Domestic gold price 16.7 at 9:00 a.m. was listed by Hanoi SJC at 39.05 million VND/tael (up 50,000 VND for buying) and 39.27 million VND/tael (maintained for selling) compared to yesterday morning's session.
Doji Jewelry Group in Hanoi listed at 39.10 million VND/tael (up 50,000 VND/tael for buying) and 39.35 million VND/tael (up 50,000 VND/tael for selling) compared to the previous morning session.
Ho Chi Minh City SJC listed at 39.05 million VND/tael (up 50,000 VND for buying) and 39.25 million VND/tael (maintaining the same for selling) compared to the morning session on July 15.
World spot gold prices remain high at 1,413 USD/ounce.
The price of gold delivered in August 2019 on the New York Comex was at 1,416 USD/ounce.
World gold prices tend to increase and stay strong above the threshold of 1,400 USD/ounce as investors continue to expect signals from the US Federal Reserve (Fed) and a currency war taking place in the world.
Gold prices increased mainly due to the weak USD, while other currencies could not strengthen as many central banks (NHTW) were considering measures to weaken their domestic currencies.
The actual developments in the world gold market last week showed that it is very difficult to predict the general trend of gold prices in the context of this market being affected by many factors such as the possibility of cutting USD interest rates by the US Federal Reserve (FED) at the meeting in late July as well as the possibility of escalating tensions in the Middle East.
