Gold price today 19.9: "Drowning" the bottom for 3 weeks, "evaporating" 100,000 VND/tael

Lan Hương |

Gold prices today, September 19, have witnessed a sharp decline since the beginning of the session. SJC gold price decreased by 110,000 VND/tael, world gold price plummeted to a 3-week low. The reason is that the USD rebounded and world stocks flourished.

Opening this morning's trading session (September 19), DOJI Group listed the price of SJC gold at 36.60 - 36.68 million VND/tael, down 100,000 VND in both directions compared to yesterday's trading session.

SJC gold price at Bao Tin Minh Chau is listed at 36.61 - 36.68 million VND/tael, down 110,000 VND for buying and down 100,000 VND for selling compared to the same time last weekend. Gold price of smooth round Quotation Dragon Gold Thang Long is trading at: 35.79-36.24 million VND/tael (buy in - sell out), down 230 thousand VND in both directions compared to last weekend.

At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars was listed at 36.53-36.72 million VND/tael (buy in - sell out), down 80,000 VND in both directions compared to the same time in yesterday's trading session.

The world gold price is currently listed at 1308.80 - 1309.80 USD/ounce (buy - sell).

9999 gold price for December delivery on the New York Comex decreased by 14 USD to 1311.10 USD/ounce.

World gold prices in yesterday's trading session have fallen to a 3-week low. Since the beginning of September, the world gold price has "evaporated" by 50 USD/ounce. The main reason for the decline in gold prices is that the stock market has begun to recover and the USD is increasing strongly.

A notable piece of information this week is the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday this week. Investors are awaiting the speech of Ms. Janet Yellen - FED president after the FOMC meeting. However, experts still maintain the forecast that the FED will not be in a hurry to raise interest rates.

All eyes are on US President Donal Trump's speech to the United Nations today. On Monday, Mr. Donal Trump gave a speech but did not mention North Korea's missile test. The USD index is rising strongly again, Nymex oil prices have entered a period of decline, all of the above factors have a negative impact on today's gold price.

The first resistance zone was recorded at 1,324 USD and then at 1,331 USD. The first support level was 1,307 USD and then 1,300 USD.

On the foreign exchange market, the central exchange rate announced by the State Bank on the morning of September 18 was 22,443 VND/USD, up 4 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.

Lan Hương
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