(TBTCO) – This morning, world and domestic gold prices continued to increase. On the world market, the price increased by 14,885 USD/ounce compared to the same time yesterday morning. Domestically, JSC gold of the PNJ brand was also adjusted to increase by 600 thousand VND/tael.
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| Source: Rong Viet Online Services Joint Stock Company VDOS – Updated at 07:06 (December 15, 2023) |
World market
Surveyed at 5:00 a.m. today (Vietnam time), according to Kitco, the spot gold price was at 2,035.99 USD/ounce, an increase of 14,885 USD/ounce compared to the price at the same time yesterday morning.
Converted at the current exchange rate at Vietcombank, world gold costs about 58,831 million VND/tael (excluding taxes and fees). Thus, SJC’s gold bar price is still higher than the international gold price of 14,469 million VND/tael.
Domestic market
Along with the increase in world gold prices, this morning, gold prices on the trading floors of some companies at 5:30 a.m. increased simultaneously from 500 – 600 thousand VND/tael. The special thing about this session is that businesses almost adjusted their buying and selling prices to no difference.
Specific prices of brands are as follows:
SJC gold price in Hanoi is listed at 73.3 – 74.32 million VND/tael (buying – selling), increasing by 500 thousand VND/tael on the buying side and 520 thousand VND/tael on the selling side.
DOJI Group’s 999 gold is listed at 73.3 – 74.3 million VND/tael (buy – sell), an increase of 500 thousand VND/tael in both directions.
PNJ’s SJC gold is listed at 73.3 – 74.3 million VND/tael (buy – sell). This brand has increased to 600 thousand VND/tael in both buying and selling directions.
Vietinbank Gold’s SJC gold listed at 73.3 – 74.32 (buy – sell) increased by 500 thousand VND/tael in both buying and selling directions.
SJC gold price at Bao Tin Minh Chau Co., Ltd. was also traded by businesses at 73.35 – 74.3 million VND/tael (buying – selling), an increase of 420 thousand VND/tael on the buying side and 500 VND/tael on the buying side. thousand VND/tael in the selling direction.
At Bao Tin Manh Hai is listed at 73.3 – 74.52 million VND/tael (buy – sell), an increase of 500 thousand VND/tael on the buying side and 520 thousand VND/tael on the selling side. .
At Mi Hong Jewelry Company, SJC gold price is at 73.4 – 74.1 million VND/tael (buy – sell). Increase 500 thousand VND/tael in both buying and selling directions.
Forecast
According to the CME Fedwatch tool, after the Fed’s statement, traders are pricing in a nearly 60% chance that the US will cut interest rates in March 2024.
David Meger, High Ridge’s director of metals trading, said that gold’s current upward trend will be a sustainable price increase.
Forexlive.com chief currency strategist Adam Button noted the Fed has moved closer to market expectations; This shows that the market is moving in the right direction./.
