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The global price of gold skyrocketed in the first session of the week after US President Donald Trump signed the $ 2.3 billion Covid-19 bailout and spending package.
9 am this morning (Dec 28) according to Vietnam time, the global price of gold for immediate delivery increased by almost $ 19 compared to the closing session of the week, which is equivalent to an increase of 530,000 VND per tael if converted to bank rates. taxes and payments). Each ounce of gold traded at around $ 1,897, or about 53.3 million dong per tael.
The world price of gold soared when the first session of the week opened. Photo: Kitco.
The domestic gold price increased in line with the world price, but at a lower level, the difference between the domestic and world gold prices was reduced to 2.75 million VND per tael.
DOJI Jewelry and Gemstone Group quoted the gold bar trading price at 55.4 – 56.05 million dong, an increase of 200,000 dong / tael compared to the end of last week. The difference between buying and selling is 650,000 VND per tael. Meanwhile, the price of gold at SJC Jewelry Company increased by 150,000 VND to 55.45 – 55.95 million VND per tael.
Gold transaction in the store. Photo: DOJI.
The world price of gold rose in the first session of the week after the long-awaited rescue information. On December 27, the President of the United States, Donald Trump, signed to issue a package of spending and aid worth 2.300 billion dollars, including the Covid-19 support package for people worth 900 billion. of dollars. Earlier, Trump refused to sign the bill because he said relief spending for the people was not enough and called for an increase.
The $ 2.3 billion package is one of the largest spending bills ever enacted after the passage of the $ 2.2 billion CARES Act in late March. Investment is expected to drive inflation up, the dollar to become weaker, and precious metals to increasingly play a safe haven role.
Quynh Trang
