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Gold prices high, oil and USD weaken

VietNamNetVietNamNet25/11/2023


At the end of the trading session on November 24, the price of SJC 9999 gold bars in Ho Chi Minh City was listed at VND71 million per tael for buying and VND71.8 million per tael for selling. The price of SJC 4-digit 9 gold bars was listed in Hanoi at VND71 million per tael for buying and VND71.82 million per tael for selling.

The price of Doji gold bars in Hanoi closed on November 24 at 70.9 million VND per tael for buying and 71.8 million VND per tael for selling.

The international spot gold price on Kitco floor at 9:06 p.m. on November 24, Vietnam time was listed at $2,000.3 per ounce. The futures gold price was at $2,020.5 per ounce.

Gold prices today, November 25, on the world market are stable at a high level. Analysts say that from now until the end of 2023, gold prices will find it difficult to maintain above $2,000/ounce due to the lack of any new catalysts.

On the stock market , in the trading session on November 24, VN-Index increased by 7.12 points, to 1,095.61 points. HNX-Index increased by 1.56 points, to 226.1 points. UPCoM-Index increased by 0.04 points, to 84.99 points.

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International USD price weakens (Photo: The New Republic)

The central exchange rate between the Vietnamese Dong and the US dollar announced by the State Bank on November 24 was 23,927 VND/USD, up 12 VND compared to the previous session. The USD price at commercial banks on November 24 increased slightly, closing the session listed around 24,050-24,420 VND/USD (buy - sell).

Meanwhile, the world USD price went down. The DXY index - measuring the strength of the USD against 6 major currencies - at 9:02 p.m. on November 24, Vietnam time was at 103.6 points, down 0.3% compared to the previous session.

Today, November 25, gasoline prices on the international market continue to weaken due to not finding the motivation to break through.

Oil prices weakened after OPEC+ unexpectedly announced the postponement of the ministerial meeting scheduled for November 26 to November 30. Along with that, weak demand in the US is also a major drag on oil prices.

In the domestic market, the selling prices of gasoline and oil today are applied according to the prices at the management session on the afternoon of November 23 of the Ministry of Finance - Ministry of Industry and Trade. Accordingly, the retail prices of gasoline and oil are adjusted down.

Specifically, the price of E5 gasoline decreased to 21,690 VND per liter. The price of RON95 gasoline decreased to 23,020 VND per liter.

Meanwhile, diesel price dropped to 20,280 VND per liter. Kerosene price dropped to 20,940 VND per liter.

Gold price today November 24, 2023: SJC gold increased sharply by 350 thousand/tael . Gold price today November 24, 2023 in the country increased sharply by 350,000 VND/tael in both directions. In the international market, gold prices remained almost unchanged at a high level due to the USD's decline compared to other major currencies.


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