Gold prices fall sharply, US stocks hit record highs.

Global financial markets experienced mixed movements, with gold prices falling sharply while US stocks continued to rise on expectations that tensions in the Middle East might ease.

Gold price chart during the trading session on May 27. Photo: GOLD PRICE

In trading on May 27 (local time), world gold prices fell sharply due to pressure from expectations that the US would continue to tighten monetary policy to curb inflation. Spot gold prices fell 2.1% to $4,407 per ounce, the lowest level since the end of March 2016.

Conversely, after plummeting more than 5%, world oil prices reversed course and rose as the market focused on new developments in negotiations between the US and Iran. Specifically, Brent crude rose 1.76%, closing at $95.95 per barrel, while West Texas Intermediate (WTI) crude also increased 1.7%, reaching $90.19 per barrel.

In the US, Wall Street stocks continued their upward trend. The Dow Jones Industrial Average rose 0.4% to a record high of 50,644 points, driven by gains in healthcare and consumer goods stocks. The S&P 500 rose 0.02%, while the Nasdaq Composite gained 0.1%.

Markets are forecasting that the US Federal Reserve (FED) may raise interest rates by another 25 basis points later this year. Investors are awaiting the release of the Personal Consumption Expenditures (PCE) data on May 28th to further assess the outlook for monetary policy.

SOUTHERN

Source: https://www.sggp.org.vn/gia-vang-giam-manh-chung-khoan-my-lap-ky-luc-post854743.html