Domestic gold is nearly 18 million dong/tael higher than the world
This morning (June 7), in the domestic market, opening the new week’s trading session, Saigon Jewelry Company listed SJC gold price bought and sold at 68.55 – 69.47 million dong/tael, down 50,000 dong/tael in both directions compared to the previous session’s close.
Gold Doji listed gold price at 68.5-69.4 million dong/tael, down 100,000 dong/tael in both directions compared to the close of the previous session.
Phu Quy SJC listed the gold price at 68.65 – 69.45 million VND/tael, down 50,000 VND/tael compared to the previous session.
On the world market, at 9:15 a.m. today (Vietnam time), the world spot gold price stood around $1,840.3 per ounce, down $13.7 per ounce compared to last night. Gold futures delivery in July on the Comex New York exchange was at $1,842.9 per ounce, down $12.1 per ounce compared to last night.
On the night of June 6 (Vietnam time), the world spot gold price stood around $1,854 per ounce. Gold for August delivery on the Comex New York exchange was at $1,855 per ounce.
The world gold price on the night of June 6 was about 2.2% lower (US$41/ounce) compared to the beginning of 2021. World gold converted to bank dollars was priced at VND51.9 million/tael, excluding tax. and fees, about 17.7 million VND/tael lower than the domestic gold price as of late afternoon session 6/6.
Forecast for gold price, in a survey of Kitco, the majority of analysts from Wall Street have confidence in gold price in the near future. In which, 46% believe that precious metal prices will increase, 33% expect prices to decrease and 21% believe that prices will move sideways.
The results of the Main Street online poll attracted 637 individual investors with the majority being optimistic about the gold price. Specifically, 70% think gold prices will increase next week, 18% see prices down and 12% are neutral on gold prices.
Currently, the gold market is waiting for two important news, which is the monetary policy meeting of the European Central Bank (ECB) and the financial report. Consumer price index (CPI) US in May. It is expected that the CPI of the world’s No. 1 economy will increase by 8.2% over the same period last year, 0.1% lower than April.
Experts say that gold is difficult to “shine” in the short term when the Fed is “hawkish” on interest rates to fight inflation. Because inflation is the biggest threat to the recovery of the US economy after the COVID-19 pandemic.
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at Blogtuan.info – Source: vtv.vn – Read the original article here
