In the trading session on February 26, world gold prices decreased slightly, after a series of record increases, as investors waited for inflation data and US President Donald Trump's tariff plan.
In the trading session on February 26, world gold prices decreased slightly, after a series of record increases, as investors waited for inflation data and US President Donald Trump's tariff plan.
Specifically, the spot gold price decreased slightly by 0.1% to 2,912.51 USD/ounce. Gold, considered a hedge against instability and inflation, hit a record high of 2,956.15 USD in the first session of the week, when the tariff policy raised concerns about the trade war.
At the end of this session, the price of gold futures traded in the US increased by 0.4%, to 2,930.60 USD/ounce.
On February 25, President Trump ordered an investigation into the possibility of imposing new tariffs on imported copper, aiming to restore domestic production - a metal essential for electric vehicles, power grids and many other consumer goods.
David Meger, senior manager at metals trading firm High Ridge Futures, said the uptrend in gold remains intact. He said the current price correction is completely normal before important data is released.
Investors are now focusing on the US Personal Consumption Expenditure (PCE) report scheduled to be released on February 28.
Mr. Meger said that higher-than-expected inflationary pressures could cause the US Federal Reserve (Fed) to delay cutting interest rates. The Fed cut interest rates three times last year, a total of 75 basis points.
The market is now predicting the Fed will cut interest rates another 54 basis points this year.
In a report, Mr. Frank Watson, market analyst at financial market analysis company Kinesis Money, commented that the behavior of central banks will be a decisive factor for gold prices in the coming time, because this behavior has been an important factor driving gold demand in recent years.
In Vietnam, at 2:32 p.m. on February 26, Saigon Jewelry Company listed the price of SJC gold at VND 89.00 - 91.30 million/tael (buy - sell).
Source: VNA
Source: https://baophutho.vn/sau-chuoi-tang-ky-luc-gia-vang-the-gioi-di-xuong-228539.htm
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