(NLDO) – Gold prices today have not stopped their upward trend as demand for capital shelters increases due to the budget crisis in the UK.
World gold prices continue to heat up today
UK financial markets plunged overnight on concerns about the government 's budget deficit. The pound fell to its lowest level in more than a year against the US dollar. UK government bond yields rose to 4.92%. UK stocks also fell for the third consecutive day. The situation is being closely watched by global markets, worried about the contagion effect.
Another development is that the price of crude oil futures is heating up, trading around 74 USD/barrel, which also supports the upward trend of gold prices. Because gold and crude oil are two commodities that often fluctuate in the same direction in terms of trading value.
Developments in the gold market show that, in last night's trading session, the world gold price at times fell back to 2,655 USD/ounce.
However, when news of the gloomy picture of the UK financial market spread widely, many people increased their gold purchases to preserve their capital. The price of gold today increased by tens of dollars and by 6:00 a.m. on January 10, it was trading at 2,671 USD/ounce.
Previously, in Vietnam, the price of SJC gold at the end of January 9 was sold by banks at 86 million VND/tael. SJC Company sold gold rings at 85.8 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-10-1-tiep-noi-da-tang-196250110062518552.htm
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