Money & Investing

World gold prices are heading towards one of the strongest months of increase in history, while Natixis raised its year-end gold price forecast to 5,000 USD/ounce. Photo: Phan Anh

Gold prices increase by nearly 15% in the month, 5,000 USD target gradually appears

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Gold prices are heading towards the 5,000 USD/ounce mark as concerns about US public debt, bond markets and the USD continue to create momentum for the precious metal.

The monetary policy outlook of the Fed becomes an important factor determining the next direction of gold prices. Photo: Phan Anh

Gold prices face difficulties, US interest rates and concerns about the USD pulling prices together

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World gold prices are under pressure from US interest rates, while concerns about the health of the USD still provide support for the precious metal.

Domestic gold prices fell sharply after 6 months, causing buyers at high prices at the end of February to suffer losses of tens of millions of VND per tael. Photo: Phan Anh

Gold prices fall after 6 months, buyers may lose up to 37 million VND/tael

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After 6 months, domestic gold prices have fallen sharply, causing buyers in high price areas to lose up to tens of millions of VND per tael when selling.

The precious metals market simultaneously increased in the session of August 27, gold prices regained their upward momentum after a correction session. Photo: Phan Anh

Gold price recovers after decline, market awaits signal from Fed

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World gold prices rebounded after a correction session, while silver increased by more than 2%, bringing the precious metals market back to activity.

The area in front of a gold shop in Hanoi on the morning of August 27. Photo: Linh Dan

Gold prices fall, stores no longer have scenes of queuing to buy

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On August 27, gold prices plummeted, causing transactions at stores in Hanoi to cool down, people buying gold were more convenient, and there was no longer a scene of queuing.