(NLDO) - After a sharp decline, today's gold price reversed and increased as the USD depreciated and US bond interest rates fell.
Gold price today in the world reversed to go up
At around 6:00 a.m. on February 18, today's gold price was trading at 2,899 USD/ounce, up 16 USD compared to the previous day's opening price of 2,883 USD/ounce.
Gold prices in the world today increased in the context of the USD Index falling to 106 points, causing the USD to depreciate sharply. Gold became attractive to those holding other foreign currencies.
On the other hand, US bond yields plunged to 4.47%, prompting investors to sell bonds and shift capital to precious metals. Gold prices naturally jumped today.
Mr. Tim Hayes, analyst at Ned Davis Research, commented that the weakening of the USD and the decrease in US bond yields are good signals for gold in the coming time.
Many people expect gold prices to continue to rise as geopolitical instability increases.
"The precious metal appears poised to consolidate its position above $2,900 an ounce, as safe-haven demand risks from US tariffs that could trigger a trade war and weaken the global economy," said Ricardo Evangelista, an analyst at ActivTrades.
Previously, in Vietnam, on February 17, the selling price of SJC gold was 90.6 million VND/tael, and gold rings were 90.4 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-18-2-bat-tang-tro-lai-196250218062950627.htm
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