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Gold price cools down, oil price increases, USD recovers

VietNamNetVietNamNet30/11/2023


At the end of the trading session on November 29, the price of SJC 9999 gold bars in Ho Chi Minh City was listed at VND72.4 million per tael for buying and VND73.6 million per tael for selling. The price of SJC 4-digit 9 gold bars was listed in Hanoi at VND72.4 million per tael for buying and VND73.62 million per tael for selling.

Meanwhile, the price of DOJI gold bars in Hanoi ended the session on November 29 at 72.2 million VND per tael for buying and 73.7 million VND per tael for selling.

The international spot gold price on Kitco floor at 9:10 p.m. on November 29, Vietnam time was at 2,039.1 USD per ounce. The futures gold price was at 2,060.9 USD per ounce.

Gold prices today, November 30, on the world market decreased slightly but were still close to the record high. World gold prices cooled down when the USD increased slightly again. Meanwhile, domestic gold prices fell rapidly from the historical peak of 74.5 million VND/tael just set.

On the stock market , in the trading session on November 29, VN-Index increased by 7.37 points, to 1,102.8 points. HNX-Index increased by 2.64 points, to 227.03 points. UpCOM-Index increased by 0.39 points, to 85.04 points.

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The world USD price tends to recover. (Photo: Bloomberg)

The central exchange rate between the Vietnamese Dong and the US dollar announced by the State Bank on November 29 was 23,913 VND/USD, down 17 VND compared to the previous day. The USD price at commercial banks on November 29 decreased slightly, at the end of the session it was listed around 24,015-24,385 VND/USD (buy - sell).

The world USD price tends to recover after a sharp decline. The DXY index - measuring the strength of the USD compared to 6 major currencies - at 9:05 p.m. on November 29, Vietnam time was at 102.9 points, up 0.15% compared to the previous session.

World oil prices today, November 30, may continue to rise from the previous two sessions, towards the mark of 83 USD per barrel.

Oil prices rose on the possibility that the Organization of the Petroleum Exporting Countries and its allies would continue the current agreement to cut supplies or cut supply further, along with concerns about supply disruptions in the Black Sea region affected by a major storm and a weak US dollar, analysts said.

In the domestic market, retail prices of gasoline and oil this afternoon will be applied according to the new price level.

Leaders of some petroleum companies said that domestic petroleum prices in today's adjustment period may increase or decrease in opposite directions.

If the regulatory agency does not influence the Petroleum Price Stabilization Fund, the domestic price of E5 RON 92 gasoline may increase from 60 to 110 VND per liter, the price of RON 95 gasoline may decrease from 30 to 50 VND per liter. Meanwhile, the price of diesel may decrease from 90 to 140 VND per liter.

In case the Ministry of Industry and Trade - Ministry of Finance affects the Stabilization Fund, gasoline prices may remain the same.



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