Gold price today 2.6: Continue to increase strongly, should we sell?

    Phương Anh |

    Gold price today 2.6 was adjusted up sharply with a range of about 140,000-160,000 VND/tael depending on the trading unit. In the world market, gold prices skyrocketed above the threshold of 1,300 USD/ounce.

    The domestic gold price this morning was listed by Doji Jewelry Group at: 36.55 million VND/tael (up 220,000 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).

    This morning, the price of SJC gold in the free market nationwide increased sharply compared to the closing price of the previous session. Specifically, at 8:20 a.m., the price of SJC gold on the free market in Ho Chi Minh City was trading around 36.3 - 36.47 million VND/tael.

    In Hanoi and Da Nang, SJC gold price is trading around 36.3 - 36.49 million VND/tael. The above markets all increased by 150,000 VND/tael compared to the closing price of the previous session. The difference between buying and selling is 170,000 - 190,000 VND/tael.

    The world spot gold price is trading at 1,304.81 USD/ounce, equivalent to 1.3%. Gold hit a seven-week high of $1,307.02 an ounce.

    For the whole month of May, spot gold increased by 1.7%. According to analysts, gold prices may still be above $1,300/oz for a while, because US tax laws have not been implemented.

    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.

    Phương Anh
    TIN LIÊN QUAN

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    Phương Anh |

    Gold prices today (June 1) continue to be adjusted to increase sharply with a range of about 140,000 - 230,000 VND/tael depending on the trading unit. In the world market, gold prices skyrocketed above the threshold of 1,300 USD/ounce.

    Gold price today, May 31: Unexpected increase, breaking the resistance level

    Phương Anh |

    Gold prices this morning (May 21) skyrocketed. Precious metals businesses adjusted the increase sharply with a margin of about 100,000 - 110,000 VND per quantity. The domestic gold market partly reflects the world gold market. World gold prices increased sharply mainly due to increased demand for safe-haven assets in the market.

    Gold price today, May 30: World gold reverses, domestic gold prices are quiet

    Phương Anh (T/H) |

    Gold prices today (May 30) have many fluctuations. World gold suddenly reversed and increased sharply while domestic gold remained sluggish. In general, precious metals businesses continue to adjust prices according to a narrow range, 10,000 - 30,000 VND/tael.