Gold price today, December 18: very sharp drop

On January 18, today’s gold price closed the weekend at $1,2703/ounce, down $21 from the highest price of last night’s trading session, at 2.724 USD/ounce.

Gold prices “evaporated” by tens of dollars today as investors sold for profits, after the price of the precious metal rose for several days in a row.

Another development is that US and European stocks have gone green simultaneously. More specifically, the British FTSE 100, German DAX and Euro Stoxx 50 indices reached record levels. On Wall Street in particular, the Dowjones index increased by 334 points, the Nasdaq by 291 points, the S&P 500 by 59 points.

As a result, investors focus their capital on stocks, resulting in very little money flowing into the gold market. Gold price today above world The descent is inevitable.

Previously, in Vietnam, the SJC gold price as of the end of January 17 was sold by banks for 1 million VND/tael. SJC company sells gold rings for 87.3 million VND/tael.