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Gold prices rise sharply, oil goes up, USD weakens

VietNamNetVietNamNet28/11/2023


At the end of the trading session on November 28, the price of SJC 9999 gold bars in Ho Chi Minh City was listed at VND72.5 million per tael for buying and VND73.5 million per tael for selling. The price of SJC 4-digit 9 gold bars in Hanoi was listed at VND72.5 million per tael for buying and VND73.52 million per tael for selling.

Meanwhile, the price of DOJI gold bars in Hanoi ended the session on November 28 at 72.3 million VND per tael for buying and 73.5 million VND per tael for selling.

The international spot gold price on Kitco floor at 9:20 p.m. on November 28, Vietnam time was at 2,024 USD per ounce. The gold futures price was at 2,042.4 USD per ounce.

Gold prices today, November 29, on the world market are about to break out after reaching a 6-month peak and the USD continues to weaken. Domestic gold prices are constantly increasing, adding nearly 2 million VND in a week and are about to set a new record high.

On the stock market , in the trading session on November 28, VN-Index increased by 7.37 points, to 1,095.43 points. HNX-Index increased by 0.5 points, to 224.39 points. UpCoM-Index increased by 0.16 points, to 84.66 points.

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World USD price goes down (Photo: Reuters)

The central exchange rate between the Vietnamese Dong and the US dollar announced by the State Bank on November 28 was 23,930 VND/USD, down 10 VND compared to the previous day. The USD price at commercial banks on November 28 fluctuated little, at the end of the session it was listed around 24,050-24,420 VND/USD (buy - sell).

The world USD price continues to decline. The DXY index - measuring the strength of the USD against 6 major currencies - at 9:15 p.m. on November 28, Vietnam time was at 103.1 points, down 0.09% compared to the previous session.

Oil prices on the international market today, November 29, are trending up, right before the OPEC+ meeting. Many analysts predict that OPEC+ may cut production further due to concerns about weakening global demand.

Oil prices also rose due to signs of rising demand. In addition, oil prices also received support from a weak US dollar, making oil cheaper for holders of other currencies.

In the domestic market, the selling prices of gasoline and oil today, November 29, are applied according to the prices of the afternoon session on November 23. The retail prices of all gasoline and oil are adjusted down.

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

Diesel price dropped to VND20,280 per liter while kerosene price dropped to VND20,940 per liter.

Morning financial news 11/28/2023: Gold price increases, oil and USD continue to decrease. Gold price today 11/28/2023 on the world market continues to increase in the context of many information supporting the precious metal. World oil prices have slid to the 80 USD per barrel mark. Meanwhile, the international USD price has not stopped decreasing.


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