Sell ​​86.9 million VND/tael

(NLDO) – Both analysts and private investors predict that gold prices today may continue to rise when the US President officially returns to the White House next week.

At the end of the week, January 19, the price of SJC gold bars was listed by businesses at VND84.9 million/tael for buying and VND86.9 million/tael for selling, an increase of VND100,000/tael compared to the end of last week. Although the increase was not high, this was the fourth consecutive week that the price of gold bars increased, totaling about VND3 million/tael.

During the week, the price of gold fluctuated strongly. There was a time when the price of gold reached 87.3 million VND/tael, and there was a time when it decreased to 86.4 million VND/tael.

Due to the strong fluctuations in gold prices, there is a difference between businesses, such as Mi Hong Company selling at about 86.4 million VND/tael...

A rather surprising development is that on the free market, the price of SJC gold bars is traded at a lower level than at other brands, around 86.3 million VND/tael.

Gold price today increased for the 4th consecutive week

Meanwhile, the price of gold rings and jewelry of all kinds fluctuated in opposite directions when listed by businesses buying at about 85 million VND/tael, selling at 86.9 million VND/tael, an increase of about 300,000 VND/tael compared to the end of last week. The price of gold rings also increased to the highest level in many weeks.

Domestic gold prices increased following global fluctuations. In the international market, the precious metal closed the trading week at 2,703 USD/ounce, up more than 10 USD/ounce compared to the end of last week.

According to Kitco's survey on gold price trends next week, both analysts and investors expect gold prices to continue to increase today.

The recently released US inflation data showed lower than expected inflation and the US Federal Reserve (FED) will continue to cut interest rates in the coming time. This will slow down the appreciation of the USD, reduce US bond yields and benefit gold prices.

Gold prices fluctuated strongly last week

At the same time, investors are also expecting information about US tax and regulatory policies after Mr. Donald Trump officially returns to the White House early next week.

Specifically, in a survey on Wall Street, 11 analysts participated in the survey, of which 64% predicted that gold prices would continue to increase, 18% predicted that gold prices would decrease, and the rest predicted that gold prices would remain stable.

Similarly, in an online survey on Main Street, 156 investors responded, of which 64% predicted gold prices to increase, 22% said gold prices would decrease and the rest predicted gold prices to remain flat.

Currently, the world gold price converted according to the listed exchange rate is about 83.1 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-19-1-ban-ra-869-trieu-dong-luong-196250119090145858.htm