World gold prices today (September 6) "shined" as stocks and cryptocurrencies slid, traders bet on 4 interest rate cuts in 2024, rising sharply to 2,516 USD/ounce. Domestically, SJC gold bars traded at 80.5 million VND/tael; SJC gold rings hovered around the peak of 78.6 million VND/tael.
At 6:00 a.m. on September 6, DOJI gold bar prices in Hanoi and Ho Chi Minh City were listed at VND78.5 million/tael for buying and VND80.5 million/tael for selling.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 77.45-78.6 million VND/tael.
Saigon Jewelry Company listed the buying and selling price of SJC gold bars at 78.5-80.5 million VND/tael. The price of SJC 9999 gold rings is currently being traded at 77.3 million VND/tael for buying and 78.6 million VND/tael for selling.
PNJ gold bought at 77.4 million VND/tael and sold at 78.6 million VND/tael, unchanged from the previous session.
As of 6:00 a.m. September 6 (Vietnam time), gold price World gold increased by 21.6 USD compared to the previous session to 2,516.8 USD/ounce.
World gold prices increased sharply this morning in the context of US employment data not meeting expectations, reducing the value of the greenback, stocks and cryptocurrencies tending to decrease.
The US Department of Labor announced yesterday that new unemployment claims fell to 227,000 for the week ending August 31. This figure was lower than the expected 230,000.
The market is now paying close attention to the labor market, which remains a key factor in the Fed’s monetary policy. Attention is also focused on Friday’s August jobs report, which will be one of the last pieces of major economic news for the market and the Fed to digest before the FOMC meeting on September 18.
Gold has broken out this year after years of consolidation, with a gain of more than 22% year-to-date, said Callum Thomas, founder of Topdown Charts.
“Clearly, we are in a new uptrend and the drivers of this trend are unlikely to disappear in the near term as macro factors such as geopolitical uncertainty, rising government debt, recession risks and upcoming rate cuts will continue to support gold prices,” he said.
This morning, the USD-Index was at 101.06 points; the yield on the 10-year US Treasury bond was stable and slightly decreased to 3.730%; US stocks fell and oil prices are at their lowest level since the beginning of the year, currently trading at 72.87 USD/barrel for Brent oil and 69.33 USD/barrel for WTI oil.
Source: https://baolangson.vn/gia-vang-ngay-6-9-the-gioi-tang-manh-trong-nuoc-vang-nhan-neo-quanh-muc-dinh-5020631.html
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