Sharp drop then spike

(NLDO) - Trade tensions, geopolitical conflicts... have prompted investors to seek stability, causing gold prices to increase sharply today.

Gold prices today jumped due to increased demand for safe havens.

Last night, the world gold price dropped to 2,984 USD/ounce but then increased again. By 6:00 am on March 18, the gold price today reached 3,000 USD/ounce.

Gold prices jumped today due to increased demand for safe havens amid the impact of US President Donald Trump's drastic trade policies.

Analysts say trade tensions, geopolitical conflicts and expectations of monetary policy changes have prompted investors to seek stability. The $3,000/ounce level is an important psychological threshold and the gold market will fluctuate within this price range.

Meanwhile, data from the World Gold Council showed that gold holdings of investment funds globally increased by 32.7 tonnes last week.

Analysts say investment funds still have plenty of room to grow, as current gold holdings are still 20% below the peak reached in 2020.

In Vietnam, at the end of March 17, SJC gold was sold at 96.1 million VND/tael; gold rings were 96 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-18-3-giam-manh-roi-tang-vot-196250318064509803.htm