ANTD.VN - World gold prices only increased slightly due to safe-haven demand, while domestic gold prices continued to remain "still" since last weekend.
Domestic SJC gold prices have had almost no significant fluctuations in the first two days of the week. After a slight increase yesterday, the precious metal was quite quiet this morning.
Saigon Jewelry Company listed the price of gold bars at 74.30 - 76.80 million VND/tael, unchanged from yesterday's closing price.
Other businesses also maintained the same price as the previous session. Specifically, at DOJI Group, SJC gold was listed at 74.15 - 76.75 million VND/tael; PNJ at 74.40 - 76.80 million VND/tael; Phu Quy SJC 74.40 - 76.75 million VND/tael; Bao Tin Minh Chau 74.45 - 76.75 million VND/tael...
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Gold prices await information after Fed meeting |
For 9999 gold, businesses continued to adjust the price slightly up by about 50 thousand VND/tael this morning. Accordingly, SJC 99.99 rings are listed at 62.85 - 64.05 million VND/tael; PNJ gold is 62.75 - 64.05 million VND/tael; Bao Tin Minh Chau's Thang Long Dragon Gold is 64.033 - 65.13 million VND/tael...
Globally, gold prices rose slightly in mid-day trading in the US on Monday (last night, Vietnam time), mainly due to some safe-haven buying after a terrorist attack in Jordan that killed three US soldiers. President Biden said the US would respond to this action, raising concerns about increased military risks.
However, by the end of the session, the precious metal quickly cooled down. Spot gold closed at around $2,030/ounce, down slightly by $2.8/ounce during the session.
Investors are now awaiting the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed) starting on Tuesday morning (tonight Vietnam time) and ending on Wednesday afternoon with a statement and press conference from Fed Chairman Jerome Powell. The FOMC is not expected to change US monetary policy at this meeting but may provide new guidance on future policy plans.
Data last week showed US prices grew moderately in December, keeping annual inflation below 3% for a third straight month and potentially allowing the Fed to start cutting interest rates this year.
A Reuters poll on January 29 showed economic uncertainty and many said U.S. interest rate cuts could push gold prices to a record high in 2024.
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