(NLDO) - Gold prices increased sharply today as investors increased their demand for safe havens in precious metals, and the USD reversed and decreased in value...
Gold price today increased by tens of USD/ounce
At around 6:00 a.m. on March 4, the spot gold price was at 2,894 USD/ounce, up 36 USD compared to the previous day's opening price of 2,858 USD/ounce.
Gold prices rose sharply today as investors became risk-averse, increasing demand for safe havens in the precious metal amid rising geopolitical tensions. After the dispute in the meeting last weekend between US President Donald Trump and Ukrainian President Volodymyr Zelensky, ending the Ukraine-Russia military conflict could become a stalemate.
Meanwhile, US trade tariffs on Mexico, Canada and China take effect today, March 4. This has raised concerns that financial markets may be unstable, so many people are turning to gold to preserve capital.
On the other hand, the US dollar unexpectedly fell, making gold more attractive to holders of other currencies. The sharp increase in gold prices today is understandable.
Previously, in Vietnam, on March 3, the selling price of SJC gold was 91 million VND/tael; the price of gold rings was 90.9 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-4-3-tang-manh-tro-lai-196250304063600305.htm
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