(NLDO) – After a deep decline, gold prices today increased when the US added more tariffs on Canada, investors increased their demand for capital shelter.
World gold price today goes up
Gold price today at 6:00 a.m. on March 12 was trading at 2,916 USD/ounce, up 21 USD compared to the previous day's opening price of 2,895 USD/ounce.
Gold prices rose again today after the US announced it would impose additional trade tariffs on Canada. Markets were spread with concerns that the US economy could be in recession. Since then, investors continued to sell stocks, causing US stocks to sink into the red.
Many people have shifted capital into precious metals to hedge against risks. Gold prices today have momentum to go up.
George Milling-Stanley, a gold analyst at State Street Global Advisors (SSGA), said that concerns about economic and geopolitical instability have driven money flows into gold as a safe haven and inflation hedge.
Meanwhile, the US dollar fell to its lowest level in four months. Gold prices today became attractive to those holding other foreign currencies.
Previously, in Vietnam, at the end of March 11, the selling price of SJC gold was 93 million VND/tael. The price of gold rings was 92.9 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-12-3-bat-tang-tro-lai-196250312064123311.htm
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