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Gold and Silver Prices Surge in Domestic Market Amid Rising Demand
On May 4, gold and silver prices in the domestic market experienced a notable increase, reflecting a growing interest among investors seeking safe-haven assets amid heightened economic uncertainty. SJC gold bars reached a price of 166.6 million VND per tael, while silver prices surged to 78 million VND per kilogram. This uptick in precious metal prices comes as market sentiment remains cautious, with investors reacting to fears surrounding inflation and geopolitical tensions. The simultaneous rise in both gold and silver suggests a robust demand for these commodities, which are often viewed as a hedge against market volatility. As global economic conditions continue to fluctuate, the appeal of precious metals may strengthen, drawing more attention from investors looking to preserve capital in a climate marked by extreme fear and uncertainty.
This event shapes the Gold pulse.
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