The domestic gold price this morning (June 7) at 9:00 a.m. was listed by Doji Jewelry Group in Hanoi at: 37.28 million VND/tael (up 30,000 VND for buying) and 37.40 million VND/tael (maintaining the same for selling) compared to the previous session.
Bao Tin Minh Chau Jewelry Company listed the price at: 37.26 million VND/tael (up 10,000 VND for buying) and 37.37 million VND/tael (up 200,000 VND for selling) compared to the session on June 5.
World gold price closed last night's session in the US, spot gold price increased by 5.1 USD to 1,339.9 USD/ounce. July gold futures rose more than $2, to $1,342 an ounce.
World gold prices rose nearly 1.5% to their highest level in more than three months, due to concerns about US-China trade tensions and the threat of taxing Washington's Mexico- imported goods would harm the global economy.
Both Wall Street and Main Street expect gold to maintain its upward momentum next week, based on Kitco News' weekly gold survey.
Specifically, 16 market experts participated in the Wall Street survey. A total of 12 voters, or 75%, called for gold to increase prices. For the second consecutive week, no voter predicted gold prices would fall. The remaining four voters, or 25%, predict the market will move sideways or be neutral.
Meanwhile, 60 nationals surveyed the Main Street online poll, the most of the year. A total of 398 stocks, equivalent to 66%, called for gold to increase prices. 135 other stocks, or 22%, predict gold will fall. The remaining 74 voters, equivalent to 12%, commented on a sideways market.
