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Gold prices have plummeted on positive information about the COVID-19 vaccine – Photo: NGOC PHUONG
Converted according to the exchange rate listed in the bank, the world price of gold is only equivalent 51.16 million VND / tael.
The world price of gold fell sharply, but the national price of gold fell more slowly. SJC and PNJ companies simultaneously quoted the sale price of SJC gold bars this afternoon at 55.5 million dong / tael, down from 600,000 to 700,000 dong / tael compared to yesterday’s gold bar price. The difference between the buy and sell prices is up to 500,000 VND / tael.
In some gold shops, the selling price of SJC gold bars was lower: 55.4 million dong / tael. The difference between buying and selling prices is also reduced to 230,000 dong / tael to stimulate purchasing power.
As pointed out Onlin Youthe, although lower than the decline in the world gold price, this is the first time that the domestic gold price has fallen below 56 million dong / tael in many months.
However, the market transaction is not as exciting as the volatility of the gold price in July and August. Compared to the world price of converted gold, the current price of SJC gold bar is 3.9 million dong / tael. Compared to yesterday, the world price of gold has evaporated by almost 2.7%.
Investors fled gold and turned to stock channels before receiving positive news about the COVID-19 vaccine. Final testing information for the COVID-19 vaccine from Pfizer-BioNTech and Moderna shows that their vaccine is approximately 95% effective.
In addition, the rebound of the dollar is also the reason why gold is the world did not stop.
There are many questions that arise around the sudden movement of the world price of gold. Many experts predict that the decline in gold prices has not stopped, the next milestone may be $ 1,810 / ounce.
Should it penetrate this level, the world gold price is likely to fall to the price range of $ 1,600 / ounce.
Will gold prices have a chance to break out next week?
