Gold price on August 4: SJC gold bars and gold rings both decreased after the "vertical" increase last weekend

In the domestic market, at the opening of the first trading session of the week, the price of SJC gold bars decreased slightly by VND200,000/tael to VND123.3 million/tael. Although the gold price decreased, it remained at a high level. Currently, the domestic gold price is about VND16 million/tael higher than the world price (excluding taxes and fees).

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:00 on August 4.

Specifically, at 10:00 a.m. on August 4, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 121.7-123.3 million VND/tael, an increase of 200,000 VND/tael for selling and a decrease of 200,000 VND/tael for buying compared to the previous session. The difference between buying and selling is 1.6 million VND/tael.

SJC 9999 gold ring price is 116.3 million VND/tael for buying and 118.8 million VND/tael for selling, down 200,000 VND compared to the previous closing price.

DOJI gold bar price in Hanoi and Ho Chi Minh City was traded at 121.7 million VND/tael for buying and 123.3 million VND/tael for selling, an increase of 200,000 VND/tael for selling and a decrease of 200,000 VND/tael for buying compared to the previous session.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 117-119.5 million VND/tael. The buying and selling difference is 2.5 million VND/tael.

PNJ Gold is currently buying at 117 million VND/tael and selling at 119.5 million VND/tael, unchanged from the previous session.

As of 10:00 a.m. on August 4 (Vietnam time), gold price World prices fell 7.4 USD compared to the previous session's close to 3,354.1 USD/ounce.

World gold prices opened the week with a downward adjustment after a sharp increase last weekend.

Seventeen Wall Street analysts participated in the Kitco News gold survey this week. All are bullish and none are bearish.

World gold price chart on August 4. (Photo: kitco.com)

Adrian Day, president of Adrian Day Asset Management, said the strong labor market was the main reason the US Federal Reserve Chairman did not cut interest rates last week. However, the July jobs report with not very positive employment data has increased the pressure for a rate cut in September.

“Therefore, after two weeks of decline, we expect gold prices to rise this week,” said Adrian Day.

Despite the disappointing economic data, some experts remain bullish on the precious metal as it continues to serve as an attractive safe haven and an important global monetary asset.

This morning, the USD-Index fell to 98.75 points; the yield on 10-year US Treasury bonds was at 4.244%; US stocks fell due to tariffs and weak employment data; oil prices fell slightly as OPEC+ increased supply, trading at $69.05/barrel for Brent and $67.22/barrel for WTI.

Source: https://baoquangninh.vn/gia-vang-ngay-4-8-vang-mieng-vang-nhan-sjc-dong-loat-giam-sau-phien-tang-dung-dung-cuoi-tuan-truoc-3369942.html