Money & Investing

Silver prices have lost about half of their value since its historic peak in January, while technical signals suggest that the weakening momentum of this metal may not be over yet. Photo: Phuong Anh

Silver prices lose half of their value, experts warn pressure will continue

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Silver prices lost nearly 50% from a historic peak as the Fed maintained a tough stance, making short-term prospects even gloomier.

World gold prices fluctuate around the 4,000 USD/ounce mark and are heading for their fourth consecutive week of decline as the USD strengthens and expectations that the Fed will continue to raise interest rates. Photo: Phan Anh

Gold prices have not escaped the downward trend, experts forecast the 3,400 USD mark

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Gold prices are heading for their fourth consecutive week of decline as expectations of the Fed raising interest rates and a strong USD continue to overwhelm the market.

The highest 12-month term savings interest rate in the banking system is 8.9%. Photo: Thach Lam

Receive interest rates up to 8.9% when depositing savings from 100,000 VND for a 12-month term

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According to a survey by Lao Dong Newspaper reporters on June 26, the highest 12-month term savings interest rate in the banking system is 8.9%.

USD exchange rate today 26.6: Maintains upward momentum

USD exchange rate today 26.6: Maintains upward momentum

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USD exchange rate today 26.6: The USD continues to increase thanks to safe-haven demand and the stance of the Fed, but this trend still depends on the upcoming PCE inflation data.

Gold prices are forecast to continue to be under downward pressure as the USD strengthens and speculative cash flow withdraws from risky assets. Photo: Phan Anh

An expert warns of unfavorable scenarios for gold prices

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Gold prices are fluctuating around 4,000 USD/ounce. According to an expert, the depreciation of this precious metal is only a matter of time due to pressure from the USD.