(TBTCO) – This morning’s trading session, gold prices on the world market only decreased slightly and tended to move sideways. In the domestic market, businesses continue to adjust the price further by 100 – 400 thousand VND/tael. However, the domestic gold price is still higher than the world’s by over 15 million VND/tael.
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| Source: Rong Viet Online Services Joint Stock Company VDOS – Updated at 06:02 (December 13, 2023) |
World market
Surveyed at 5:00 a.m. (Vietnam time), according to Kitco, spot gold price was at 1,980,160 USD/ounce, down 0.51 USD/ounce compared to the same survey time yesterday morning.
Converted at the current exchange rate at Vietcombank, world gold costs about 57,242 million VND/tael (excluding taxes and fees). SJC’s gold bar price is still higher than the international gold price of 15,358 million VND/tael.
Gold prices tend to be stable, not changing much in terms of prices being limited below the psychological level of 2,000 USD and sellers holding at the support zone of 1,980 USD after the release of the US consumer price index report, which This has caused cautious optimism ahead of the Federal Reserve’s monetary policy decision.
Domestic market
Surveyed at 5:30 am, on the trading floors, prices were adjusted by some brands down from 100 to 400 thousand VND/tael compared to the same time yesterday morning.
Specific prices follow:
JSC gold in Hanoi was listed at 72.6 – 73.63 million VND/tael (buy – sell), this brand adjusted to decrease 150 thousand VND/tael in both buying and selling directions.
DOJI Group’s 999 gold is at the mark of 72.4 – 73.5 million VND/tael (buy – sell), this brand adjusted to decrease 200 thousand VND on the buying side but decreased to 400 thousand VND/tael on the afternoon side. sold out.
SJC gold of PNJ brand is listed at 72.5 – 73.5 million VND/tael (buy – sell), simultaneously decreasing by 300 thousand VND/tael in both directions.
SJC gold at Vietinbank Gold was listed at 72.6 – 73.62 million VND/tael (buy – sell), simultaneously decreasing by 150 thousand VND/tael in both directions.
At Bao Tin Minh Chau Co., Ltd., SJC gold price was also traded at 72.68 – 73.55 million VND/tael (buy – sell). This brand only adjusted 70 thousand VND/tael on the buying side and 100 thousand VND/tael on the selling side.
At Bao Tin, Manh Hai is being traded at 72.5 – 73.7 million VND/tael (buy – sell). Reduced 250 thousand VND/tael on the buying side and 270 thousand VND/tael on the selling side.
At Mi Hong Jewelry Company, SJC gold price is at 72.6 – 73.4 million VND/tael (buying – selling), down 200,000 VND/tael on the buying side and 100,000 VND/tael on the buying side. quantity on the selling side.
Forecast
Ricardo Evangelista, senior analyst at ActivTrades, said the likelihood of gold rising in the near term once again above $2,000 will depend on what happens today with US inflation data.
An upbeat US jobs report released last week limited hopes that the US Federal Reserve (Fed) could lower interest rates as soon as March.
The US Consumer Price Index (CPI) report will be published at 1:30 p.m. (local time).
Economists polled by Reuters expect headline U.S. inflation to be unchanged in November and core inflation to stabilize at 4% annually – well above the Fed’s 2% target. /.
