The domestic gold price this morning (June 7) at 9:00 a.m. was listed by Doji Jewelry Group in Hanoi at: 37.10 million VND/tael (down 180,000 VND for buying) and 37.25 million VND/tael (down 150,000 VND for selling) compared to the previous session.
Bao Tin Minh Chau Jewelry Company listed at: 37.26 million VND/tael (maintained for buying) and 37.37 million VND/tael (maintained for selling) compared to the session on June 5.
SJC gold price in the free market and in enterprises also reversed and decreased sharply. Specifically, at 8:30 a.m., the price of SJC gold on the free market in Ho Chi Minh City was trading around 37.05 - 37.35 million VND/tael.
In Hanoi and Da Nang, SJC gold price is trading around 36.05 - 37.37 million VND/tael. The above markets all decreased by VND100,000/tael compared to the closing price of the previous session. The difference between buying and selling was 200,000 - 220,000 VND/tael, down 50,000 VND/tael compared to the previous session.
World gold price opened this morning's session, at 8,15 (Hanoi time) in the Asian market, trading around 1,332 USD/oz,
This price decreased by more than 10 USD compared to the same trading time last weekend morning, down more than 3 USD compared to the closing price of the weekend session, ending the streak of consecutive price increases of 8 consecutive sessions since January.
Experts say the decrease in gold prices is due to private oil traders returning to take profits after a series of strong price increases. Although the US non-farm payrolls data continued to decline sharply, the greenback ejected slightly in the international payment basket with the dolla index increasing by 0.03%.
In addition, senior leaders of the US and China will meet to decide on a trade deal. However, analysts are still skeptical about the deal being difficult to negotiate.
Many experts say that gold prices still have opportunities. Experts recommend that investors need to closely observe market developments to have a direction for capital flows.
