Opening this morning's trading session (October 7), DOJI Group listed the price of SJC gold at 36.50-36.58 million VND/tael, an increase of 100,000 VND in both directions compared to yesterday's trading session.
SJC gold price at Bao Tin Minh Chau was listed at 36.52-36.58 million VND/tael, up 120 thousand VND in both directions compared to the same time yesterday.
Gold price of smooth round Quotation Dragon Gold Thang Long is trading at: 35.21-35.66 million VND/tael (buy in - sell out), an increase of 140,000 VND/tael 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 36.48-36.56 million VND/tael (buy in - sell out), an increase of 100,000 VND in both directions compared to the same time in yesterday's trading session.
The world gold price (spot gold) is currently listed at 1276.10 - 1277.10 USD/ounce (buy - sell).
9999 gold price for December delivery on the New York Comex decreased by 2.1 USD to 1274.6 USD/ounce.
The main reason for today's gold price decline is the strong increase of the USD. Specifically, the USD price has increased to a 10-week peak. US bond yields rose to a nine-year high after US wage data hit its highest level since December 2016. This information released further reinforces the information that the Fed will raise interest rates by the end of the year.
In the weekend trading session, the S&P 500 and Dow Jones indices turned down, before a new report on the US employment situation. Meanwhile, the Nasdaq index continued to increase, recording the 9th consecutive increase and 6 sessions to increase to a record level.
Information about the number of weekly jobless orders announced is also the reason for the decline in world gold prices. Analysts predict that US employment data for September could decline due to the impact of super typhoons Harvey and Irma.
In the foreign exchange market, the central exchange rate announced by the State Bank on the morning of October 7 was VND22,470/USD, unchanged from the previous session. Vietcombank's USD exchange rate today is listed at 22,695 - 22,765 VND/USD (buy - sell), unchanged in both directions compared to the previous trading session.
