On the morning of June 5, major gold companies such as SJC, PNJ, and DOJI listed the afternoon buying price of SJC gold bars at 115.4 million VND/tael and selling price at 117.7 million VND/tael, an increase of 500,000 VND compared to yesterday.
Mi Hong has a more competitive price when listing the buying price of SJC gold bars higher than that of major gold companies, up to 116 million VND/tael, while the selling price is lower, at 117.5 million VND/tael.
The price of gold rings also increased, currently listed by gold businesses at 111.5 million VND/tael for buying and 114 million VND/tael for selling, an increase of 500,000 VND compared to yesterday. Compared to the price of SJC gold bars, the price of gold rings is nearly 4 million VND/tael lower.
Gold price today
The increase in domestic gold prices is in line with the world gold price movement. The spot gold price on the international market has reached 3,395 USD/ounce, up 32 USD compared to the bottom of 3,358 USD/ounce recorded in the trading session last night.
Similarly, the price of gold for August delivery also increased sharply, reaching 3,408 USD/ounce, up 31 USD compared to the previous session.
The main reason for the rebound in gold prices is weak economic data from the US. The ADP national employment report released on the morning of June 4 showed that only 37,000 jobs were created in May, much lower than the expectation of 110,000 jobs.
US-China trade tensions also contributed to boosting demand for gold as a safe-haven asset.
The decline of the US dollar and the US Treasury bond yield falling to 4.38% have encouraged investors to hold precious metals, including gold. The increase in gold prices today is inevitable.
With current developments, gold prices are forecast to continue to fluctuate strongly in the short term, depending on economic signals, policies from the US and the progress of US-China trade negotiations.
Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-bat-tang-196250605092912555.htm
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