Global gold prices fluctuate within a narrow range, around 5,000 USD, as investors continue to monitor US-Iran tensions and await further inflation data.
Global gold prices experienced a significant drop, at one point losing 140 USD early this morning, as positive developments in nuclear negotiations between My and Iran diminished safe-haven demand.
Two women from Cam Lac commune reported to police after finding a handbag containing three gold rings valued at over 30 million VND on national highway 1, seeking assistance to locate the owner on the afternoon of 12/2.
Gold's safe-haven role remains unchanged, but according to a UOB Bank expert, the market needs time for speculative activity to subside, allowing prices to stabilize and establish a new baseline.
The Ministry of Finance believes that the regulation to apply tax on gold bars will not disrupt the market, and is a necessary step to help limit speculation.
Profit-taking has concluded, creating new buying opportunities for investors and potentially driving gold prices back towards the 5,000 USD mark, according to experts.
