Money & Investing

Gold prices adjusted down after hitting a 3-month high, but still maintained in a high price range as the market waited for US inflation data and new signals from the Fed. Photo: Phan Anh

Gold price reverses direction, cools down after hitting a 3-month high

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World gold prices fell slightly after hitting a 3-month high, as the market awaits US inflation data and policy signals from the Fed.

Gold prices rose sharply to the highest level in 3 months, while ETF and central bank cash flow continued to support. Photo: Phan Anh

Gold price breaks important threshold, upward momentum shows no signs of cooling down

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Gold prices continued to break through, exceeding 4,600 USD/ounce in the context of investors increasing demand for precious metals.

Gold prices exceeded 4,600 USD/ounce, up more than 5% last week as US bond yields and USD weakened, Heraeus recorded a noteworthy signal from the Bank of Korea. Photo: AI

Gold prices increase by more than 5%, unexpected boost from the US heats up the market

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Gold prices surpassed 4,600 USD/ounce after a boost from the US bond market, while the Bank of Korea returned to investing in gold after 13 years.

Cake by VPBank is currently offering preferential savings interest rates for a 6-month term at 9.2%/year. Photo: Tra My

Deposit 50 million VND for 6 months, receive 9.2% interest

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Cake by VPBank currently has a preferential savings interest rate for a 6-month term at 9.2%/year when customers deposit money for the first time.

Major banks around the world have made various forecasts about gold price prospects, with a common target range of 4,500-5,000 USD/ounce in the medium and long term. Photo: Phan Anh

Gold prices receive unexpected forecasts from a series of major banks

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Many large banks maintain positive expectations for gold prices, forecasting that the precious metal still has room to increase thanks to safe-haven demand and economic risks.