🥇 GOLD PRICE THIS WEEK: DOWN MORE THAN 10% IN JUST 7 DAYS!
Last week was a nightmare for gold holders!
At the beginning of the week on 03/17, the world gold price was $5,023/oz. Just after 7 days, today on 03/23, it is $4,490/oz — evaporating more than $533/oz equivalent to 10% in just 1 week!
Domestic SJC gold also did not escape — down to 11.6 million VND/tael compared to last week.
Reasons: The Fed keeps interest rates high, the USD strengthens, and funds are flowing into US stocks.
Next week? The range of $4,200 – $4,360 is an important support level to watch. If this range is lost, gold may continue to plunge deeper!
⚠️ This article is for informational purposes only. DYOR!