Eximbank Gold Trading Center has published a gold market report in 2018.
Studies report, a pre-statement of a year that respects US economic policies by US President Donald Trump, disagreement in the Brexit talks and tensions of US-North Korean, prices international gold a year 2018 is largely changing in downward trend.
In the first 10 months of 2018, international gold prices fell by 6.8%, from the opening price of $ 1,302.49 per units, the highest price of gold was in January at 1,366.07 USD / oz and fell to The lowest level on August was $ 1,159.96 per units and closed at the end of October at $ 1,214.14 per unit.
One of the main reasons for the pressure on gold prices is to be a? significantly affect the dollar in the first 10 months of the year. The 5.3 per cent dollar rises against other major money ahead of the positive performance of the US economy, keep inflation near its target and improve market markets. The deer decided to raise interest rates three times in a row in March, June and September. It is expected that the Fier will raise interest rates for this year's fourth-year tour in December, three additional trips in 2019 and one in 2020. However, President Donald Trump criticize the Force Reserve to raise levels of interest. It was previously complained that the Deer's Dying actions had its efforts to stimulate the economy. Jerome Powell, who was appointed chairman of the deer by President Trump earlier this year, said the deer would keep his independence. This means that gold prices are still under pressure in the future.
A recent special event that has indirectly impacted indirectly on the price of gold is the trade tension between the United States and China. Since the beginning of the year, the US has introduced three times from an export from China. At this time, $ 250 billion goods introduced from China are subject to the US New Deal. The world's largest nation has responded in the same way, raising concerns about a wide-ranging war. Reservoirs said the United States suffered their damage to their destruction. trade with China, who helped the dollar benefit. Gold that is sold in a dollar is more expensive for investors who hold other money.
On the other hand, US-China's trade war has a direct impact on global growth. The International Financial Fund (IMF) has been deploying global economic growth for its first time since 2016. Along with the revision of the impact of the Deer settlement, in early October 2018, the sale investments on the US stock market. This event has spread and declined global stock decline. Gold has now reinforced its safest traditional secure position after a while. In October 2018, the international gold price rose by 1.87 per cent, finishing the decline six months later, the longest since August 1996 – January 1997. In November, Prices continue to grow better and November 21 to about $ 1,220 / oz.
In the domestic gold market, the price of gold was SJC in The first 10 months of 2018 is otherwise a range of VND36.35 – 37.25 million / tael. The price between the price of international gold prices for domestic gold was unchanged as it was balanced by the USD / VND exchange rate increase.
Eximbank Gold Trading Center said that international gold prices from now until the end of 2018 continue to continue to continue, struggling next to the road to recover in the first month of the year when the support information is & # 39; going on. Maintaining as: political inequality in the world's website (Syria, Iran, Turkey …); an uncertain context of the Brexit talks and the Italian budgetary situation that gives investors responsibility to the health of European economies; Selection choices consistent with the Democratic Democratic Democrats in the House as President Trump weaken and weaken. addressing sanctions that may be associated with the 2016 election campaign.
Apart from that, coupled with the price of gold and the gold gold demand at the end of the year, the price of gold in SJC in the country can increase to 36.6 – 37 million VND every time from now on to date. year, from 36.4 to 36.5 million VND / tael.