(NLDO) – Gold prices today have not stopped falling as US stocks heat up, USD continues to increase in value
World gold price today goes down
Gold prices fell today amid flat US inflation data. Financial investors poured money into stocks, helping US stocks surge.
Specifically, the Dow Jones index increased sharply by 601 points, Nasdaq increased by 302 points, S&P 500 increased by 92 points. This means that the cash flow in the market is focused on stocks. Gold prices today are at a disadvantage.
On the other hand, as the US dollar continues to rise in value, gold becomes less attractive to holders of other currencies.
Under pressure from US stocks and the US dollar, investors may think that holding gold will lose the opportunity to make a profit. Therefore, many people have taken the opportunity to sell to earn profits.
Immediately, today's gold price decreased by 27 USD compared to the highest price in last night's trading session of 2,885 USD/ounce. Early on March 1, the world gold price closed the weekend at 2,858 USD/ounce.
Previously, in Vietnam, on February 28, the selling price of SJC gold dropped to 90.5 million VND/tael. The price of gold rings fell to 90.4 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-1-3-tiep-tuc-giam-196250301065854908.htm
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