Domestic gold price
Domestic gold price developments
World gold price developments
Last weekend, the speech of the Chairman of the US Federal Reserve (FED) - Jerome Powell increased the confidence of investors that the US Central Bank has completed tightening monetary policy and may cut interest rates from March next year.
This information has added momentum to the increase in gold prices, especially when gold is being strongly supported by the year-end wedding season.
“The calculated gold price target for 2024 is $2,534 an ounce,” said Gareth Soloway, chief market strategist at InTheMoneyStocks.com and president of VerifyInvesting.com.
“Investors may favor gold as a way to protect against recession , inflation, money printing and classic safe-haven trading,” he added.
Matt Simpson, market analyst at CityIndex and Forex.com, wrote on X that traders need to be cautious about what this move means for gold prices as it happened while liquidity was low.
“Gold just broke through its 2022 record high, opened up $75 and broke above its 1-week implied volatility band. There was a lot of gold news to look forward to. But I’m skeptical about this move because it happened during a time of low liquidity,” Simpson said.
Currently, world gold prices are under pressure to take profits after a continuous increase over the past few weeks.
Source
![[Photo] Party and State leaders attend the special art program "You are Ho Chi Minh"](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/18/6895913f94fd4c51aa4564ab14c3f250)
![[Photo] Many young people patiently lined up under the hot sun to receive a special supplement from Nhan Dan Newspaper.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/18/6f19d322f9364f0ebb6fbfe9377842d3)
![[Photo] Ready for the top competitions of Vietnamese table tennis](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/18/9c547c497c5a4ade8f98c8e7d44f5a41)
Comment (0)