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As the session closed on August 31, the price of domestic gold rebounded to exceed 57 million dong / tael compared to the morning session of the same day.
Domestic gold prices
At the close of the session, Saigon VBDQ Company quoted the price of SJC gold at 56.45 – 57.42 million dong / tael (buy-sell). Compared to the opening of the morning session on August 31, gold prices simultaneously increased by 400,000 dong / volume bought and 470,000 dong / volume sold. The difference between the buy and sell prices is now 970,000 VND / tael. 56.00 – 56.95
At the same time, DOJI Group quoted the price of gold at 56.45 – 57.10 million dong / tael (buy for sale). Therefore, the gold price was adjusted to rise sharply by 200,000 VND / tael and 150,000 VND / tael remained in the buy-sell direction compared to the morning session of the same day. The difference in the sale price is currently higher than the purchase price of 650,000 VND / tael.
World price of gold
Opening the session at 31.8 (based on Vietnam time), the global gold spot price continued to rise compared to last week’s closing session, trading at $ 1,969 / ounce. In the afternoon of the same day, gold prices fell again, $ 7 / ounce compared to the morning session, trading at $ 1,962 / ounce.
Analysts say the long-term outlook for gold remains quite optimistic as investors realize the inflationary effects of the economic stimulus measures that governments use to rescue the economy. and against the risk of new COVID-19 outbreaks.
Along with that, experts expect the price of gold this week to get back to handling the psychological level of $ 2,000 / ounce. However, investors should beware of open gold traps.
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