Continued increase, reaching new record level

Gold prices have been increasing continuously in recent days.

At around 6:00 a.m. on September 25, the world gold price today continued to set a new record of 2,659 USD/ounce, an increase of 24 USD compared to the lowest price in last night's trading session of 2,625 USD/ounce.

Analysts say that nearly a week after the US reduced interest rates, the value of the USD decreased by 0.43%, bringing the USD Index down to 100.37 points, which is the main driving force behind today's increase in gold prices.

Investors have rushed to buy gold to cope with the deteriorating economic situation. The latest survey by the Conference Board showed a significant drop of 6.9 points in consumer confidence, with assessments of business conditions, stock prices, interest rates, and inflation expectations all falling.

Geopolitical tensions have added to the anxiety of financial investors. Military developments in the Middle East have escalated with the hot spots of conflict in Israel - Hezbollah - Lebanon.

The influence of economic and geopolitical factors has reinforced the appeal of gold as a safe haven for capital. As a result, the precious metal has been continuously increasing in price in recent days.

In Vietnam, the price of SJC gold on September 24 increased sharply to 83.5 million VND/tael. The price of gold rings alone reached 81.6 million VND/tael. People limited the sale of gold rings, causing a limited supply.

Source: https://nld.com.vn/gia-vang-hom-nay-25-9-tang-tiep-can-muc-ky-luc-moi-196240925063400633.htm