The world increased beyond the threshold of 3,000 USD/ounce

(NLDO) – Gold prices continue to heat up today as the market worries about a global trade war that could cause a global economic recession.

The world gold price today reached 3,004 USD/ounce.

Early morning of March 15, the world gold price jumped to reach 3,004 USD/ounce. After that, the gold price today weakened and closed the weekend trading session at 2,985 USD/ounce.

Gold prices rose today due to the demand for safe haven capital after the US imposed high tariffs on imported goods from many countries around the world. This makes the market increasingly concerned about a global trade war, which could cause a world economic recession.

On the other hand, after the US inflation report continued to cool down, it is possible that in the future, the US Federal Reserve (FED) will further reduce interest rates to pull the inflation target back to 2%. At that time, the USD will depreciate, which is beneficial for the gold market.

However, analysts warn that after rising above the threshold of 3,000 USD/ounce, gold prices may be sold off by investors taking profits. However, some other opinions say that economic instability has only just begun, the world geopolitical situation has not calmed down, continuing to support gold prices today.

Previously, in Vietnam, at the end of March 14, the price of SJC gold and gold rings were simultaneously sold by traders at 95.8 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-15-3-the-gioi-tang-vuot-nguong-3000-usd-ounce-196250315054723457.htm