(NLDO) – Gold prices today have not stopped falling as US bond interest rates increase, despite the weakening "health" of the USD.
Gold price today in the world weakened
At around 6:00 a.m. on January 7, the world spot gold price was at 2,636 USD/ounce, down 14 USD compared to the highest price in last night's trading session of 2,650 USD/ounce.
Nitesh Shah, an analyst at WisdomTree, said rising bond yields have put pressure on gold prices. However, unofficial reports suggest that US President-elect Donald Trump may not propose a tariff plan as drastic as initially, weakening the "health" of the USD.
Bond yields rose to their highest in more than a week, making gold less attractive. Meanwhile, the dollar fell 1%, making gold cheaper for buyers using other currencies.
Recently, the US Federal Reserve (FED) announced that the pace of interest rate cuts will slow down. Therefore, many gold investors are waiting for the US to release economic data in the next few days to clarify the FED's interest rate cut roadmap, affecting the gold price trend.
In Vietnam, at the end of January 6, banks sold SJC gold for 85 million VND/tael. SJC Company sold gold rings for 84.8 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-7-1-tiep-tuc-di-xuong-196250107064612245.htm
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