Money & Investing
The real reason for gold prices to plummet at the end of the week
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World gold prices plummeted at the end of the trading session of the weekend as the market reacted strongly to the "hawlish" comments from the FED.
Updated gold price at the end of the session on November 15: Gold rings decreased sharply by 2.6 million VND
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Updated gold price at the end of the session on November 15: Massive decrease in both domestic and international markets.
Gold prices are facing a wave of widespread sell-off
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Gold prices fell as much as 3% in the session on Friday alone due to widespread sell-off in the market.
Foreign investors still sell net in the stock market
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Foreign investors continue to record the 16th consecutive week of net selling in the stock market, focusing on banking stocks.
Gold prices fall from the peak of 4,200 USD, the market is unlikely to break out due to lack of momentum
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Gold prices held above $4,000/ounce but lacked momentum to break out, as the market waited for a clearer signal about the interest rate decision from the US Federal Reserve (FED).
