[ad_1]
Saturday May 9, 2020 09:17 AM (GMT + 7)
This morning (May 9), world gold prices fell from over $ 1,720 / ounce to nearly $ 1,700 / ounce.
Last night, the world price of gold marked a deep decline, close to $ 1,700 / ounce.
At 7:30 a.m. on 9/5 (according to Vietnam time), the world spot gold price stood at $ 1,702.39 / ounce. Compared to the same time the morning before (May 8), the world price of gold fell $ 16 / ounce.
The world price of gold delivered in July 2020 was recorded in the Comex of New York Mercantile Exchanghe at $ 1,715.2 / ounce, a decrease of approximately $ 15 / ounce compared to the same time at 8/5.
World gold converted to bank prices in USD is VND 47.54 million / tael, excluding taxes and fees, less than VND 760,000 compared to domestic gold.
World gold prices fell
Gold prices fell amid the Covid-19 epidemic that is still raging worldwide. At 8:30 this morning, the world recorded 4,012,609 infected people and 276,210 deaths. The epidemic continues to increase in the United States, the United Kingdom, Russia, and complicated developments in new hot spots such as Brazil and Mexico.
As of this morning, the United States had 29,162 new infections, 1,687 deaths, bringing the total number of infections and deaths in the country to 1,321,707 and 78,615.
The United States currently faces the highest unemployment rate in the past 40 years. As a result, the unemployment rate in April rose to 14.7%, a record compared to the peak of the 2008-2009 period of global financial crisis. More than 20.5 million jobs were cut in one month, but these figures do not yet reflect actual losses.
United States President Donald Trump also recently said he was considering additional economic measures, possibly through executive orders, to respond to the effects of the Covid-19 pandemic.
The recent increase in stocks has also affected the price of gold, which is a factor that encouraged investors to change the cash flow of safe channels, including gold.
However, the downward momentum in gold prices was due in part to the restrictions because the dollar tended to decline. Noting that, at the same time, according to the Vietnam time, the strength index of the dollar against the basket of 6 major currencies stood at 99,773 points, 0.13% less.
In the domestic market, gold prices also plummeted in line with the decline in world gold prices. At 8:30 this morning, 4/25, the SJC gold price in Ho Chi Minh City of Saigon Jewelry Group is at 47.9-48.3 million VND / tael (buy-sell), below 150,000 VND / afternoon purchase volume, 200,000 VND / afternoon sale volume with the same trading hours yesterday morning. The bid / ask spread was VND 400,000 / tael.
Gold prices in Hanoi and Da Nang are at VND 47.9-48.32 million / tael (bought and sold). Compared to the same time the morning before, gold also decreased by 150,000 dong / buy and 200,000 dong / sell.
DOJI Hanoi Jewelry Group listed the gold price at VND 47.85-48.15 million / tael (buy-sell), decreasing VND 200,000 / purchase dimension, decreasing VND 150,000 / sale amount compared to the same time the previous morning.
Bao Tin Minh Chau’s Dragon Thang Long Gold is trading at 46.01-46.56 million …
After yesterday’s slump, oil prices immediately recovered and rose sharply, although analysts say there was no basis …
