Gold price today, March 25: Sharp drop

(NLDO) - Gold prices today plunged amid strong gains in US stocks and attractive bond interest rates for investors...

Gold price in the world today decreased

At around 6:00 a.m. on March 25, the world spot gold price was at 3,012 USD/ounce, down sharply by 20 USD compared to the highest price in last night's trading session of 3,032 USD/ounce.

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Gold prices fell today as US stocks were all in the green. The Dow Jones index rose sharply by 597 points, the Nasdaq rose by 404 points and the S&P 500 rose by 100 points. As a result, many people focused their capital on stocks, weakening their gold purchasing power. The decline in gold prices today was inevitable.

On the other hand, bond interest rates of up to 4.3% also stimulated investors' interest in bonds. Therefore, the cash flow into precious metals is increasingly limited. Today's gold price is under more downward pressure, forcing some investors to sell to take profits.

In Vietnam, at the end of yesterday, March 24, the price of SJC gold and gold rings was simultaneously sold by traders at 97.6 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-25-3-sut-giam-rat-manh-196250325062946912.htm