Silver price today March 29: Silver increased sharply

Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price increased slightly, listed at 1,310,000 VND/tael (buy) and 1,351,000 VND/tael (sell) in Hanoi.

In addition, according to a survey at other trading locations in Hanoi, domestic silver prices continued to increase in both buying and selling directions, currently listed at VND 1,064,000/tael (buy) and VND 1,094,000/tael (sell).

In Ho Chi Minh City, silver prices are also on the rise, currently at VND1,066,000/tael (buy) and VND1,100,000/tael (sell).

World silver prices continue to increase, currently at 881,000 VND/ounce (buy) and 886,000 VND/ounce (sell).

Silver price today March 29: Silver increased sharply

In the world market, silver price listed on Goldprice.org is at 34.4 USD/ounce; up 0.35% compared to the previous trading session.

According to FXStreet, demand for silver as a safe haven remains high due to growing concerns over escalating trade tensions. The US is set to impose new tariffs next week, raising concerns about the global economic impact.

Investors are now waiting for the US Personal Consumption Expenditures (PCE) data due out today to further assess the US Federal Reserve’s (FED) monetary policy direction. Last week, the FED kept interest rates unchanged but maintained its forecast of two rate cuts by the end of the year.

Boston Fed President Susan Collins said the Fed is facing a difficult decision, whether to continue tightening policy or proactively loosen to respond to the risk of recession.

Source: https://baodaknong.vn/gia-bac-hom-nay-29-3-bac-tang-manh-247613.html