Last night, investors quickly sold when the world price of gold reached 3,270 USD/OCE.
Early May 3, the Gold spot price On the international market ended the week of negotiation at 3,241 USD/OCE, down 29 USD compared to the peak of 3,270 USD/OCE of the negotiation session last night.
This decreases occurred while concerns about the pricing policies of US President Donald Trump have diminished. This prompted investors to sell quickly to make a profit after each price increase of several tens of dollars an ounce.
However, analysts warn that financial and raw materials remain volatile because there is no specific trade agreement between the United States and many other countries. Meanwhile, central banks around the world continue to actively buy gold to diversify their investment portfolios and reduce their dependence on the US dollar.
Gold demand as a refuge value should remain strong during the coming period, fueled by economic uncertainties, geopolitical tensions and concerns about the volatility of global financial markets. These factors will continue to be important factors that will shape trends in the price of gold in the future.
In Vietnam, at the end of May 2, the price side of SJC gold was 121.3 million VND/Tael (sale price), while the price of gold rings reached 116.5 million VND/Tael.
Source : https://nld.com.vn/gia-vang-hom-nay-3-5-bat-ngo-di-xuong-196250503063725826.htm
