Gold “popular” after IMF report

At 08:30, world gold prices were fluctuating around the threshold of $1,284 per ounce, an increase of $1 compared to trading levels in the late afternoon session of the previous session. Compared to the same hour this morning, gold is up about 4 USD.

Gold rises after pessimistic forecasts about the situation economy IMF world. In particular, the IMF’s World Economic Outlook has lowered its forecast for global growth this year from 3.7% to 3.5%. Growth will slow to 3.6% in 2020.

For China, the world’s second-largest economy, the IMF kept its growth forecast unchanged at 6.2% for 2019 and 2020. However, the IMF said that the country’s economy may not live up to expectations if trade tensions with the US persist.

IMF Managing Director Christine Lagarde said: After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising. This doesn’t mean a global recession is imminent, he said. However, he stressed that “the risks of slowing global growth are definitely increasing”.

According to experts, interest in the IMF report has boosted demand for safe assets such as gold.

The interest in the IMF report has boosted demand for safe-haven assets such as gold.

Domestically, early this morning, Saigon Jewelry Company recorded the buying/selling price of SJC gold at 36.36-36.54 million VND/tael, an increase of 10,000 VND/tael compared to the previous session. .

This morning’s Phu Quy gold increased by 20,000 VND/tael and currently stands at 36.43 -36.53 million VND/tael.

The State Bank of Vietnam is now announcing exchange rate the center is 22,879 VND/USD, unchanged compared to the previous session.

Vietcombank recorded the exchange rate from 23,155 to 23,245 VND/USD, unchanged from the previous session.

Eximbank currently lists buy and sell directions from 23,160 to 23,240 VND/USD, unchanged compared to the previous session.

The amount of paper that burns ashes for the afterlife of this company has reached more than 5,000 tons.