Gold price today, May 27: Starting to increase, should we speculate?

    Phương Anh |

    Today's SJC gold price is quite stable. Precious metals trading enterprises adjust with a range of 10,000 - 20,000 VND per quantity. Meanwhile, the world gold market has escaped the gloom and quickly regained its upward momentum in the first trading session of the week.

    The domestic gold price today (July 27) was listed by Doji Jewelry Group at: 36.30 million VND/tael (buy) and 36.40 million VND/tael (sell), an increase of 20,000 VND compared to yesterday in the buying direction.

    Saigon Jewelry Company listed the price of SJC gold at 36.28 million VND/tael (buy) and 36.47 million VND/tael (sell). In Ho Chi Minh City, the price of SJC gold is at 36.45 million VND/tael for selling.

    World gold prices today started the new week quite quietly, however, investors expect gold to overcome gloom and grow strongly this week.

    As of 6:30 am this morning (Vietnam time), the world spot gold price on Kitco was trading at 1,283 USD/ounce, not much different from yesterday's session.

    Gold prices this week continue to be predicted to have positive developments. In addition, the increase in gold is also believed to be due to the decline of the USD when US economic data was released with less positive than expected.

    Last week, world gold prices benefited from the escalating US-China trade tensions. After the embargo on Huawei's component purchases and Google's suspension of service for Android software, the US continued to put 5 more Chinese technology company names under control.

    This caused the stock market to reverse and lose points in the last 2 sessions of the week. Gold, on the other hand, increased in price.

    According to Kitco News, the world gold market will escape the current gloom and quickly regain its upward momentum next week. The latest survey by Kitco News on gold price prospects shows that the majority of analysts and investors on Wall Street and Main Street expect gold to increase in price next week (May 27 - 31, 2019).

    Analysts led by Eugen Weinberg at Commerzbank said a resounding victory for the Indian Prime Minister Narendra Modi could be a positive factor for gold.

    During the election campaign, Mr. Modi promised to increase voting gifts for rural people. This is the largest group of gold consumers in India to date, and the gift would allow them to buy large quantities of gold, the analysts said.

    Phương Anh
    TIN LIÊN QUAN

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    Phương Anh |

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    Phương Anh |

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    Giá vàng tiếp tục tăng, nhà đầu tư đặt nhiều hi vọng. Ảnh: Reuters.

    Giá vàng tiếp tục tăng, nhà đầu tư đặt nhiều hi vọng

    P.M |

    Giá vàng giữ ổn định vào phiên chiều nay 24.5 sau khi tăng trên 1.280 USD/ounce do đồng đô la xuống mức cao nhất trong 2 năm, giới đầu tư hy vọng Fed sẽ cắt giảm lãi suất trong năm nay.