Gold prices today 26.9.2020: back down | Finance – Business



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On the morning of September 26, Saigon Jewelry Company (SJC) lowered the listing price of gold bars by 100,000 VND, to 55.05 – 55.55 million VND / tael. In contrast, Doji Group in Hanoi increased by 200,000 VND in the buy direction to 54.95 million VND / tael and kept the sale price at 55.45 million VND / tael at the end of the previous day. The difference between the purchase and sale prices of the gold trading companies is still 500,000 VND / tael.
The price of gold on the international market on the morning of September 26 was $ 1,861.7 / ounce, $ 7 less after one day. At the end of the session on September 25 (sunrise on September 26, Vietnam time), the gold contract for December delivery was backing $ 10.6, equivalent to 0.6% at $ 1,866.30 / ounce, this is the closest close low. In 2 months. The contract has lost 4.9% overall this week.
Despite gloomy data from the US job market, as the number of claims for unemployment benefits increased the most last week, gold prices are still under selling pressure. “Most of the gold sell-off is largely due to the strong dollar that we have seen this week,” Naeem Aslam, AvaTrade’s director of market analysis, told CNBC. The recent resurgence of the dollar has made gold, which is pegged to the dollar, more expensive for foreign buyers using other currencies.
Sharing the same opinion, Edward Moya, a senior market analyst at Oanda in New York, told Reuters that Republicans and Democrats were on the same page about introducing some stimulus, but could not decide. quantity. The uncertainty pushes investors towards the dollar.
The dollar strengthened also pushed global stocks, the euro fell during the week, as investors sold assets for fear of risks and chose the safety of the USD …




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