Money & Investing

Deutsche Bank has just sharply lowered its gold price forecast, saying that the prospect of prolonged high interest rates is putting great pressure on the precious metal. Photo: Phan Anh

Deutsche Bank warns gold prices may return to the 3,800 USD mark

|

Deutsche Bank sharply reduced its gold price forecast due to the Fed maintaining a tough stance and weakening investment capital in precious metals.

Gold prices face a scenario of losing the $4,000/ounce mark

|

Gold prices fell for the second consecutive session as the USD strengthened and increased bets that the Fed would raise interest rates at the end of the year.

Phan Anh

Gold price update at the closing session on June 23rd: Reduced by another 1.6 million VND/tael

|

Gold price update at the closing session on June 23: Domestic gold continues to decrease from 900,000 VND to 1.6 million VND per tael.

World gold prices fell sharply as investors increased bets on the scenario of the Fed maintaining high interest rates, while the USD continued to appreciate. Photo: Phan Anh

Gold prices fall deeply, a series of major banks lower forecasts

|

Gold prices fell nearly 2% as fears of inflation and expectations that the Fed will maintain high interest rates continued to put pressure on the market.

Depositing 100 million VND can receive interest rates above 8.5%/year. Photo: Tra My

Deposit 100 million VND, receive interest rate over 8.5% for a 12-month term

|

Depositing 100 million VND, the actual interest rate can be 8.5% higher when depositing for a 12-month term at Cake by VPBank.