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On September 28, Saigon Jewelry Company – SJC reduced the purchase price of gold bars by 20,000 VND / tael, to 55.08 million VND / tael, while in the afternoon the sale decreased by 50,000 VND / tael, to 55.55 million VND / tael. quantity. Other gold trading units almost unchanged, for example, Phu Nhuan Jewelry Joint Stock Company (PNJ) did not change the purchase price of 54.95 million VND / tael and sold 55.55 million VND / tael. quantity; Eximbank has a higher purchase price of SJC gold, up to 55.1 million dong / tael and sells only 55.45 million dong / tael … The price of SJC gold is 3.4 million dong higher than the world by tael.
World gold on the morning of September 28 declined by $ 1 / ounce to $ 1,860 / ounce. Precious metals were up $ 6 / ounce at the market open, to $ 1,866 / ounce, but then fell rapidly. In the last week, gold fell 4%, the biggest drop in 6 weeks.
The outbreak of Covid-19 in Europe made the market unsafe and sought USD to preserve capital, causing this coin to skyrocket in the last 2 months. As of the morning of September 28, the number of Covid-19 infections worldwide increased by 251,898 people, to 33,298 million, of which the number of deaths increased by 3,873, to more than 1 million deaths. Particularly in the US, the number of cases increased by 33,782 people, to more than 7,321 million people, of which the number of deaths increased by 276 people, to 209,453 people. The number of additional cases increased in France was from 11,123 people, to 538,569 people, of which the number of deaths increased by 27 people to 31,727 people; The UK increased 5,693 new cases, to 434,969 people, of which the number of deaths increased 17 people, to 41,988 people … The Covid-19 outbreak in Europe is causing market investors to doubt the recovery. the economy of this area.
According to Phu Nhuan Jewelry Joint Stock Company (PNJ), the gold market is under more pressure when the important psychological support level of $ 1,900 / ounce breaks. In an interview with Kitco News on the sidelines of the Denver forum, Charlie Morris, chief investment officer at Byte Tree Asset Management, said that, at the above price, the price of gold was trading at a premium of 15%. Therefore, the reasonable threshold for the next time is $ 1,600 / ounce. However, according to the analysis of many experts, in the face of an unpredictable future when Europe faces a new corona wave and the cases of infections have increased in many countries such as Spain, France … the recovery of the world economy will slow down and not it will meet expectations as previously forecast, and will create a force to support gold prices.
The gold market this week is forecast to have unpredictable fluctuations, as the US House of Representatives through the economic stimulus package, the labor data announced over the weekend …
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