ANTD.VN - The strong increase in world gold prices has pushed up domestic gold prices. The SJC gold brand has surpassed 68 million VND/tael in selling price.
This morning, domestic gold prices increased sharply. The SJC gold brand was adjusted by Saigon Jewelry Company (SJC) to increase by 150 thousand VND per tael in both buying and selling directions, to 67.45 - 68.07 million VND/tael.
At other businesses, the increase was up to 200 thousand VND per tael. Accordingly, SJC gold at DOJI was listed early this morning at 67.30 - 68.10 million VND/tael; Bao Tin Minh Chau 67.48 - 68.04 million VND/tael...
Similarly, the price of 99.99 gold rings at businesses also increased by about 200,000 VND per tael. Bao Tin Minh Chau plain round rings are listed at 56.28 - 57.13 million VND/tael; SJC round rings are 56.05 - 57.00 million VND/tael; PNJ rings are 56.10 - 57.10 million VND/tael...
 |
SJC gold price exceeds 68 million VND/tael in selling price |
Domestic gold prices increased as world gold prices rebounded strongly in the session on August 23 (last night, Vietnam time). The spot gold price updated on Kitco increased by 18.2 USD/ounce at the close of the session, to 1,915.40 USD/ounce. This morning, the precious metal continued to perform positively in the Asian market and is trading close to 1,920 USD/ounce, as of 9:00 a.m. Vietnam time.
Similarly, the price of gold for December delivery also achieved an impressive increase of 20.60 USD, at 1,946.60 USD.
The precious metals market temporarily escaped negative territory thanks to modest safe-haven flows as activity in both the U.S. manufacturing and services sectors contracted more than expected, according to S&P Global Flash.
Along with slowing economic growth, the report also noted that inflationary pressures remain high, weighing on demand.
A report that business activity came to a near standstill in August casts doubt on the strength of U.S. economic growth in the third quarter. The survey showed that growth in the services sector slowed in the second quarter, with factory output continuing to decline. “Companies reported that demand is weakening amid higher prices and rising interest rates,” Chris Williamson, chief economist at S&P Global Market Intelligence, said in the report.
Investors are now anxiously awaiting the annual symposium of the US Federal Reserve (Fed) held in Jackson Hole, Wyoming this weekend, where Fed Chairman Jerome Powell and European Central Bank President Christine Lagarde will give speeches.
The speeches are expected to provide insight into the future direction of monetary policy from their respective central banks. The ECB is expected to pause its recent tightening cycle at its September meeting, while most US interest rates are expected to remain high for an extended period as inflationary pressures remain significant.
Source link
Comment (0)