Gold prices continue to rise, investors increased purchases



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Consequently, the price of SJC gold in Hanoi listed by the DOJI Group was traded at VND 48.17 million / tael (purchased) – VND 48.35 million / tael (sold) for retail transactions and VND 48.18 million / tael – VND 48.34 million / tael for wholesale transactions.

These prices increased VND 140,000 / tael per journey and VND 120,000 / tael compared to yesterday.

In Ho Chi Minh City, the price of SJC gold listed by SJC Company is quoted at 48.08 million dong / tael – 48.43 million dong / tael, an increase of 80,000 dong / tael and 30,000 dong / tael.

The price of gold continues to rise, investors increase purchases - 1
The price of gold continues to rise, investors increase purchases (works of art)

At the close of yesterday’s session, the SJC gold price in Hanoi was trading at 48.03 million dong / tael – 48.23 million dong / tael; The SJC gold price in Ho Chi Minh City is quoted at 48 million dong / tael – 48.4 million dong / tael …

In the world, at 9 am this morning (Vietnam time), the spot price of gold in Asia through the Kitco.com price has a slight decrease of $ 2.2, trading at $ 1,713.4 / ounce.

Previously, the price of gold sometimes rose to $ 1,718 / ounce in the context of investors increasing purchases due to concerns about the global economic downturn caused by the Covid-19 pandemic.

Information from the US Department of Labor. USA He said the consumer price index in April decreased by 0.8% (of which gasoline prices fell record), after having fallen 0.4% in March. , US inflation USA It will increase by 0.3%.

The U.S. Treasury Department just announced a budget deficit in April to a record $ 738 billion, due to rising public spending and declining tax revenue. Some forecasts say that the total US budget deficit in 2020 could exceed 3.8 trillion dong.

According to data on the Worldometers website as of May 13 local time, the number of Covid-19 deaths in the US USA It passed the 85,000 mark, an increase of more than 1,600 cases the day before. The number of people with Covid-19 also increased by more than 19,000, to approximately 1.43 million.

CNN cites sources that the White House is skeptical of the death statistics due to Covid-19. President Trump and his aides are said to be debating whether statistics from the US Centers for Disease Control and Prevention (CDC). USA They are being used to determine the number of deaths and to predict the number of people. Covid-19 deaths can be considered reliable indicators or not.

In addition to concerns about the Covid-19 epidemic affecting the global economy, the gold market also focused on following the new war between the United States and China on the commercial, monetary, and capital markets front.

In particular, according to experts, the decrease in economic and commercial growth in the world is also a factor that supports gold.

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