COVID-19 virus
World gold prices are falling sharply like never seen before
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In less than 2 hours, the gold price on the world market tonight, Vietnam time, is losing nearly 1.7 million VND per tael.
Difficult to stay at the support level, gold price may fall to 1,611 USD
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Cash demand to offset losses for other investment channels is a factor that caused gold to sell strongly in the world market and continuously decreased sharply in price on March 10.
Gold price next week awaits information from ECB
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Following interest rate cuts from the US, Australia and Canada, gold price movements next week are expected to be affected by the actions of the Bank of England and the European Central Bank (ECB).
Experts analyze gold price developments before the COVID-19 spread
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Concerns about the spread of COVID-19 have not yet reached their peak in Europe and North America, which is pushing gold prices higher in the world market.
Gold price unexpectedly has more supporting factors
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Continuing the interest rate cut by the US Federal Reserve (FED) as a positive support factor for gold prices, the Bank of Canada has also just decided to cut interest rates by 0.5%.
Gold prices continue to regain what they have lost
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The US Federal Reserve's interest rate cut and a chain reaction could spread to other central banks, extending the forecast for gold's uptrend to approximately $1,692 an ounce.
What do we see from the "cold cooling" of gold prices?
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The slight increase and decrease in world gold prices in recent days with the highest price difference from the lowest price of only about 30 USD per day shows the listening mentality of investors.
Unexpected recovery, gold price today is increasing to 12.7 USD
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Promising developments, the world gold price at noon today unexpectedly regained an increase of 12.7 USD per ounce after only a few hours of trading again.
Gold price exceeds 48 million VND, the increase will not stop
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In the trading session on the afternoon of February 24, world gold prices and domestic gold prices continued to cause "shock" when they both increased by 2 million VND per tael.
Exceeding 46 million VND, gold price may reach 48 million VND
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Up to 73 - 93% of experts and investors predict that gold prices will continue to increase next week and surpass the current price of 46 million VND.
Gold businesses lose revenue due to COVID-19
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The high price of gold and the complicated developments of the COVID-19 virus epidemic have caused PNJ's wholesale revenue to decrease by 32% compared to the same period in 2019.
Gold price towards 46 million VND/tael?
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The upward trend of gold prices is not expected to stop and investors are confident that gold prices are aiming for a new mark of 1,650 USD/ounce, equivalent to 46.37 million VND per tael.