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In this afternoon’s session, the world market price of gold at one point sank to the price range of just $ 1,870 / ounce.
In this afternoon’s session (September 23, Vietnam time), the world market price of gold witnessed the third consecutive day of decline and at one point fell to almost $ 1,870 / ounce.
At the moment, the world price of gold is trading at $ 1,885 / ounce, and it is still down about $ 10 compared to the transaction price at the same time yesterday.
So, in just a few days of trading, the global price of gold is down to $ 73 per ounce compared to the opening price on the first day of trading of the week of $ 1,958 / ounce.
Converted to the US dollar sale rate on Vietcombank on September 23, the world gold price is currently on a similar decline of more than 2 million dong per tael.
According to international investment organizations, the price of gold is experiencing a sharp decline as the USD rose to its highest level in more than a month.
Additionally, investors remain skeptical about additional stimulus measures to support the economy hit by the COVID-19 pandemic on the eve of comments from US Federal Reserve officials this week.
Increased risk aversion can help the dollar continue to rise, thus increasing pressure on the price of gold to decline.
In response to strong fluctuations in the world market, the price of gold on the domestic market has also fallen in recent days, although the fall has not kept pace with the world price.
Currently, the SJC gold bar has officially lost 56 million dong / tael and is trading at 55.40 – 55.85 million dong / tael, 200 thousand dong / tael less than in the morning.
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