Gold price today 2.9: Sharp increase, "stable" at the top of 10 months

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Gold prices today (September 2) have continued to increase strongly since the opening of the trading session and stood firmly at the highest peak of 10 months. Weak inflation prospects and a declining USD have caused investors to seek gold as a safe haven.

Opening this morning's trading session (September 2), DOJI Group listed the price of SJC gold at 36.58-36.66 million VND/tael (buy in - sell out), an increase of 80,000 VND for buying and an increase of 10,000 VND for selling compared to the same time in yesterday's trading session.

SJC gold price at Bao Tin Minh Chau is listed at 36.59-36.65 million VND/tael, up 60 thousand VND in both directions compared to yesterday. Gold price of smooth round Quotation Dragon Gold Thang Long is trading at: 35.9 2-36.37 million VND/tael (buy in - sell out), an increase of 180 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 36.49-36.68 million VND/tael (buy in - sell out), unchanged in both directions compared to the same time yesterday.

World gold price is currently listed at 1324.40 - 1325.40 USD/ounce

9999 gold price for December delivery increased by 1.3 USD/ounce to 1323.70 USD/ounce.

There are 3 most notable information affecting gold prices in yesterday's trading session.

First, the lower-than-expected US employment figures are one of the reasons for gold prices to rise to a 10-month peak. This has eased speculation about the possibility of the Federal Reserve (Fed) raising interest rates again in December.

Second, tensions between the US and North Korea continue to make investors seek gold as a safe haven.

Third, platinum, another precious metal, also surged to a 16-year high amid concerns about the devastating storm Houston. USD Index price decreased. Experts are concerned that US GDP will decline in the third quarter as hurricanes and consecutive heavy rains have swept through Houston, Texas, including major refineries. This will reduce US gasoline supply, which could cause crude oil to decline and gasoline prices to increase in the coming time.

In the foreign exchange market, the central exchange rate announced by the State Bank on the morning of September 2 was 22,443 VND/USD, unchanged from the previous session. Vietcombank's USD exchange rate today is listed at 22,695 - 22,765 VND/USD (buy - sell), unchanged in both directions compared to the previous trading session.

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