Money & Investing

USD exchange rate today July 1: Maintains upward momentum

USD exchange rate today July 1: Maintains upward momentum

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USD exchange rate today July 1: The USD rose slightly in the context of positive US labor market data, increasing expectations that the Fed will continue to be cautious about interest rate cuts.

World gold prices fell more than 342 USD/ounce after 6 months, creating pressure on the domestic market and increasing the risk of losses for investors. Photo: Phan Anh

Gold prices fall sharply, buyers lose up to 12.5 million VND/tael after 6 months

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After 6 months, domestic gold prices simultaneously decreased sharply, causing buyers of SJC gold bars and 9999 gold rings to lose up to 12.5 million VND/tael compared to the beginning of the year.

Goldman Sachs maintains an optimistic view, saying that persistent buying pressure from central banks will continue to support gold prices in the long term. Photo: Phan Anh

Goldman Sachs still bets gold prices at $5,400 after the decline

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Gold prices are under short-term pressure, but Goldman Sachs believes that central bank buying power will still support long-term gains.

Domestic SJC gold bar and gold ring prices on the morning of July 1st recorded a slight adjustment at major brands, the buying - selling difference was anchored at a high level of 3 to 3.5 million VND/tael. Photo: Phan Anh

Gold price today July 1st: Continuous fluctuation

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Gold price today July 1: World gold price last night jumped to the threshold of 4,060 USD/ounce and then sharply decreased, losing the psychological milestone of 4,000 USD/ounce.

Gold and foreign currency prices 1.7: Gold may increase again in the coming days

Gold and foreign currency prices 1.7: Gold may increase again in the coming days

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Gold and foreign currency prices 1.7: SJC, PNJ, DOJI brands traded gold bars at 143.4 - 146.4 million VND/tael (buying - selling).