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On April 4, the SJC gold bar increased by 150,000 – 200,000 VND per tael, Eximbank bought 55.9 million VND / tael and sold 56.3 million VND / tael; Doji Group bought at 55.8 million / tael and sold 56.4 million / tael; Phu Quy Company SJC bought 55.85 million dong / tael and sold 56.4 million dong / tael … SJC gold price is 2.8 million dong / tael higher than the world price.
The precious metal on the morning of April 4, rose 19 USD / ounce, to 1,917 USD / ounce after a long time trying to break above 1,900 USD / ounce is quite difficult. Gold is ahead of some pretty big events that are expected to take place this week. Markets are watching Georgia (US) elections to determine which side controls the Senate. If Democrats win more in the Senate, the Joe Biden administration can pass the desired support package for the American economy to recover from the negative effects of the Covid-19 epidemic. In the last 24 hours, in the US, the number of infected people has increased by 194,000 people to more than 21.11 million, of which the number of deaths has increased by 1,387 people, reaching 360,000 people. The number of infected people worldwide increased to almost 85.5 million, of which the death was 1.85 million.
In 2020, the US Federal Reserve (Fed) released two support packages worth nearly $ 4 billion, an interest rate close to 0%, and the possibility that in the near future, the US will be able to do so. Have a new support pack. Gold is a hedge against inflation, so it is likely to rise beyond $ 2,000 / ounce. Furthermore, gold was also supported by political tensions between the US and China when the US removed 3 large Chinese securities companies from the US stock market; just as the United States was tense with Iran when it sent two bombers to the Middle East.
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