Gold price today August 2: SJC skyrocketed by more than 2 million VND/tael

Domestic gold prices have increased the most in many months, approaching a record high.

SJC gold bar prices 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 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 by 2.1 million VND, up to 123.5 million VND... Gold bar prices 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

The world gold price jumped 73 USD per ounce, back to 3,363 USD, a corresponding increase of 2.22%. The precious metal increased sharply when the US announced weak employment data. The US Bureau of Labor Statistics (BLS) said 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 higher, up to 4.2%. In addition, the adjustment of the employment data last month also significantly changed the picture of the labor 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. Along with 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