Opening this morning's trading session (October 3), DOJI Group listed the price of SJC gold at 36.32 - 36.40 million VND/tael, down 170 thousand VND for buying and down 160 thousand VND for selling compared to yesterday's trading session.
SJC gold price at Bao Tin Minh Chau was listed at 36.33-36.39 million VND/tael, down 110,000 VND in both directions compared to the same time yesterday. Gold price of smooth round Quotation Dragon Gold Thang Long is trading at: 35.19-35.64 million VND/tael (buy in - sell out), down 190 thousand VND in both directions compared to yesterday.
At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars was listed in Hanoi at 36.33-36.41 million VND/tael (buy in - sell out), down 110,000 VND in both directions compared to the same time in yesterday's trading session.
The world gold price (spot gold) is currently listed at 1269.90 - 1270.90 USD/ounce (buy - sell).
9999 gold price for December delivery on the New York Comex decreased by 8.10 USD to 1276.60 USD/ounce.
World gold prices fell sharply to a 6-week low, at times the price reached close to 1270 USD/ounce. The main reason is that the USD increased sharply, "breaking" the 6-week peak. Asian and US stocks also increased in the trading session on October 2. The USD increased in the context of US policy changes and rapidly increasing US bond yields. Gold prices are 10.5% higher (+121 USD/ounce) than at the end of 2016.
In addition, market expectations about the possibility of the US Federal Reserve (Fed) raising interest rates next December also put downward pressure on this precious metal.
One information that has a strong impact on the psychology of US investors is the massacre in LasVegas that killed more than 50 people and injured more than 500 people, which is considered the worst massacre in the history of contemporary America.
According to the China Gold Association, China's gold reserves by the end of 2016 were more than 12,000 tons, becoming the second largest gold reserves in the world after South Africa.
The first resistance levels recorded during the day were $1282.80 and $1290. The first support level recorded for the day was 1273.70 USD and 1270 USD
On the foreign exchange market, the central exchange rate announced by the State Bank on the morning of October 3 was VND 22,473/USD, up VND 5 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.
