[ad_1]
The gold market has recently been divided by other more attractive investment channels – Photo: NGOC PHUONG
It used to rise to almost $ 1,900 / ounce, however, by the end of today, the world gold price declined to $ 1,883 / ounce. Converted according to the exchange rate indicated in the bank, the world price of gold equals 52.71 million VND / tael.
This is the second “falling horse” before the $ 1,900 / ounce threshold of the world gold price in about a week recently.
At the end of today, SJC Company and PNJ Company quoted the sale price of SJC gold bar at 55.5 million dong / tael. The difference between the purchase price and the sale price is about VND 500,000 / tael.
Also in gold shops, the selling price of SJC gold bars was also 55.42 million dong / tael.
The gold market was quiet at the end of the year as capital dispersed through other investment channels with higher returns such as stocks and virtual currencies. Especially today, Bitcoin has set a record high of $ 22,800 / Bitcoin.
Overall, in the last 7 days, Bitcoin has risen to 28.73% and has reached an almost incredible price, thus spurring investors to invest capital through this channel.
Not just Bitcoin, the prices of many other cryptocurrencies are also green, such as Ethereum rising more than 20% in the last week and at $ 651.72. XRP is also up over 8.8% in a week.
According to Kitco market reports, more than 60 tonnes of gold were withdrawn from ETFs last month. The movement of the gold price in November has made many investors remember the scenario of 2013, when money was withdrawn from gold ETFs, causing the deepest drop in the price of gold in 30 years.
One of the reasons that capital is withdrawn from gold is that investors restructure their portfolios, allocating a portion of the capital through Bitcoin and other virtual currencies to diversify the portfolio and prevent risk. when the USD depreciates.
