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The price of gold today (15.5) in the country continues to rise. Saigon Jewelry Company (SJC) increased the price of gold pieces by 140,000 – 150,000 VND to 48.32 – 48.69 million VND / tael. In particular, the sale price of SJC in Hanoi is VND 48.71 million / tael. Similarly, in Hanoi, Doji Company increased the price of gold pieces by 200,000 VND to the sale price of 48.55 million VND / tael and only increased 120,000 VND in the direction of purchase to 48.30 million VND / tael. .
The world price of gold on May 15 soared to $ 1,733 / ounce and gold delivered in June rose 0.13% to $ 1,743.25. This is the highest level in the last 3 weeks of gold prices in the international market. Gold prices soared at the same time that US stocks sold in session 14.5 after the US Department of Labor. USA It said that a total of 2.98 million Americans applied for unemployment insurance in the week ending 9.5. This is worse than the forecast of 2.7 million new claims for unemployment benefits from economists participating in the Dow Jones survey. The number of new claims also brought the total number of unemployed during the Covid-19 crisis to nearly 36.5 million in the past two months, by far the highest in the history of the United States.
Jeff Klearman, Portfolio Manager at GraniteShares, told MarketWatch that the interest rate on United States government bonds was close to zero due to the Fed’s unprecedented adaptive monetary policy and unprecedented bailouts. , together with the public deficit, set the stage for high gold prices.
Although the price of gold has increased considerably compared to the beginning of this year, not all investors have made a profit. Bloomberg recently reported that in late March HSBC lost about $ 200 million a day. The reason was announced in March, gold traders suffered losses due to market disruption in the context of factory closings, paralyzed aviation, bullion transport routes to world markets. strangle ”…
The world’s demand for gold is believed to be quite large. The world’s largest gold goodwill, SPDR Gold Trust, said its holdings rose 0.78% to a seven-year high of 1,092.14 tons at 13.5.
After falling at the beginning of the session, the US stock market. USA It recovered at the end of day 14.5 and the price of US crude oil also rose 9% to $ 27.56 / barrel. At the close of the session at 14.5, the Dow Jones increased by 377.37 points, equivalent to 1.62% to 23,625.34 points; the S&P 500 added 1.15% to 2,852.50 and the Nasdaq Composite added 0.91% to 8,943.72.
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