(NLDO) - Gold prices today plunged as investors sold off to recover capital because the USD increased sharply.
World gold price today plunges
At around 6:00 a.m. on December 31, the world spot gold price was at 2,606 USD an ounce, down sharply by 14 USD compared to the highest price in last night's trading session of 2,620 USD/ounce.
World gold prices fell amid a sharp increase in the value of the USD compared to many other currencies.
The dollar is headed for its best year in nearly a decade as U.S. economic strength keeps the Federal Reserve from cutting interest rates. Donald Trump’s tariff threats have also bolstered the currency’s gains, Bloomberg reported.
Meanwhile, US bond yields remained steady at 4.55%, continuing to attract many people to focus their capital on this profitable channel. Therefore, very little money flows into precious metals.
Accordingly, many gold investors have been selling off to recover their capital. The world gold price today has naturally plummeted.
In Vietnam, the price of SJC gold at the end of December 30 was sold by banks at 84.5 million VND/tael. SJC Company sold gold rings at 84.3 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-31-12-giam-manh-khi-nha-dau-tu-ban-thao-196241231063858368.htm
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