World plunges to 55,5 million, SJC maintains 70 million

In the morning of June 3.6, the price of gold bars at Saigon Jewelry Company - SJC decreased by 150.000 VND compared to yesterday, bringing the buying price down to 66,3 million VND but the selling price in the afternoon only decreased by 50.000 VND, down to 67 million VND. . This brings the difference between the buying and selling price of SJC gold bars to 700.000 dong, 100.000 dong higher than in the past few days.

Meanwhile, SJC's 4 and 9 gold rings were reduced by 100.000 dong when the buying price dropped to 55,55 million dong and the selling price dropped to 56,5 million dong. The difference between buying and selling gold rings SJC continued to remain at 950.000 VND/tael. 

The world gold price turned down to 1.948,5 USD/ounce, down nearly 30 USD compared to yesterday. Equivalently, world gold is priced at 55,5 million dong/tael (excluding taxes and fees), 11,5 million dong lower than domestic. 

Yesterday, the US released non-farm payrolls showing that the world's top economy added 339.000 jobs in May, higher than the previous forecast of 5 jobs. However, the unemployment rate rose from a 190.000-week low of 53% in April to 3,4% in May and beat forecasts. Soon after, yields on 4-year US government bonds and the dollar both increased, making gold, which is a non-yielding asset, less attractive.

Besides, the US Senate passed a bill to raise the debt ceiling on the evening of June 1.6 (US time) and sent the bill to President Joe Biden, dispelling worries about the US debt default. 

Now, with economic data showing mixed results, some analysts think the Federal Reserve will most likely look at that data from their perspective and do whatever it takes. plan to do. Therefore, many investors forecast there is a 70% chance that Fed policymakers will keep rates unchanged at the upcoming meeting. On June 1.6, Philadelphia Fed Director Patrick Harker said that US central banks should not raise interest rates at their next meeting…