(NLDO) – Gold prices today have not stopped increasing, continuing to set a new record after China responded to US tariffs.
Last night, the world gold price increased vertically by 42 USD to set a new record of 2,846 USD/ounce.
While US President Trump agreed to postpone for one month the trade tariffs imposed on Mexico and Canada, the new 10% US tariff on imported goods from China has taken effect.
China immediately responded by imposing an additional 15% tax on coal and liquefied natural gas imported from the US, and a higher 10% tax on crude oil, agricultural machinery, etc., starting from February 10.
The news raised concerns about a wider trade war between the world’s two largest economies, prompting financial institutions to seek safe haven in precious metals. The price of gold has been rising steadily.
On the other hand, after many days of rising, the value of the USD suddenly plummeted. The world gold price became attractive to holders of other foreign currencies.
Last night's trading session showed that the gold price fell to 2,804 USD/ounce at one point, but then purchasing power increased sharply. Immediately, the world gold price increased vertically by 42 USD to set a new record of 2,846 USD/ounce. At 6:00 a.m. on February 5, the gold price today was trading at 2,844 USD/ounce.
Previously, in Vietnam, due to the high world gold price and purchasing power, at the end of the 7th day of Tet (February 4), the selling price of SJC gold was 90.1 million VND/tael. The price of gold rings was 89.6 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-5-2-tang-rat-manh-196250205060947425.htm
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