(NLDO) – Gold prices today increased by tens of USD/ounce as investors' demand for capital shelter heats up.
World gold price today heats up
At 6:00 a.m. on February 19, the world spot gold price was at 2,935 USD/ounce, up 44 USD compared to the lowest price in last night's trading session of 2,891 USD/ounce.
Gold prices rose sharply today due to the increased demand for safe haven capital by many central banks, financial institutions, and investors. The reason is believed to be the trade and tariff policies of the US President Donald Trump's administration, which continue to create a wave of global uncertainty.
Goldman Sachs analysts said demand from central banks is expected to average 50 tonnes per month. If that buying increases to 70 tonnes per month, gold prices could hit $3,200 an ounce by the end of 2025.
Goldman Sachs also emphasized that investing in gold is still a safe choice, especially in the context of possible trade tensions, risks from US policies or the risk of economic recession.
UBS Bank also forecasts that gold prices will reach $3,200/ounce by the end of 2025, then gradually decrease and end the year at more than $3,000/ounce.
In 2024, amid economic and geopolitical uncertainty, global gold demand hit a record high of nearly 5,000 tonnes. In particular, central banks bought 1,044 tonnes of gold, marking the third consecutive year of purchases of over 1,000 tonnes.
In Vietnam, on February 18, the price of SJC gold reached 91.1 million VND/tael, the price of gold rings also jumped to nearly 91 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-19-2-tang-rat-manh-196250219062737121.htm
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