In today's trading session, gold price SJC gold bars and rings both increased compared to yesterday. SJC gold bars are gradually approaching the record high of 124.4 million VND/tael, set in April this year. Gold rings are also anchored at a very high level.
Specifically, at 10:30 a.m. on August 5, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 122.2-123.8 million VND/tael, an increase of 500,000 VND/tael for both buying and selling compared to the previous session. The buying and selling difference was 1.6 million VND.
The price of SJC 9999 gold ring is 116.8 million VND/tael for buying and 119.3 million VND/tael for selling, an increase of 500 thousand VND per tael in both directions (buying-selling).
Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 122.2 million VND/tael and sold at 123.8 million VND/tael, an increase of 500 thousand VND/tael in both buying and selling compared to the previous session.
This brand lists prices gold ring Doji Hung Thinh Vuong 9999 is at 117.5-120 million VND/tael (buy-sell), up 500 thousand VND/tael in both buying and selling compared to yesterday.
PNJ Gold listed buying price at 117.5 million VND/tael and selling price at 120 million VND/tael, an increase of 500 thousand VND per tael in both directions (buying-selling) compared to the previous session.
As of 10:30 a.m. on August 5 (Vietnam time), the world gold price increased by 10 USD/ounce compared to the previous session to 3,371.5 USD/ounce.
The main factor driving the world gold price today comes from poor economic data, causing the market to gradually lean towards the possibility that the FED will lower interest rates in the near future.
The pace of hiring in the US slowed in July, while data for May and June were also revised down sharply. Shortly after, US President Donald Trump fired the head of the agency in charge of labor statistics, and announced that he would soon appoint new personnel for the positions of Fed Governor and head of the Bureau of Labor Statistics (BLS).
Investors now see an 85% chance of a rate cut in September, up from 63% a week ago, according to the CME FedWatch tool. Gold tends to rise when interest rates are low and is seen as a hedge against inflation.
Today, the USD-Index slightly decreased to 98.85 points; the yield on 10-year US Treasury bonds is currently at 4.199%; US stocks are on the recovery path; world oil prices slightly decreased, trading around 68.67 USD/barrel for Brent oil and 66.19 USD/barrel for WTI oil.
Source: https://baoquangninh.vn/gia-vang-ngay-5-8-tang-khong-ngung-nghi-vang-mieng-sjc-dang-huong-len-lai-dinh-lich-su-3370106.html
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