Opening this morning's trading session (September 3), DOJI Group listed the price of SJC gold at 36.58-36.66 million VND/tael (buy in - sell out), unchanged in both directions compared to the same time in yesterday's trading session.
SJC gold price at Bao Tin Minh Chau is listed at 36.60-36.66 million VND/tael, up 10 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), unchanged 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 a day before.
According to PNJ experts, domestic gold bar prices since the beginning of September have continued to widen the gap compared to world gold prices at over VND1 million/tael, which is also a fairly high difference, so the domestic gold bar trading volume in recent days has been quite quiet, most domestic investors are still on the sidelines to monitor market developments.
In contrast to the cautious psychology of domestic investors, foreign investors are actively buying, causing world gold prices to continuously break new peaks. Gold has hit an 11-month peak in the weekend trading session. 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.
Military tensions between the US and North Korea, lower-than-expected information on the US employment report, and the consequences of Hurricane Harvey could cause US economic indicators to decline in the third quarter of 2017. Experts predict that the Fed will hardly be able to raise interest rates in December, which will make the USD down and gold more "sparkling" in the eyes of investors in the coming time.
Mr. Colin Cieynski - Market Strategy Director of CMC Markets - predicts that gold will continue to stay strong around the price range of 1300 - 1330 USD/ounce next week".
In the foreign exchange market, the central exchange rate announced by the State Bank on the morning of September 3 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.
