Gold price today 10/9: Stop selling, buy and sell gloomy

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    Gold prices this afternoon, October 9, suddenly showed signs of recovery after a series of days of price decline. Current concerns about tensions in North Korea are the reason for supporting gold prices.

    Opening this morning's trading session (October 9), DOJI Group listed the price of SJC gold at 36.49-36.57 million VND/tael, down 10,000 VND in both directions compared to yesterday's trading session.

    SJC gold price at Bao Tin Minh Chau was listed at 36.50-36.56 million VND/tael, unchanged in both directions compared to the same time yesterday. Gold price of smooth round Quotation Dragon Gold Thang Long is trading at: 35.36 - 35.81 million VND/tael (buy - sell).

    At Phu Nhuan Jewelry Joint Stock Company (PNJ), the gold price listed today in Hanoi is at 36.50-36.58 million VND/tael (buy in - sell out), an increase of 20 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 1279.60 - 1280.60 USD/ounce (buy - sell).

    9999 gold price for December delivery on the New York Comex increased by 0.5% to 1281.50 USD/ounce.

    The USD index continues to stand firm against the Japanese Yen after reaching a 12-week peak last week due to concerns about higher geopolitical tensions in North Korea. Experts are concerned that North Korea is preparing to test another missile. This will have a big impact on gold prices in the coming time.

    North Korean leader Kim Jong Un said that nuclear weapons are a "powerful obstacle" to ensure North Korean sovereignty. Mr. Kim Jong Un's statement was made just a few hours after US President Donald Trump gave a speech on North Korean tensions. Pyongyang is preparing to test a long-range missile, which is believed to be able to approach the west coast of the United States.

    Information about the number of weekly jobless jobs announced is also the reason for the decline in gold prices. Analysts predict that US employment data for September could decline due to the impact of super typhoons Harvey and Irma.

    The key point in the US jobs report will increase market expectations for the possibility of the Fed raising interest rates in December, according to an expert

    On the foreign exchange market, the central exchange rate announced by the State Bank on the morning of October 9 was VND22,469/USD, down 1 VND compared to 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.

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