Interest Rate
Investors buying gold suffered heavy losses after 1 week, strong selling pressure pushed gold prices down miserably
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The latest meeting of the Federal Reserve signaled tightening monetary supply and increasing interest rates to 8 times in the next 3 years. Gold prices immediately reacted negatively when they "evaporated" up to 35 USD/ounce last week.
Shocked by a country's currency "evaporating" 44%, compared to the USD price
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The currency lost 44% of its value to the USD in 2021 and 19,9% in the previous week alone.
Gold price approaches the 1,800 USD/ounce mark, forecast to increase strongly
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The US Federal Reserve and the European Central Bank have just made the latest moves related to the program of monetary easing and interest rate adjustment. Gold prices immediately skyrocketed to $1,800/ounce.
ECB keeps record low interest rates, what benefits can gold prices get?
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The European Central Bank may adjust monetary easing measures in the context of rising inflation, including keeping interest rates at record lows.
Securities, gold prices immediately explode after the Fed forecasts interest rate increase
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The latest developments from the Fed's FOMC meeting have revealed a doubling of the "taper" process and the roadmap for interest rate increases next year. Gold and stock prices immediately reacted positively to this information.
How US banks support customers during the COVID-19 season instead of just cutting interest
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Instead of reducing interest rates in the style of "responcing to giving" or "reducing interest rates on paper and on TV", banks in the UK and the US have taken practical measures to help customers affected by the COVID-19 epidemic such as exemption, interest reduction, raising credit card limits, smart consumer education for customers in the context of the epidemic...
Foreign exchange rate 8.10: Just a slight increase in the beginning, the USD price has sunk again,
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Foreign exchange rate today (October 8): Free USD price on the market continues to increase in the second session. Domestic SJC gold price is currently at 56.05 million VND/tael.
Foreign exchange rate 7.10: USD freely increased slightly, should you take profits at this time
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Foreign exchange rate today (October 7): Free USD price in the market increased slightly. Domestic SJC gold price is currently at 56.35 million VND/tael.
Foreign exchange rate 6.10: USD increases after Mr. Trump's discharge, should we sell?
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Foreign exchange rate today (October 6): USD price increased slightly. Domestic SJC gold price is currently at 56.40 million VND/tael.
Foreign exchange rate 3.10: Mr. Trump is positive for COVID-19, USD price increases
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Foreign exchange rate today (October 3): USD price reversed and increased slightly after the US President tested positive for COVID-19. Domestic SJC gold price has not stopped increasing, currently at 56.45 million VND/tael.
Foreign exchange rate 1.10: Unexpected pressure, free USD price decreases
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Foreign exchange rate today (1.10): USD price decreased slightly. Domestic SJC gold price is currently at 55.60 million VND/tael.
Foreign exchange rate 30.5: US dollar continues to decrease
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Foreign exchange rate today, May 30: In the weekend trading session, USD continues to decrease. The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies is currently at 98.490 (up 0.12%).
Foreign exchange rate 29.5: USD unexpectedly drops sharply
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Foreign exchange rate today, May 29: USD suddenly dropped sharply on Thursday morning in Asia. Meanwhile, the Euro continues to show its strength as traders price this currency.
Foreign exchange rate 28.5: USD continues to increase
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Foreign exchange rate today, May 28: The US dollar continues to increase. The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies is currently at 98.948 (up 0.04%).
Foreign exchange rate 27.5: US dollar sell-off in the first session of the week
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Foreign exchange rate today 27.5: USD sold off on the first day of the week, while investors were wary of tensions between the US and China and protests in Hong Kong. China's yuan has risen slightly to 7,124, although it remains at its lowest level in two months.