Friday, May 12, 2023 16:03 (GMT+7)
(CPV) – On May 12, although the world gold price decreased, the domestic gold price remained stable at around 66.6 – 67.22 million VND/tael (buy – sell).
Specifically, at the opening of trading, the price of SJC gold in the Hanoi market was listed by Saigon Jewelry Company at 66.6 - 67.22 million VND/tael (buy - sell).
At Phu Quy Jewelry Company, the listed price of SJC gold is 66.6 - 67.2 million VND/tael (buy - sell).
In the world market, spot gold price decreased by 15 USD to 2,014.6 USD/ounce. Gold futures last traded at 2,020.4 USD/ounce, down 16.1 USD compared to the previous morning.
Although the precious metal has fallen amid concerns about weakening demand, some market analysts believe that gold could benefit from a weakening U.S. labor market in the long term. Rising unemployment raises the possibility that the Federal Reserve has ended its tightening cycle. The precious metal could also see better safe-haven demand if banking turmoil heats up in the coming period./.
NY
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