At 6:00 a.m. on May 15, the spot gold price on the world market fell to 3,182 USD/ounce, down 58 USD from the highest level in last night's trading session (3,240 USD/ounce).
The main reason for this decline is profit-taking by investors after gold prices hit a recent high.
On the other hand, the market received positive signals from the US and China easing some tariff measures, easing trade tensions between the world's two largest economies . This reduced the demand for safe haven capital, pushing gold prices down today.
Meanwhile, the USD decreased slightly but still maintained its upward momentum compared to the beginning of last night's trading session, creating more pressure on gold prices - which are priced in USD.
In Vietnam, as of the end of May 14, the price of SJC gold was listed at VND120 million/tael (selling price), while the price of gold rings reached VND115 million/tael. The domestic gold market continues to be affected by world gold prices and domestic buying and selling power.
According to Thy Tho; Photo: Tan Thanh; graphics: Chi Phan (NLDO)
Source: https://baogialai.com.vn/gia-vang-hom-nay-15-5-lao-doc-dang-ke-dua-nhau-chot-loi-post323195.html
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