Opening this morning's trading session (September 13), DOJI Group listed the price of SJC gold at 36.62 - 36.72 million VND/tael (buy - sell), down 100,000 VND for buying and down 80,000 VND for selling compared to yesterday's trading session.
SJC gold price at Bao Tin Minh Chau is listed at 36.62 - 36.70 million VND/tael, down 10 thousand VND for buying and unchanged for selling compared to the same time yesterday. Gold price of smooth round Quotation Dragon Gold Thang Long is trading at: 36.11 - 36.56 million VND/tael (buy - sell), an increase of 100,000 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 36.56 - 36.75 million VND/tael (buy - sell), an increase of 10,000 VND for buying and unchanged for selling compared to the same time in yesterday's trading session.
Domestic gold prices fell to a 1-week low due to the strong decline from world gold prices. The reason is that the recovery of the US dollar and demand for gold are a hedge against the risk of a decrease as tensions on the Korean peninsula temporarily ease.
The world gold price is currently listed at 1331.80 - 1332.80 USD/ounce (buy - sell).
9999 gold price for December delivery on the New York Comex remained unchanged at 1335 USD/ounce.
Gold has had a strong decline of 1.4% since yesterday's trading session. This is the highest daily decrease since the beginning of July this year.
Asian stocks have risen to a 10-year peak, along with the Wall Street stock price also increasing strongly. The US dollar has recovered after Hurricane Irma made landfall in Florida without causing major consequences as initially predicted, contributing to gold's decline in the last 2 sessions.
However, according to analysts, two consecutive super typhoons hit the US in a short time, causing an expected loss of hundreds of billions of USD. This gives the Fed more reasons not to raise interest rates for the rest of the year. This means that the USD will continue to be under downward pressure in the coming time.
The strengthening of the US dollar has also made commodities priced in this currency, such as gold, more expensive for investors holding other currencies. Gold prices are forecast to still reach $1,400/ounce in the next few months.
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 13 was VND 22,438/USD, up 4 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.
