Continuing to rise, reaching a new record high.

Gold prices have been rising continuously in recent days.

At approximately 6:00 AM on September 25th, the world gold price continued to set a new record of $2,659 per ounce, an increase of $24 compared to the lowest price of $2,625 per ounce during last night's trading session.

Analysts believe that nearly a week after the US cut interest rates, the 0.43% drop in the value of the US dollar, bringing the USD Index down to 100.37 points, is the main driving force behind today's rise in gold prices.

Investors have been rushing to buy gold to hedge against the worsening economic situation. The latest survey by the Conference Board shows a significant 6.9-point drop in consumer confidence, with assessments of business conditions, stock prices, interest rates, and inflation expectations all declining.

Geopolitical tensions are further increasing anxiety among financial investors. Military developments in the Middle East are escalating, with conflict hotspots in Israel, Hezbollah, and Lebanon.

The influence of economic and geopolitical factors has reinforced the appeal of gold as a safe haven for capital. As a result, the price of this precious metal has been steadily rising in recent days.

In Vietnam, the price of SJC gold surged to 83.5 million VND/ounce on September 24th. The price of gold rings even reached 81.6 million VND/ounce at one point. People are reluctant to sell gold rings, resulting in limited supply.

Source: https://nld.com.vn/gia-vang-hom-nay-25-9-tang-tiep-can-muc-ky-luc-moi-196240925063400633.htm