[ad_1]
Thursday, 11/26/2020 08:45 AM (GMT + 7)
The price of gold today has slowed but has still detected the bottom for 4 months and has shown no signs of rising.
At 8:30 a.m. Vietnam time, the world gold price stood at $ 1,811 / ounce, equivalent to the same time in the morning.
The fall in the price of gold has been slowed by signs of a slow recovery in the US labor market. Yesterday, the US Department of Labor announced that 778,000 people filed for unemployment benefits for the first time last week, higher than the 733,000 people forecast by observers.
“The gold support unemployment data is based solely on the notion that we are still in a dark period before we come out of this pandemic,” said Kitco Metals senior analyst Jim Wyckoff.
The weakening of the dollar also supports gold by making it less expensive for holders of other currencies.
In the short term, the price of gold is under a lot of selling pressure, gold mutual funds have shown no signs of stopping reducing the amount of gold held. Specifically, in the session on November 24 at dawn, some investment funds sold an additional 33.7 tons of gold after selling 17.5 tons in the previous session.
However, the next Asian gold market will enter peak consumption season. This is a great time for this luxury item.
These factors make the price of gold almost stop, around the threshold of 1800 USD, there is no sign of increase but not of excessive decrease.
The price of gold is supported by many factors
In the domestic market this morning, Saigon Jewelry Company quoted the price of SJC gold bought and sold at 54.25-54.82 million dong / tael, unchanged from the previous session.
Gold Doji traded the price of gold at 54.15-54.8 million / tael, 50,000 VND / tael lower compared to yesterday’s closing session.
Phu Quy SJC quoted the price of gold between 54.25 and 54.75 million dong / tael, an increase of 50,000 dong / tael compared to the last session.
Source: http: //danviet.vn/gia-vang-hom-nay-26-11-dan-buon-van-dua-nhau-ban-thao-gia-vang-ra-sao-50202026 …
The price of gold continued to fall deeply, continuously penetrating the lower levels and reaching almost $ 1,800.
