Gold, considered a safe shelter asset in times of geopolitical uncertainty, has reached record levels since Trump first announced tariffs, financial analysts say.
| The world gold fell to almost $ 3.310 an ounce. |
However, President Trump and British prime minister Keir Starmer have just announced an innovative commercial agreement. The 10% tariff on the imported goods of the United Kingdom will remain in force, while the United Kingdom agrees to reduce tariffs from 5.1% to 1.8% and expand access to US products.
Therefore, if the tariff policy continues to cool in the next time, it will be an important barrier to gold, a precious metal. Even more notable, financial analysts believe that if an agreement is reached between the United States and China, there will be many obstacles to the upward trend and the gold prices are expected to fall to about $ 3,200 a ounce. The Secretary of the United States Treasury, Scott Besent, and the United States commercial representative, Jamieson Greer, plan to meet with China’s main economic official on Saturday (May 10) in Switzerland.
In addition, the USD index (DXY), which measures the strength of the dollar against other important currencies, recovered and exceeded 100 points this morning. The dollar rose abruptly in front of the Japanese Yen, considered safe refuge, and the Swiss Franco, since the nervousness of the market was relieved thanks to a bilateral commercial agreement between the United States and the United Kingdom when President Donald Trump yesterday announced an important commercial agreement with the United Kingdom that would impose a 10% basic tariff to imports from the United Kingdom, including vehicles.
However, JP Morgan predicts that gold prices could reach $ 4,000 per ounce in the next 12 months, even while the global economy continues to grow, emphasizing the role of gold in asset diversification strategies in the midst of many uncertainties. Because in the context of volatile markets, diversification and exchange strategies are the key to effective risk management, especially if the commercial war continues to increase.
-At the same time, the Federal Reserve (FED) will continue to make monetary policy moreland without further cutting interest rates in its recent meeting, but will continue to monitor the market and tariff policies. JP Morgan predicts that the Fed will cut the rates twice this year and twice in 2026, carrying the final rate to 3.5%. However, the Fed could be limited by inflationary pressures if the types rise again.
However, experts in the gold sector also recommend that investors be cautious about the current heat of gold, a precious metal. Because once the price of gold has increased rapidly, it will be difficult to avoid reversal, so it is necessary to monitor the evolution of the commercial war, the global geopolitical situation, as well as the FED rate cut -of -rate cutting map in the coming months, although gold remains a safe refuge.
This morning, the international price of Gold dropped to almost 3,300 USD/ounce, which caused the price of the Domestic SJC Golden bar decreased slightly compared to the session yesterday . However, if it becomes according to the exchange rate that quotes the banks, the internal price of the SJC gold bullion is still around 16 million VND/Tael higher than the international price of gold this morning.
This morning, the State Bank indicated that the central exchange rate was 24,951 VND per dollar, an increase of 14 VND compared to yesterday. Meanwhile, commercial banks maintained the price of the stable dollar at a high level. In Vietcombank, the purchase is 25,750 – 25,780 Vnd/USD, the sale is 26,140 Vnd/USD.
Fuente: https://baodautu.vn/vang-the-gioi-quay-dau-giam-ve-sat-3300-usdounce-gia-vang-sjc-1202-trieu-dongluong-d280685.html
