Saigon Jewelry Company - SJC increased the buying price of gold bars by VND200,000 per tael, up to VND121.7 million; while the selling price decreased by VND200,000, down to VND123.3 million. Mi Hong Company reduced the buying price of gold bars by VND300,000, down to VND121.7 million, while the selling price remained at VND123.2 million. Phu Quy Company did not change the gold price, buying at VND120.5 million, selling at VND123.5 million...
The price of gold rings decreased by 200,000 - 300,000 VND per tael, SJC Company bought for 116.3 million VND, sold for 118.9 million VND; Phu Quy Company bought for 116 million VND, sold for 119 million VND...
SJC gold bar prices fluctuate between buying and selling. PHOTO: NGOC THANG
World gold prices fell sharply by $15 to $3,349 an ounce as investors took profits after the precious metal rose to a high. Last week's US employment data disappointed the market and led to speculation that the US Federal Reserve (Fed) would cut interest rates in September. According to CME's FedWatch Tool, the market now predicts a 92% chance that the Fed will ease policy in September. Last Thursday, the market predicted only a 38% chance of a cut. This helps gold strengthen its role as a defensive channel. This week, investors will continue to monitor the employment report on Friday.
Some analysts predict that economic uncertainty stemming from President Donald Trump’s ongoing trade war and global tariffs will continue to fuel safe-haven demand for gold. US President Donald Trump has set a deadline of August 1 for countries to finalize trade deals. Although agreements have been reached with Japan and the EU, many key trading partners are still subject to high tariffs.
In addition to the US weekly jobless claims, some notable information this week that has an impact on gold prices include the ISM services PMI index; the US 10-year Treasury bond auction and the Bank of England's monetary policy decision./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-482023-tang-giam-trai-chieu-giua-mua-va-ban-185250804083935555.htm
Source: https://baolongan.vn/gia-vang-hom-nay-04-8-trong-nuoc-tang-the-gioi-giam-a200072.html
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