The world gold spot price is around the threshold of nearly 2,191 USD/ounce, a sharp increase of 12 USD/ounce compared to the transaction at the same time yesterday morning.
Yesterday, the global financial market received further information that the European economy did not improve much. Specifically, Europe's consumer confidence in March, although as expected, still decreased by 14.9 points. The business environment also only slightly decreased from negative 0.41 points last month to negative 0.3 points in March. Consumer inflation expectations for March in this region decreased from 15.4 points to 12.3 points. .
Thus, the business environment and consumer confidence in the European economic area in March did not improve much, investors were worried that the world economy would still face difficulties. Therefore, they have stepped up their gold purchases to reserve capital and seek profits.
On the other hand, gold prices also benefited when Russia was terrorized at the concert hall in the Crocus shopping center in Krasnogorsk, Moscow region 6 days earlier. And a ship collapsed the largest bridge in the US city of Baltimore - Francis Scott Key, leading to water transport activities in the second largest port in the US.
The above-mentioned terrorist attacks have affected the major economies of Russia and the United States. In particular, waterway transportation at the second largest port in the US will be interrupted, affecting the circulation of goods in and out of the US. Experts say that in the short term, gold prices are still supported as geopolitical tensions continue and economic data is mixed.
Yesterday, the global financial market received further information that the European economy did not improve much. Specifically, Europe's consumer confidence in March, although as expected, still decreased by 14.9 points. The business environment also only slightly decreased from negative 0.41 points last month to negative 0.3 points in March. Consumer inflation expectations for March in this region decreased from 15.4 points to 12.3 points. .
Thus, the business environment and consumer confidence in the European economic area in March did not improve much, investors were worried that the world economy would still face difficulties. Therefore, they have stepped up their gold purchases to reserve capital and seek profits.
On the other hand, gold prices also benefited when Russia was terrorized at the concert hall in the Crocus shopping center in Krasnogorsk, Moscow region 6 days earlier. And a ship collapsed the largest bridge in the US city of Baltimore - Francis Scott Key, leading to water transport activities in the second largest port in the US.
The above-mentioned terrorist attacks have affected the major economies of Russia and the United States. In particular, waterway transportation at the second largest port in the US will be interrupted, affecting the circulation of goods in and out of the US. Experts say that in the short term, gold prices are still supported as geopolitical tensions continue and economic data is mixed.
Comment:
Gold prices rose to a record high at the end of trading on Thursday, recording their best month in more than three years, driven by expectations of a cut in US interest rates and strong demand for safe havens.
Comment:
Comment:
The influential investment bank has shifted its outlook on commodities to buy as early as 2024, citing cyclical and structural support for demand, and the role of commodities as a hedge against geopolitical risks.
Comment:
Looking back at last week's economic data released by the US, the market believes that gold prices may be under downward pressure, with gold speculative positions falling during the week.
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🔹UK recession confirmed.