Gold price hits new peak, approaching $3,275/ounce

Gold jewelry on display at an exhibition in Cairo, Egypt. Photo: THX/TTXVN

The precious metal's rally was fueled by safe-haven demand amid uncertainty over US President Donald Trump's tariff policies, a weakening US dollar and expectations that the US Federal Reserve will continue to ease monetary policy.

Previously, in the trading session on April 15, the world gold price also recorded a sharp increase, benefiting from investors' risk aversion when the US government announced an investigation plan to prepare for imposing import taxes on pharmaceuticals and semiconductors.

In addition, the US dollar index falling to a near three-year low makes gold even more attractive to international investors.

Gold, considered a safe investment in times of uncertainty, has risen more than 23% since the beginning of this year.

Markets are now closely watching Fed Chairman Jerome Powell's speech for further assessment of the monetary policy outlook amid analysts' predictions that the Fed could cut interest rates by a total of 100 basis points this year.

According to VNA

Source: https://baoapbac.vn/kinh-te/202504/gia-vang-lap-dinh-moi-tien-sat-moc-3275-usdounce-1039883/