Opening this morning's trading session (October 10), DOJI Group listed the price of SJC gold at 36.46-36.60 million VND/tael, down 30 thousand VND for buying and up 30 thousand VND for selling compared to yesterday's trading session.
Gold price today at Bao Tin Minh Chau is listed at 36.52-36.58 million VND/tael, up 20 thousand VND in both directions compared to the same time yesterday. Gold price of smooth roundtails Dragon Gold Thang Long is trading at: 35.37- 35.82 million VND/tael (buy in - sell out), an increase of 10,000 VND in both directions compared to yesterday's trading session.
At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars was listed in Hanoi at 36.51-36.59 million VND/tael (buy in - sell out), an increase of 10,000 VND in both directions compared to the same time in yesterday's trading session.
The world gold price (spot gold) is currently listed at 1285.70 - 1286.70 USD/ounce (buy - sell).
9999 gold price for December delivery on the New York Comex increased by 8.7 USD to 1283.70 USD/ounce.
World gold prices increased again due to concerns about escalating tensions on the Korean peninsula with the possibility that North Korea will try to name the long-range date of October 10 as the founding day of the party. The price of another precious metal, silver, also increased slightly.
Investors are starting to look to gold as a safe haven. Experts say the market is concerned about the possibility that North Korea is preparing to test long-range missiles, which creates downward pressure on the USD.
Last week, the unemployment rate was currently lower than the Fed's average forecast in the fourth quarter. Rapidly rising wages show that the labor market is still strong, causing the financial market to appreciate more than 90% of the chance of the Fed raising interest rates in December.
Rising interest rates tend to push the USD and rising bond yields put downward pressure on non-yielding assets, including gold.
On the foreign exchange market, the central exchange rate announced by the State Bank on the morning of October 10 was VND 22,467/USD, down 2 VND compared to the previous session. Vietcombank's USD exchange rate today is listed at 22,690 - 22,760 VND/USD (buy - sell), down 5 VND in both directions compared to the previous trading session.
