(NLDO) - After a weak session, gold prices today rebounded as purchasing power in some Asian countries increased.
World gold price today heats up
On the first day of 2025 (January 1), the world gold price stopped at 2,625 USD/ounce, an increase of 25 USD compared to the lowest price of the last trading session of 2024 at 2,600 USD/ounce.
The international gold market fluctuated strongly in the context of the US stock market falling. Many people sold stocks and shifted capital to precious metals. Today's gold price has momentum to go up.
ForexLive analyst Justin Low said January is usually the strongest month for gold prices each year. The main reason is the high demand for gold during the Lunar New Year holiday in some Asian countries, especially China.
Meanwhile, some other analysts said that gold prices have increased by more than 27% in 2024. The gold fever has cooled down a lot in November and December 2024. The rising US dollar is a barrier to the gold price increase.
In Vietnam, the price of SJC gold at the end of December 31, 2024 was sold by banks at 84.2 million VND/tael. SJC Company sold gold rings at 84.1 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-1-1-tang-manh-tro-lai-196250101063148382.htm
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