The price of SJC gold bars fluctuated strongly in the early morning. Saigon Jewelry Company - SJC adjusted the gold price twice (this rarely happens) with a total increase of 2.1 million VND in the selling price, up to 123.5 million VND; meanwhile, the buying price increased more slowly, at 1.6 million VND, up to 121.5 million VND. Similarly, Doji Group also increased the buying price sharply to 121.5 million VND, selling price to 123.5 million VND. Mi Hong Company increased the buying price by 1.1 million VND, up to 122 million VND, selling price increased by 2.1 million VND, up to 123.5 million VND... The price of gold bars increased, approaching the record high of 124.4 million VND/tael set in April.
The price of gold rings also increased by 800,000 to 1 million VND per tael, SJC Company bought at 116.4 million VND, sold at 119 million VND; Phu Quy Company bought at 115.7 million VND, sold at 118.7 million VND; Doji Group bought at 117 million VND, sold at 119.5 million VND...
SJC gold bar price increased sharply
World gold prices jumped $73 per ounce to $3,363, a 2.22% increase. The precious metal rose sharply when the US announced weak employment data. The US Bureau of Labor Statistics (BLS) said that the number of non-farm jobs increased by 73,000 in July. This figure was lower than the general forecast that economists predicted a job increase of about 106,000. The unemployment rate increased even higher, up to 4.2%. In addition, the adjustment of last month's employment data also significantly changed the picture of the job market. The total job growth in May and June was revised down by 258,000. According to the adjusted data, only 14,000 jobs were created in June and 19,000 jobs were created in May.
Jamie Cox, managing partner at Harris Financial Group, said the Fed may regret its decision to leave rates unchanged earlier this week. September is a sure time for a rate cut, perhaps even a 50 basis point cut to make up for lost time. In addition to expectations of a rate change, gold could also benefit from safe-haven demand, as some analysts warn that weak jobs data could spook stock market investors.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-282025-sjc-tang-vot-hon-2-trieu-dong-luong-185250802084613857.htm
Source: https://baolongan.vn/gia-vang-hom-nay-02-8-sjc-tang-vot-hon-2-trieu-dong-luong-a199981.html
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