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The world price of gold this afternoon ended the downward chain and tends to rise slightly again.
The recovery in gold prices on the world market appeared from this morning’s trading session, although the amplitude of the recovery was much less than that of previous declines.
Closing session at noon this afternoon (September 25 Vietnam time), the price of gold rose just over $ 5.6 compared to yesterday’s closing price and recovered to $ 1,868.6 / ounce .
Going into the afternoon session, the world price of gold continued to maintain a slight increase. At the moment, the price of gold is trading at $ 1,872 / ounce.
According to investors and experts, although there are signs of a rise, the market still has many factors that can lower the price of gold.
Specifically, the USD continues to rise steadily and peaked in the past 2 months and the instability in global financial markets. On top of that, there is the movement of continually selling gold by investors.
According to investors, gold price forecasts in the coming days may break resistance and move to $ 1,921 / ounce. However, in the opposite direction, the price of gold may fall back to around $ 1,800 / ounce.
At the moment, the price of SJC gold bars in the national market is quoted at 55.15 – 55.65 million VND / tael, equivalent to an increase of 700 thousand VND per tael in the purchase direction and 650 thousand VND. VND was sold in the afternoon compared to yesterday afternoon’s session.
Although it tends to rise again, the world price of gold has not been able to recover the price of 1,960 USD / ounce set at the beginning of the week. Compared to the price at the beginning of the week, the world gold price has now dropped to USD 88, which is equivalent to a reduction of almost 2.5 million dong per tael calculated according to the USD selling rate in Vietcombank.
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