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At the close of session 1.9, gold prices continued to rise continuously in the domestic and international markets. Currently, the price of gold bars in the country has approached almost 58 million VND / tael.
Domestic gold prices
At the close of the session, Saigon Jewelry Company quoted the price of SJC gold at 56.75 – 57.70 million dong / tael (buy-sell). Compared to the morning opening session on 1.9, gold prices continued to rise, simultaneously increasing by 200,000 in both the buy and sell directions. The difference between the buy and sell prices is currently 950,000 VND / tael.
At the same time, DOJI Group quoted the price of gold at 56.90 – 57.50 million VND / tael (buy for sale).
Therefore, the price of gold adjusted to rise sharply by 300,000 VND / tael and 100,000 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 greater than the purchase price of 600,000 dong / tael.
Although not as strong as the previous one, the price of gold has been rising continuously for almost a week. Currently, each amount of gold has increased by between 1.7 and 2 million dong compared to a week ago.
World price of gold
At the opening of the 1.9 session (according to Vietnamese time), the world price of gold declined, trading at $ 1,972 / ounce. However, in the afternoon of the same day, gold prices rose in shock, with a difference of 18 USD / ounce compared to the morning session. Currently, the world price of gold is trading at $ 1,990 / ounce.
According to the analysis of experts, the reason for the rise in gold prices comes from the fact that the United States Federal Reserve (FED) said that the Central Bank of the United States will seek to achieve an average annual inflation rate of 2%. However, due to the rapid rise in the price of gold, investors need to beware of open gold traps.
Along with that, economists also said that the price of gold is still in a long-term uptrend. According to Bloomberg, the uptrend in gold prices can return when the dollar weakens, causing the need to accumulate gold to increase. Gold could reach $ 4,000 an ounce by 2023.
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