24h Economy: Gold ring price suddenly reverses

Phương Anh |

Gold ring price increases; 6-month bank interest rate; Bitcoin stagnates; Yen's ability to recover... are notable economic news in the past 24 hours

Gold ring price increased by 1.4 million VND

Gia vang nhan tang 1,4 trieu dong. Anh: Phan Anh
Gold ring price increased by 1.4 million VND. Photo: Phan Anh

As of 5:45 p.m., DOJI Group listed the price of SJC gold bars at 81-84 million VND/tael (buy - sell).

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 81-84 million VND/tael (buy - sell).

Bao Tin Minh Chau listed SJC gold price at 81.2-84 million VND/tael (buy - sell).

Currently, the difference between the buying and selling price of gold is listed at around 3 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.

As of 5:45 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82.4-83.7 million VND/tael (buy - sell), an increase of 1.4 million VND/tael for buying and an increase of 1 million VND/tael for selling compared to the close of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 82.03-83.48 million VND/tael (buy - sell); increased by 1 million VND/tael for buying and increased by 800,000 VND/tael for selling. See more...

3 banks with the highest interest rates for 6-month term

BacABank is listing the highest interest rate for a 6-month term at 5.6%/year when customers receive interest at the end of the term. For other terms, BacABank lists interest rates ranging from 0.5-6.35%/year.

NCB listed the highest interest rate for a 6-month term at 5.55%/year when customers deposit savings at An Phu. If customers deposit traditional money, they will only receive interest rates of 5.45%/year.

NCB lists the highest interest rate at 5.8% when customers deposit money from 12-60 months.

Cake by VPBank lists the highest interest rate for a 6-month term at 5.3%/year when customers receive interest at the end of the term. Currently, Cake by VPBank lists the highest interest rate at 6.1% when customers deposit money for 24-36 months or more.See more...

Bitcoin shows signs of slowing down

Bitcoin co dau hieu chung lai. Anh: Bitcoin
Bitcoin shows signs of slowing down. Photo: Bitcoin

In the trading session on November 18 (Vietnam time), the price of Bitcoin on Binance decreased by 1.24% to $89,688.

Notably, in the past 24 hours, the world's largest cryptocurrency traded at a low of $88,779 and at one point reached a high of $91,462.

Also according to CoinMarketCap, today, Bitcoin trading volume reached about 46.38 billion USD. Market capitalization remained at 1,773 billion USD.

On the Binance tracker, other virtual currency prices witnessed notable fluctuations such as Ethereum price decreased by 2.20%, at 3,076 USD; BNB price decreased by 1.19%, at 617.80 USD; SOL price increased by 8.64%; XRP price decreased by 5.53% compared to yesterday's trading session.

According to experts, the current fever requires investors to have a cautious approach.

Investors should be cautious about placing all their hopes on one currency, and focus more on building a system that is robust enough to withstand shocks.

Japanese government intervenes to "push" the Yen up

Chinh phu Nhat can thiep “day” dong Yen bat tang. Anh: Xinhua
The Japanese government intervened to "push" the Yen up. Photo: Xinhua

According to FXStreet, on November 18, the Japanese Yen (JPY) increased slightly against the USD after falling to a record low earlier, thanks to the Japanese government's possible intervention in the foreign exchange market to help the Yen.

Bank of Japan Governor Kazuo Ueda said the BoJ will continue to raise interest rates if the economy and prices develop as expected. Ueda also commented that the Japanese economy is recovering gradually, although there are some signs of weakness, and the timing of the rate hike will depend on the economic and price situation.

Separately, Japanese Finance Minister Katsunobu Kato warned on Friday that the Japanese government will monitor the foreign exchange market very closely and will intervene if there are too many fluctuations.

However, the possibility of the Japanese Yen rising sharply remains unclear as there is no official information on whether the Bank of Japan (BoJ) will raise interest rates or not. In addition, positive market sentiment also makes it difficult for the Japanese Yen to rise sharply. See more...

Phương Anh
TIN LIÊN QUAN

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Update on the closing price of gold on November 18: Gold rings increased by 1.4 million

Khương Duy |

Updated gold price closing session 11/18 recorded a strong increase in both domestic and world markets.

24h Economy: Experts predict gold price next week

Phương Anh |

Gold price forecast for next week; Gold ring price increases; Bitcoin increases again; Bank with highest interest rate... are notable economic news in the past 24 hours

24h Economy: Gold price decline continues

Phương Anh |

Today's gasoline prices all decreased; Gold prices continued to decrease; Off-season durian prices hit a new peak... are notable economic news in the past 24 hours.