(NLDO) – Gold prices continued to increase sharply today in the context of cooling inflation in the US, and the need for safe haven capital has not stopped.
World gold prices continue to heat up
At around 6:00 a.m. on March 13, the world spot gold price was at 2,934 USD/ounce, up 30 USD compared to the lowest price in last night's trading session of 2,904 USD/ounce.
Gold prices rose sharply today and reached a three-week high as US inflation data cooled. Specifically, the consumer price index (CPI) in February 2025 increased by 2.8%, down 0.1 percentage points compared to the 3% increase in the previous month.
Investors maintained safe-haven demand for gold due to global trade tensions, which could slow world economic growth.
Meanwhile, US bond yields jumped to 4.3%, meaning bond values fell. This prompted investors to sell bonds and shift capital into precious metals. The world's gold price today has more strength to accelerate.
Previously, in Vietnam, at the end of March 12, the selling price of SJC gold reached 93.5 million VND/tael. The price of gold rings was 93.4 million VND/tael.
Analysts say gold will continue to heat up as the market remains uncertain, leading to demand for safe assets. However, positive developments in the Russia-Ukraine military conflict negotiations could dampen the risk-off momentum in gold prices.
Source: https://nld.com.vn/gia-vang-hom-nay-13-3-tang-rat-manh-19625031305365355.htm
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