Gold Price Today 3/9: World Gold Price Fluctuates Slightly

The domestic gold market has no transactions due to holidays, while world gold prices fluctuate slightly, the difference between the two markets is over 6.9 million VND / tael. The world gold market (Transaction at 8:30 am Vietnam time): Gold price is listed at 1,810.80 USD / ounce, an increase of 1.2 USD / ounce compared to the previous session

. Redemption of world gold prices according to the exchange rate of Vietcombank (22,880), equivalent to VND 50.47 million / tael. Lower domestic gold price is about 6
9 million dong / tael. According to analysts, the price of gold is less volatile because investors are waiting for US labor data from the US in non-agricultural payrolls. These data may affect the decision to reduce the purchase of the US Federal Reserve (FED). The high-level market analysis in Oanda, Mr. Edward Moya, said gold will continue to consolidate until there is a labor market report. Powerful US economic data can promote the dollar and thereby putting pressure on the gold price. The gold price fluctuates near the peak in July is 1,833 USD / ounce and job data will be an important factor for This precious metal price. In case the gold can break down on the 1,833 USD / une, it will return to the price increase channel. In the meantime director of Wisdom Tree, Mr. Nitesh Shah said that looking at the dollar, interest rates and inflation, Gold prices should trade around 2,000 USD / ounce
However, the plan to reduce FED bonds at the end of the year and the ability to raise interest rates at the end of 2022 can limit gold prices in the future. The Shah is expected, gold prices will increase to 1,970 USD / ounce in the fourth quarter / 2021 and later and decreased back to 1,860 USD in the second quarter of 2022. "Gold is facing some difficulties, but this precious metal is being valued too low and there is a risk that the market will witness A gave adjustment increases. One of the reasons to make it difficult for gold in finding traction is that inflation investors will only be temporary - according to the opinion of the Fed, "said Shah. In the domestic gold market: Price SJC gold at Saigon Jewelry Company - Hanoi Branch is listed at 56,65-57.37 million VND / tael (buying - sold). Maintaining the price of 2-way purchase and sold compared to the opening of the trading session on September 2. The gold-selling price difference is VND 720,000 / tael. In the meantime, SJC gold price of Phu Quy Group is at VND 56.70-57.70 million / tael (buying - selling). Maintaining the price of 2-way purchase and sold compared to the opening of the trading session on September 2. The difference in buying - selling gold 1 million / tael. In Doji Group, gold price listed at VND 56,50-57.50 million / tael (buying - selling). Maintaining the price of 2-way purchase and sold compared to the opening of the trading session on September 2. Gaping purchase price - Selling gold 1 million dong / tael.

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