Gold price increased by 150,000 VND/tael
Customers view and buy gold at a gold shop. (Photo: VNA)
Recorded at about 9:25 ‘, Saigon Jewelry Company listed gold price SJC in Hanoi market was at 69.85 – 70.57 million dong/tael (buying in – selling out), an increase of 150,000 dong/tael in both buying and selling direction compared to yesterday’s close (April 21). ).
DOJI Jewelry Group Joint Stock Company listed the price of SJC gold on the Hanoi market at 69.75 – 70.45 million VND/tael (buying in – selling out), an increase of 50,000 VND/tael in the afternoon. buying in and selling out compared to the end of yesterday’s session.
At Bao Tin Minh Chau Co., Ltd., the company adjusted up the price of SJC gold bar by 50,000 dong/tael in the selling afternoon and decreased by 10,000 dong/tael in the buying afternoon compared to yesterday’s closing. Currently, the gold price is trading at 69.85 – 70.48 VND/tael (buy in – sell out).
World gold prices fall
On the night of April 21, the world gold price sometimes lost tens of USD/ounce, but then suddenly increased again. At 6 am on April 22, spot gold price traded at 1,952 USD/ounce. Gold futures in June 2022 fell by 13 USD/ounce, last trading at 1,942 USD/ounce.
Gold prices may stabilize over the next few quarters. (Photo: Bloomberg)
Previously, gold futures prices closed on April 21 at the New York Mercantile Exchange, when the dollar strengthened. Gold for June delivery fell 0.38% to $1,948.2 per ounce.
Economic data released on April 21 supported gold prices. The US Department of Labor released a report showing that the number of initial jobless claims in the country stood at 184,000 for the week ended April 16, down 2,000 from the previous week.
Bjorn Goosen, an analyst from S&P Global Market Intelligence, said that the gold market in the near future will be affected by three factors: conflict in Ukraine; high inflation; Central banks simultaneously raised interest rates.
“The global economy is facing risks when the protracted conflict between Russia and Ukraine causes inflation to rise, especially in the context of the uncontrollable COVID-19 epidemic in many countries. Therefore, the price of gold may have a negative impact. may stabilize in the next few quarters”, according to Mr. Bjorn Goosen.
According to Mr. Goosen, in the short and medium term, the precious metal remains around the $1,900 mark per ounce because of geopolitical and macroeconomic uncertainties. However, the gold price will gradually decrease to $1,825/ounce by the end of the year when interest rates rise and the dollar strengthens
John LaForge from Wells Fargo said that investors tend to seek safe havens when the geopolitical situation is unstable and inflation rises in the near future. From now until the end of the year, the gold price can reach 2,100 USD/ounce.
* Invite readers to watch the programs broadcast by Vietnam Television on TV Online and VTVGo!
at Blogtuan.info – Source: vtv.vn – Read the original article here
