Domestic gold price
The current difference between buying and selling gold prices is listed at 2.5 million VND. This difference is considered very high. Investors face the risk of loss when businesses push the risk onto buyers.
World gold price
World gold prices increased despite the USD remaining at a high level. At 7 pm, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 102,302 points (up 0.15%).
Gold Price Forecast
Barchart.com senior market analyst Darin Newsom predicts that in the coming time, gold prices will fluctuate from $2,017.3/ounce and may reach $2,098.2/ounce, the highest level in 4 weeks.
Marc Chandler, CEO of Bannockburn Global Forex, said that tensions in the Middle East are reducing the pressure on the US dollar and bond yields on gold. This expert says that in the near future, safe-haven demand will push gold prices higher.
Meanwhile, Marc Chandler, senior commodities broker at RJO Futures, Bob Haberkorn, sees safe-haven demand continuing to provide a boost to gold prices. Haberkorn is optimistic that military conflict in the Middle East could push prices back to historic levels, even setting new all-time highs.
See more articles about gold prices on Lao Dong Newspaper here...
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