Gold price today, September 12: Gold dows without bottom, investors sell off

Lan Hương |

Gold prices today, September 12, fell sharply by VND280 thousand/tael, investors continued to sell. The USD increased, stocks recovered, pushing world gold prices down more than 15 USD/ounce, falling deep to the bottom 1 week ago.

Opening this morning's trading session (September 12), DOJI Group listed the price of SJC gold at 36.72 - 36.80 million VND/tael (buy - sell), down 180 thousand VND for buying and down 200,000 VND for selling compared to yesterday's trading session.

SJC gold price at Bao Tin Minh Chau is listed at 36.63 - 36.70 million VND/tael, down 280 thousand VND for buying and 290 thousand VND for selling compared to the same time yesterday. Price of plain round gold rings Dragon Thang Long gold is trading at: 36.01 - 36.46 million VND/tael (buy - sell), down 330 thousand VND in both directions compared to the previous trading session.

At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars was listed at 36.55 - 36.75 million VND/tael (buy - sell), down 280 thousand VND in both directions compared to the same time in yesterday's trading session.

The world gold price is currently listed at 1325 - 1326 USD/ounce (buy - sell).

9999 gold price for December delivery on the New York Comex decreased by 15.7 USD to 1335.40 USD/ounce.

The first resistance level was recorded at a high level during the day at 1344.60 USD and then 1350 USD. The first support level was confirmed at the current low of 1335.20 USD and then 1331 USD.

World gold prices have been adjusted down quite strongly while the USD has recovered after the DPRK did not conduct missile testing during the country's national anniversary (September 9), thereby reducing the attractiveness of safe-haven assets such as gold.

Economic information in the past 8 months of the European region has surprised experts and investors. As the European economy grew more than expected, political risks in the region did not have much impact on the economy. The Euro has gained 15% against the USD.

Fed policymakers are expected to discuss the issue of narrowing the accounting balance sheet at the 2-day meeting from September 19 in Washington. Investors now believe that the Fed will keep interest rates unchanged this month.

This week, investors will pay attention to US inflation data to assess the possibility and timing of the Fed raising interest rates.

On the foreign exchange market, the central exchange rate announced by the State Bank on the morning of September 12 was VND22,434/USD, up 2 VND compared to the previous session. Vietcombank's USD exchange rate today is listed at 22,690 - 22,760 VND/USD (buy - sell), unchanged from the previous trading session.

Lan Hương
TIN LIÊN QUAN

HCMC plans to clear 2,452 households to expand 4 gateway roads

|

Ho Chi Minh City plans to reclaim land from 4,730 households for 4 projects to upgrade and expand National Highways 1, 13, 22, and the North-South axis road. Of which, 2,452 households were cleared.

Intentionally violating legal regulations in 2 hospital projects in Ha Nam

|

The Government Inspectorate pointed out intentional violations of legal regulations in the implementation of 2 hospital projects in Ha Nam.

At the end of this morning's stock market trading session, VN-Index decreased by 47.77 points

|

bottom-fishing demand has appeared but could not help the stock market have a better trading session.

Mr. Trump unexpectedly sets negotiation conditions to reduce counterpart taxes

|

President Donald Trump has said he is ready to negotiate counterpart tax reductions if there is an attractive enough proposal.

The hydraulic hammer - the brainchild of the Vietnam Police Rescue Team

|

The hydraulic clutch was used flexibly by the Vietnam Police Rescue Force during the days of searching for victims after the earthquake in Myanmar.

South Korea removes President Yoon Suk Yeol

|

The Constitutional Court of South Korea upheld the verdict of impeachment of President Yoon Suk Yeol and removed him from office.

Temporarily postponing Hung Temple Entertainment and Entertainment activities during the 2 days of National Day

|

Phu Tho - During the 2 days of comrade Khamtay Siphandone's National Funeral, art, entertainment activities alongside the Hung Temple Festival will be postponed and the time of organization will be postponed.