Demand for gold as a safe haven in the international market is decreasing.
Early on April 26, the world spot gold price ended the week at 3,320 USD/ounce, down 53 USD compared to the peak of 3,373 USD/ounce in last night's trading session.
The decline comes as investors focus on the US dollar and US bond yields. As global economic concerns ease, the US dollar strengthens, reducing the appeal of gold. At the same time, rising bond yields make gold non-yielding, making it less attractive.
On the other hand, progress in trade negotiations between the US and several countries has reduced concerns about high tariffs, thereby reducing demand for gold as a safe-haven asset.
Analysts said the market is waiting for important US economic data, especially the Federal Reserve's inflation report. This information can influence the Fed's monetary policy and shape market sentiment. If the data shows that the US economy is stable, the demand for gold as a safe haven in the international market may continue to decrease in the short term.
In Vietnam, due to the decrease in world gold prices, on April 25, the price of SJC gold decreased to 120.5 million VND/tael, while the price of gold rings fell to 118.5 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-26-4-sut-giam-dang-ke-196250426063432098.htm
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