Domestic gold prices opened this morning's session with a sharp increase compared to the closing price of the previous session.
Gold was listed by Doji Jewelry Group at: 36.55 million VND/tael (up 230,000 VND for buying) and 36.65 million VND/tael (up 220,000 VND for selling) compared to the previous session.
Bao Tin Minh Chau Jewelry Company listed the price at: 36.37 million VND/tael (up 150,000 VND for buying) and 36.47 million VND/tael (up 170,000 VND for selling).
SJC gold on the free market in Ho Chi Minh City is trading around 36.5 - 36.7 million VND/tael. In Hanoi and Da Nang, SJC gold price is trading around 36.5 - 36.72 million VND/tael.
The above markets all increased by 170,000 VND/tael compared to the closing price of the previous session. The difference between buying and selling was 30,000 VND compared to yesterday morning at 200,000 - 220,000 VND/tael.
World gold price opened this morning's session (Vietnam time) World gold price in the Asian market was trading around 1,306.7 USD/oz, up nearly 15 USD compared to the same trading time this morning.
At the beginning of the week, world gold prices were under pressure from the strong USD, reporting positive growth in the US economy. At one point, gold prices had dropped to $1,275. From the starting price of the week, down to the lowest price of the world gold week, it lost 13 USD/oz.
However, in just 2 weekend sessions, world gold prices have conquered the 1,300 USD mark, currently trading around the 1,306 USD/oz mark. In general, during the week, world gold increased by more than 28 USD/oz compared to the opening price of the week. If calculating from the lowest level to the trading price, world gold has fluctuated with the price increase of 31 USD/z.
According to analysts, gold prices may still be above $1,300/oz for a while, because US tax laws have not been implemented. Meanwhile, investors have bought gold strongly to safe cash flow when the US imposes a 5% tax on all Messican goods from June 10.
