[ad_1]
Before that, on September 23, the price of gold rose from $ 1,900 / ounce to $ 1,880 / ounce, then rose to $ 1,894 / ounce, and then plunged deeply to $ 1,854 / ounce. On the morning of September 24, gold prices struggled to climb to $ 1,859 / ounce.
The price of gold on September 24 “evaporated” 41 USD / ounce, equivalent to 1 million VND / tael (Photo: THY THO)
The tragedy of gold prices is that global investors sell out. Consequently, in a trading session that lasted from 7:00 p.m. on September 22 to 2:00 a.m. on September 23, several international financial institutions sold 1.9 tons of gold; in which, the largest gold investment fund in the world, SPDR Gold Shares, sold 0.58 tons, after buying 31.8 tons of gold in the previous trading session.
Analysts believe investors may think that many preventive Covid-19 vaccines will soon be put into use, with economic recovery even though the epidemic is complicated. From there, they decided to sell gold when the price of this precious metal tended to fall.
On the other hand, the continuous increase in the number of Covid-19 infections in several European countries has led financial investors to constantly invest capital in USD, which makes this currency stronger and stronger and continues to sink prices. . gold and I don’t know when the price of this precious metal will rise sharply.
“We are seeing a market with many risks, which means that the dollar continues to strengthen, causing gold prices to fall dramatically in the short term,” said Howie Lee, an expert at OCBC Bank (Singapore).
The Vietnamese market on September 23 had no chance of prospering. SJC’s gold price plummeted 300,000 VND / tael, from 56.15 million VND / tael to 55.85 million VND / tael, about 3.7 million VND / tael higher than the world gold price converted from 52.15 million / tael
[ad_2]
