ANTD.VN - While world gold prices stagnated, domestic gold prices continued to increase this morning, and gold rings continued to set new records.
Opening the trading session this morning, Saigon Jewelry Company (SJC) listed the buying and selling prices at 80.30 - 82.30 million VND/tael, an increase of 100,000 VND per tael in both buying and selling directions.
At DOJI Group, gold bars were also adjusted up by 100,000 VND per tael, to 80.25 - 82.25 million VND/tael.
This is also the increase applied by PNJ this morning, accordingly, this enterprise listed the national gold brand price at 80.30 - 82.30 million VND/tael;
Meanwhile, Bao Tin Minh Chau slightly increased 50 thousand VND/tael for buying, kept the selling price unchanged, currently trading at 80.35 - 82.15 million VND/tael;
At Phu Quy, SJC gold increased by 50 thousand VND/tael in both directions, listed at 80.20 - 82.20 million VND/tael...
 |
The gold market is still hot. |
Meanwhile, after a strong increase of more than 500,000 VND per tael yesterday, 9999 gold continued to increase by about 100 - 150,000 VND per tael today, reaching a new record level.
Accordingly, SJC 9999 gold rings are listed at 69.00 - 70.25 million VND/tael; Bao Tin Minh Chau smooth round rings are 70.08 - 71.38 million VND/tael; DOJI Hung Thinh Vuong 9999 rings are 69.90 - 71.20 million VND/tael...
Globally, although the growth momentum has slowed down, gold prices are still around their all-time highs with spot gold trading around $2,180/ounce.
The increase in gold prices in the past ten days has been beyond the expectations of both experts and investors. Because gold seems to have broken the rules, when it is increasing in price despite its inverse correlations also strengthening, including stocks and bitcoin; while the USD has not shown any clear signs of cooling down, expectations about the Fed's interest rate cut roadmap have not changed much...
This has made it difficult for analysts to find the real drivers of the precious metal, with some saying that gold’s outperformance in this environment can only be explained by increased buying demand.
Despite bullion-backed ETFs seeing their holdings decline over the past year, physical gold demand is expected to remain relatively strong in China and India this year, with central banks continuing to add 39 tonnes of gold in January alone.
This should help gold maintain a positive outlook this year, although in the short term, the precious metal could face a correction as it is falling into overbought territory.
Source link
Comment (0)