Money & Investing
Gold price update morning of March 20: Deep drop, breaking the 4,600 USD/ounce mark
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Gold price update morning of March 20: World gold last night continued to plummet, falling by more than 280 USD/ounce.
Gold price update at the closing session on March 19: Gold rings decreased by up to 7.5 million VND/tael
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Gold price update at the closing session on March 19: World gold fell sharply by 300 USD/ounce, while domestic gold evaporated by 7.5 million VND/tael after one day.
Reasons for the plunge in gold prices in last night's trading session
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World gold prices plummeted sharply, losing the 5,000 USD/ounce mark as US inflation increased sharply and the Fed maintained high interest rates, causing sell-off pressure in the market.
Gold prices may fall deeper as pressure increases
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According to Kitco - gold prices are under downward pressure as technical factors weaken, inflation increases, high interest rates persist and cash flow shifts to USD amid geopolitical instability.
Gold prices may rise, entering a material reconstruction
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Gold prices are forecast to increase to 10,000 USD/ounce as inflation, energy conflicts and global economic instability push for a physical reconstruction.
