Gold price sets new record

Gold bars on display at the US Bureau of Engraving and Printing in Washington, DC. Photo: AFP/VNA

Spot gold rose 0.7% to $3,077.56 an ounce at 12:45 p.m. (GMT+8) after hitting an all-time high of $3,079.01 an ounce earlier in the session. For the week, gold rose 1.8%, heading for its fourth straight weekly gain. US gold futures also rose 0.8% to $3,086.80 an ounce.

"Gold is getting a strong push. U.S. trade policy, fiscal policy, geopolitics, and slowing growth are all supporting gold," said Capital.com financial market analyst Kyle Rodda, who also predicted $3,100 an ounce would be the next major milestone for gold.

Factors such as uncertainty related to tariff policies, the possibility of the US Federal Reserve (Fed) cutting interest rates, geopolitical conflicts and gold buying activities of central banks have contributed to pushing gold prices above the important threshold of $3,000/ounce.

As a traditional safe haven from economic and political uncertainty, gold typically benefits in low interest rate environments.

Source: https://baothainguyen.vn/kinh-te/thi-truong/202503/gia-vang-lai-lap-ky-luc-moi-64019bc/