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Gold price may increase, oil decrease, USD goes up

VietNamNetVietNamNet15/05/2023


Gold price today, May 15: Investors are optimistic and rushing to buy . World gold prices are expected to increase again in the context of investors being optimistic about the prospects of the precious metal.

At the end of the trading session on May 13, the buying price of 4-digit 9 gold bars at SJC Ho Chi Minh City was 66.55 million VND per tael and the selling price was 67.25 million VND per tael. The buying price of 4-digit 9 gold bars at SJC Hanoi was listed at 66.55 million VND per tael and the selling price was 67.27 million VND.

Doji Hanoi listed at 66.5 million VND per tael for buying and 67.1 million VND per tael for selling.

On the world market, the spot gold price on May 13 was at 2,010 USD per ounce. The futures gold price was traded at 2,011 USD per ounce.

Last week, the world gold price decreased, losing momentum compared to the all-time high of over 2,080 USD per ounce. However, experts still expressed optimism about the gold market. Gold has not lost its appeal as investors consider it the second most attractive channel, after real estate.

On the stock market , in the last trading session of last week, May 12, VN-Index increased sharply. At the end of the trading session, VN-Index increased by 9.78 points, to 1,066.9 points. HNX-Index increased by 0.69 points, to 215.1 points. UPCoM-Index increased by 0.92 points, to 80.05 points.

USD price increases sharply (Photo: Hoang Ha)

Regarding the dollar price , the exchange rate of Vietnamese Dong against the US dollar was listed by the State Bank on May 13 at 23,640 VND per USD.

The reference exchange rate at the State Bank of Vietnam on May 13 was 23,450 VND for buying and 24,772 VND for selling per USD. The USD price at commercial banks on May 13 was traded around 23,270 VND for buying and 23,640 VND for selling.

In the world, the price of the US dollar increased sharply. The DXY index measuring the fluctuations of the US dollar compared to a basket of 6 major currencies at the end of the trading session of the weekend reached 102.71 points.

Meanwhile, world oil prices continued to decline from last week. Last week, prices of both benchmark oil products fell about 1.5%.

Brent crude oil prices closed last week at $74.17 per barrel. WTI crude oil prices closed the week at $70.04 per barrel. This is the fourth consecutive week of decline in world oil prices. However, experts still expect oil prices to rise again soon.

In the domestic market, the selling prices of gasoline and oil today are applied according to the prices at the management session on the afternoon of May 11 of the Ministry of Finance - Industry and Trade.

Accordingly, the price of RON 95 gasoline is 21,000 VND per liter. The price of E5 gasoline is down to 20,130 VND per liter. The price of diesel is 17,650 VND per liter. The price of kerosene is 17,970 VND per liter.

Oil prices today, May 15: Continuing the downward trend from last week Oil prices today (May 15) on the world market continued the downward trend from last week. Last week, the prices of two benchmark oil products both decreased by about 1.5%.


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