The USD has fallen to a 15-month low. Military tensions in North Korea continue to be the main reason for the recent consecutive increase in gold prices.
Opening this morning's trading session (September 6), DOJI Group listed the price of SJC gold at 36.70 - 36.86 million VND/tael (buy - sell), down 20 thousand VND for buying and up 60 thousand VND for selling compared to the same time in yesterday's trading session.
SJC gold price at Bao Tin Minh Chau was listed at 36.74 - 36.81 million VND/tael, unchanged in both directions compared to the same time yesterday. Price of plain round gold rings Dragon Thang Long gold is trading at: 36.29 - 36.74 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 36.69 - 36.86 million VND/tael (buy - sell), an increase of 40 thousand VND for buying and a decrease of 40 thousand VND for selling.
According to PNJ experts, although the world gold price is constantly fluctuating, the reaction of domestic gold prices is still quite stable, as of 4:00 p.m. yesterday, the selling price of gold is stable at 36.77 - 36.80 million VND/tael. The trading volume of gold bars at PNJ Company yesterday, September 5, reached more than 350 VND, the buying and selling ratio was quite balanced, most of which were still only small-scale transactions conducted in Ho Chi Minh City and Hanoi.
The world gold price is currently listed at 1,341 - 1,342 USD/ounce (buy - sell).
9999 gold price for December delivery on the New York Comex increased by 12.8 USD to 1,343.10 USD/ounce.
World gold prices have skyrocketed to an 11-month peak, military tensions in North Korea are the main reason for pushing gold prices up. Investors are rushing to buy gold as a safe haven at the moment.
Experts predict gold prices are rising sharply. The first resistance zone was recorded at the current high of 1,345.50 USD/ounce and then 1,350 USD/ounce. The first support level was confirmed at the current low of 1,331.10 USD/ounce and then 1,325 USD/ounce.
A notable piece of information that will affect gold prices this week is the speech of European Central Bank (ECB) President Mario Draghi and important economic data will be released after the monetary policy meeting on this Friday.
On the foreign exchange market, the central exchange rate announced by the State Bank on the morning of September 5 was VND22,434/USD, down 5 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.