silver prices are still up 1% in July, after hitting a peak of $39 on July 22, their highest since August 2011, as physical supplies tightened.
Source: https://quangngaitv.vn/gia-bac-hom-nay-1-8-tiep-tuc-giam-sau-6505574.html
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