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

The domestic gold market has no transaction due to holidays, while world gold prices fluctuate slightly, the difference between the two markets is over VND 7.5 million / tael 9: 00/2: 23th 3/9 Vietnam's time, the world gold price is standing at 1,809 - 1,810 USD / ounce, a slight decrease of 0.4 USD per ounce. In the previous 24 hours of trading, the world gold price recognized the lowest level at 1,804 USD / ounce and the highest was 1,818 USD / ounce. The world world decreased slightly but still anchored at a high price of over 1,800 USD / oz

.theo The analyzer, the price of gold is less volatile because investors are waiting for US in August labor data from 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 that the gold has difficulties in finding traction is that inflation investors will only be temporary - in the opinion of the Fed, "said Shah
In the domestic market, closing the market Transaction 1/9, Doji listed SJC gold price in Hanoi area at 56.50 - 57.50 million dong / tael (buying - selling). Saigon Gemstone Gold Company listed SJC gold price At 56.70 - 57.40 million dong / tael (buying - sold). Statistics from Kitco showed that in the latest 30 days, world gold prices fell 1.3 USD but increased 70.9 USD in 6 months of return. Peace

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