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World gold prices rebound
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World gold market closed yesterday in the US with more than 8 USD, while increasing demand at the bottom next to the lowest price at nearly 6 years.
Purchasing PMI index of Chicago (index includes data on output, procurement situation, the jobs data, the number of inventory, and pricing ...) has dropped its sixth year shows that the economic situation remains difficult.
On the other hand, the demand at bottom appeared on the market is also a cause to support precious metals prices up sharply. From $ 1055 mark, relentless price increases, continued to destroy the landmark 1,060, 1,065 and 1,070 dollars coming hits.
Then prices fell slightly and closed at $ 1065 US 30/11, up almost 8 USD against previous closing. Gold for February delivery also rose 9 closing the first week USD, up close to $ 1,065.3.
Asian markets opened this morning with cautious sentiment, prices fluctuated in a narrow range, sometimes to nearly $ 1,063 an ounce and then to 7h50, Hanoi time again to $ 1,064.8.
If based on the bank exchange rate, world gold each conversion is worth around 28.91 million (not including taxes, fees and processing ...). Meanwhile, the closing price of gold bullion in 30/11 countries revolve around 32.96 to 33.02 million.
Together with the upward momentum of precious metals, other markets can also increase. Accordingly, silver prices rose 0.02% yesterday to $ 14.07 an ounce.
But the gold market rallied in the last day but technically, gold is still in a downtrend. And the long-term support of this precious metal was $ 1,050.
Lệ Chi (VnExpress)
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18/8/2025
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