Money & Investing
Gold price update at the closing session on May 17: Heavy loss of 7 million VND after a week of surfing
|
Gold price update at the closing session on May 17: Gold buyers suffer heavy losses as gold prices fall deeply, the buying - selling difference remains high.
Reason why domestic gold buyers lost heavily 7 million VND/tael in the past week
|
Gold prices fell sharply last week, plus the high buying-selling difference caused many domestic gold buyers to suffer heavy losses.
USD exchange rate today May 17: Continuing the upward trend
|
USD exchange rate today May 17: In the past week, the USD continued to appreciate as the market expects the FED to maintain higher interest rates for longer, amid strong US inflation and geopolitical tensions that have not cooled down.
Investors adjust expectations, gold prices face pressure
|
The sharp increase in real interest rates in the US is putting great pressure on gold prices, as expectations that the Fed will maintain higher interest rates for longer continue to increase.
Silver price fluctuation 17. 5: Deep drop after a week
|
Silver price fluctuation May 17: Silver prices plummeted due to pressure from the soaring USD, rising US bond yields and expectations that the Fed will continue to maintain high interest rates.
