(NLDO) – Gold prices continued to rise today as demand for safe haven capital increased due to geopolitical tensions and the USD fell sharply.
World gold price today has not stopped increasing
At around 6:00 a.m. on March 6, the world gold price today was trading at 2,930 USD/ounce, up 11 USD compared to the same time the previous day at 2,919 USD/ounce.
Some profit-taking pressure following the sharp gains in previous days gave way to increased buying by gold bulls.
Safe-haven demand amid rising geopolitical tensions and a weakening US dollar to a four-month low are bullish fundamentals for gold.
Speculators also have more motivation to hold gold when the US labor market weakened as only 77,000 jobs were added in February 2025, much less than the forecast of 148,000 jobs. It is inevitable that the world gold price will continue to heat up.
In Vietnam, due to weak purchasing power, at the end of March 5, the selling price of SJC gold stood at 92.7 million VND/tael. The price of gold rings was 92.6 million VND/tael.
Gold buying - selling price (red - green)
Source: https://nld.com.vn/gia-vang-hom-nay-6-3-tiep-tuc-di-len-196250306063508726.htm
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