Gold prices fluctuated today as investors' risk-off sentiment increased due to recent US tariff threats. At the same time, financial market worries also escalated as US President Donald Trump could engage more closely with Russian President Putin on negotiations to end the Russia-Ukraine military conflict.
Therefore, in the trading session last night, investors sold off stocks. As a result, on Wall Street, the Dow Jones indexes fell 450 points, the Nasdaq fell 93 points, and the S&P 500 fell 26 points. Accordingly, many people shifted their capital into precious metals. The increase in gold prices today was inevitable.
On the other hand, the USD Index fell to 106 points, causing the USD to depreciate across the board. Today's gold price became attractive to holders of other foreign currencies.
Market transactions showed that the world gold price last night dropped to 2,921 USD/ounce but then increased sharply. At 6:00 a.m. on February 21, the spot gold price was at 2,940 USD/ounce.
Previously, in Vietnam, due to the increase in world gold prices on February 20, the price of SJC gold reached 92.3 million VND/tael. The price of gold rings also jumped to 92 million VND/tael.
Source: https://baohaiduong.vn/gia-vang-hom-nay-bat-tang-rat-manh-405718.html
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