Gold Prices Rose To The Highest Level In A Year

Although world gold prices fell this week, domestic gold price increased by 800,000 dong / tael compared to the end of last week, currently trading in the highest region since the middle of August 2020.0: 00/3: 46 South gold market The world closed the trading week in early October with the trend of narrow range fluctuations around 1,760 USD / ounce. In the last session, last week (Vietnam now), the price of gold spot on New York floor closed at the level USD 1,757.1 / ounce, an increase of 1.7 USD compared to the previous session

. However, compared to the last week, the spot gold price here recorded a decrease of nearly 4 USD. Similar variables also recorded with future gold prices delivered in December when closing the week below 1,760 USD / ounce compared to With the previous week.Theo analysts, gold prices are recording less positive trading status when it cannot be recovered back to USD 1,800, despite US September job data much lower than the project
Newspaper, Report US September job data announced this week only recorded 194,000 new jobs created in the last month, much lower than the forecast of experts of 500,000 jobs. The price of gold bars in the country has increased close to 58 million dong / tael, the highest in a year ago. Photo: Chi Hung. This will impact the decision of the US Federal Reserve (FED) on cutting bond purchases (currently at 120 billion USD / month) in November. FRANK CHOLLY , Rjo Futures's senior market strategist, said that poor positive information about the job market is good news with gold prices. Because when the economy has not recovered as expected, the FED will not be able to fiercely cut bond purchases and raise interest rates in the near future. Real gold price This week has a period of 20 USD, to 1,781 USD / Ounce. However, investors have lower-selling buying and selling prices that have caused gold to break more. Experts think that a supporter is needed large enough to pull gold prices back to 1,800 USD / ounce. However, this is difficult to appear in the coming time when the stock market and digital money are still actively traded
With a narrow range of world gold prices, the price of gold in the country Recognizing a strong uptrend for 2 consecutive weeks. Currently, the price of gold bars in most businesses has been close to 58 million dong / tael, the highest level of 1 year ago., In the last session today (9/10), Gold Company Limited Saigon gemstone (SJC) continues to raise gold prices to 57.25 - 57.95 million dong / tael (buy - sell), higher than VND 100,000 compared to 8 / 10. This is also the session The fifth consecutive of SJC gold pieces this week. Compared to the end of last week, selling prices in SJC increased by over VND 800,000 / tael. If compared to the middle of the previous week, the price of SJC gold pieces rose 1.1 million dong. The nearest gold SJC is sold above 57.95 million / tael to take place from the middle of August. / 2020. Phu Nhuan Gemstone Gold Joint Stock Company (PNJ) After increasing gold price of 300,000 VND 8/10, today continues to increase by VND 100,000 / tael, currently accepting buying at 57.2 million / tael And sold at 57.9 million, the highest one last year ago.So with last week, gold price in PNJ also increased by over VND 1 million. In that time, after many consecutive horizontal sessions, gold prices The rings made by PNJ also recorded today's rally, currently at 50.6 - 51.6 million dong / tael, higher than 100,000 VND compared to the previous session. However, compared to the beginning of September, the gold price of PNJ rings is still lower than 1.1 million VND. Doji Gemstone Gold Group today maintains the price of gold bars at 57.8 million / tael compared to August 8. / 10, but raised the purchase price to VND 57 million, higher than 100,000 VND compared to the previous session. In this week, the gold price in Doji has also increased by nearly half a million dongs of world gold converted to Vietnam with about 48.5 million / tael, lower than domestic transactions about VND 9.5 million / Wins.

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