Gold price today 10/5: Signs of instability, gold continues to decrease

L.H |

Gold prices today, October 5, witnessed a slight downward trend. The USD remains stable after the US service sector data was released. All attention is on the non-farm payroll report due out this Friday.

Opening this morning's trading session (October 5), DOJI Group listed the price of SJC gold at 36.40-36.48 million VND/tael, an increase of 10,000 VND in both directions compared to yesterday's trading session.

Gold price today at Bao Tin Minh Chau is listed at 36.41-36.47 million VND/tael, down 30 thousand VND in both directions compared to the same time yesterday. Gold price of smooth round Quotation Dragon Gold Thang Long is trading at: 35.52-35.77 million VND/tael (buy in - sell out).

At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars was listed in Hanoi at 36.40-36.48 million VND/tael (buy in - sell out), down 30 thousand VND in both directions compared to the same time in yesterday's trading session.

The world gold price (spot gold) is currently listed at 1273.90 - 1274.90 USD/ounce (buy - sell).

9999 gold price for December delivery on the New York Comex decreased by 2.4 USD to 1277 USD/ounce.

Gold prices fell to a day's low on Wednesday. Gold and silver prices both fell to seven-week lows. The weaker US dollar index was partly a support for precious metals.

Gold prices fell after the September PMI increased to 59.8 points (compared to 55.3 points in 8). The US ADP National Employment Report for September showed 135,000 jobs. This is lower than the average forecast for a 150,000 increase.

It is likely that the world gold price will continue to decline, but the level is not large as the market is cautiously waiting for the US Non-farm Payrolls for September to be released on Friday with the forecast that US job growth will slow down quite a lot due to the impact of storms in late August.

The first resistance level was recorded at 1285 USD and then 1290 USD. The first support level recorded for the day was 1271 USD and then 1265 USD.

On the foreign exchange market, the central exchange rate announced by the State Bank on the morning of October 5 was VND22,468/USD, down 5 VND compared to the previous session. Vietcombank's USD exchange rate today is listed at 22,695 - 22,765 VND/USD (buy - sell), up 5 VND in both directions compared to the previous trading session.

L.H
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