Money & Investing
Gold price update closing session July 5th: End of four consecutive weeks of decline
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Gold price update closing session July 5th: Simultaneously increasing after a week of fluctuations, ending a four-week consecutive decline.
Silver price at the close of the session on July 5th: Recovery but adjustment risk still present
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Silver price closed the session on July 5th: World silver closed the week at 62.27 USD/ounce. The recovery was supported by the weakening USD, but interest rate pressure is still present.
6-month savings interest rate hits 8.7%
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Cake by VPBank is listing the highest 6-month term savings interest rate at 8.7%/year.
Gold prices enter a challenging new week after an increase of more than 2%
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Gold prices just had the strongest weekly increase in many weeks. Developments in the new week will depend on the USD, the Fed and the threshold of 4,200 USD/ounce.
Many banks change forecasts, how will gold prices develop in the coming time
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Gold prices have recently been adjusted by many banks. Interest rate pressure is increasing, but long-term gold buying demand is still assessed positively.
