The domestic gold price today was listed by Saigon Jewelry Company at 48.65 million VND/tael; the selling price was 49.00 million VND/tael, an increase of 130,000 VND/tael for buying and an increase of 100,000 VND/tael for selling compared to the closing price of the weekend trading session. The difference in selling price is still 350,000 VND/tael higher than the buying price.
DOJI Group listed the buying and selling gold price at 48.55 - 48.80 million VND/tael, keeping the same buying price and increasing the selling price by 50,000 VND/tael compared to the closing price of the previous trading session. The difference between the buying and selling prices of gold narrowed to 250,000 VND/tael.
World gold price The US market is currently at 1,733.4 USD/oz, up 4.7 USD/oz compared to the closing price of the weekend trading session.
Analysts believe that gold prices are rising because investors are returning to the gold channel when the US-China relationship shows signs of tension again, the USD weakens...
Experts and investors still predict that gold prices will continue to increase according to the results of Kitco's survey on gold price trends this week.
Specifically, 87% of the total 15 market analysts surveyed by Kitco responded that gold prices will increase next week, only 7% predicted gold prices would decrease and the rest thought gold prices would move sideways.
Meanwhile, 1,090 investors participated in the survey on Mail Street and 57% of respondents predicted gold prices would increase, 23% of people predicted gold prices would decrease and the rest expected the precious metal to remain flat.
On the last trading day of May, the SPDR Fund continued to buy 3.51 tons of gold, bringing its holdings to 1,123.14 tons.
The fund spent 12 days buying 69.22 tonnes of gold in May, selling only 2.63 tonnes in 3 days. In the third week of May alone, the SPDR has been trading gold continuously and has had its strongest gold purchases, reaching 12.58 tons per day. Since the beginning of the year, the amount of gold that SPDR has bought has increased by nearly 240 tons.
