Gold price today, February 6, 2024, domestically welcomed the God of Wealth Day with a record high, the world also maintained its upward momentum. According to experts, political instability is actually not the only factor to push gold prices up.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 88,200 ▼100K | 90,700 ▲800K |
| HCMC - SJC | 88,000 ▲400K | 91,000 ▲900K |
| Hanoi - PNJ | 88,200 ▼100K | 90,700 ▲800K |
| Hanoi - SJC | 88,000 ▲400K | 91,000 ▲900K |
| Da Nang - PNJ | 88,200 ▼100K | 90,700 ▲800K |
| Da Nang - SJC | 88,000 ▲400K | 91,000 ▲900K |
| Western Region - PNJ | 88,200 ▼100K | 90,700 ▲800K |
| Western Region - SJC | 88,000 ▲400K | 91,000 ▲900K |
| Jewelry gold price - PNJ | 88,200 ▼100K | 90,700 ▲800K |
| Jewelry gold price - SJC | 88,000 ▲400K | 91,000 ▲900K |
| Jewelry gold price - Southeast | PNJ | 88,200 ▼100K |
| Jewelry gold price - SJC | 88,000 ▲400K | 91,000 ▲900K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 88,200 ▼100K |
| Jewelry gold price - Jewelry gold 999.9 | 88,200 ▲100K | 89,600 ▲100K |
| Jewelry gold price - Jewelry gold 999 | 88,110 ▲100K | 89,510 ▲100K |
| Jewelry gold price - Jewelry gold 99 | 87,800 ▲90K | 88,800 ▲90K |
| Jewelry gold price - 916 gold (22K) | 81,170 ▲90K | 82,170 ▲90K |
| Jewelry gold price - 750 gold (18K) | 65,950 ▲70K | 67,350 ▲70K |
| Jewelry gold price - 680 gold (16.3K) | 59,680 ▲70K | 61,080 ▲70K |
| Jewelry gold price - 650 gold (15.6K) | 56,990 ▲60K | 58,390 ▲60K |
| Jewelry gold price - 610 gold (14.6K) | 53,410 ▲60K | 54,810 ▲60K |
| Jewelry gold price - 585 gold (14K) | 51,170 ▲60K | 52,570 ▲60K |
| Jewelry gold price - 416 gold (10K) | 36,020 ▲40K | 37,420 ▲40K |
| Jewelry gold price - 375 gold (9K) | 32,350 ▲40K | 33,750 ▲40K |
| Jewelry gold price - 333 gold (8K) | 28,320 ▲30K | 29,720 ▲30K |
Update gold price today 2/6/2025
This is because there are concerns about a new trade war between the US and China - the world's two largest economies.
Recorded by World and Vietnam Newspaper At 6:20 p.m. on February 5, the world gold price on the Kitco exchange was at 2,863.7 - 2,864.7 USD/ounce, a continuous increase of 20.7 USD compared to the previous trading session.
Precious metals benefit from safe-haven demand due to current trade tensions.
In response to new US tariffs, China has imposed duties on US imports and placed several companies, including tech giant Google, on a list of potential sanctions.
Meanwhile, three US Federal Reserve officials have warned that the Trump administration’s trade tariff plans could pose inflation risks. One official said that uncertainty about the price outlook requires the Fed to cut interest rates more slowly.
Gold is often seen as a hedge against inflation, but higher interest rates could reduce the appeal of the precious metal.
This week, investors await the ADP jobs report and the non-farm payrolls report, due out on February 7, for more information on the health of the US economy.
Domestic gold prices before God of Wealth's day "heated up" when SJC gold bars and gold rings increased sharply.
Specifically, SJC Company listed the price of gold bars at 88 - 91 million VND/tael (buy - sell), corresponding to a sharp increase of 900 thousand VND in the selling price and an increase of 400 thousand VND in the buying price compared to the previous closing session, expanding the two-way price to 3 million VND/tael instead of 2.5 million VND/tael.
Similarly, other large gold and gemstone trading enterprises such as PNJ and Bao Tin Minh Chau also anchored the price of gold bars at the same level.
SJC Company listed the price of 9999 gold rings, type 1-5, at only 88 - 90.5 million VND/tael, corresponding to an increase of 400 thousand VND in buying and 900 thousand VND in selling. This is also a record high price of gold rings in history.
Bao Tin Minh Chau listed the selling price of gold rings at 90.95 million VND/tael, and the buying price at 88.2 million VND/tael.
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| Gold price today February 6, 2024: Gold price 'hot' on God of Wealth day, experts say 'be careful', the world may surpass the peak. (Source: Shutterstock) |
Summary of gold prices at major domestic trading brands at closing times on the afternoon of February 5:
Saigon Jewelry Company SJC: SJC gold bars 88 - 91 million VND/tael.
DOJI Group: SJC gold bars 88 - 91 million VND/tael.
PNJ system: SJC gold bars 88 - 91 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 88 - 91 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 88 - 91 million VND/tael.
Be careful when entering the market at this time.
Commenting on domestic gold prices, Dr. Nguyen Tri Hieu, an economic-financial expert, said that investors should be careful when participating in the market at this time.
Gold is an investment channel that depends on factors such as geopolitics, and is considered by investors as a safe haven during crises or geopolitical fluctuations. However, Dr. Hieu realized that both those who want to buy and sell gold need to consider carefully because the price of gold will continue to fluctuate.
He affirmed: “Sellers need to have a profit-taking point to sell; if they delay selling, the gold price can fall very quickly. As for those who want to buy gold, they must have a time to decide to buy. Investing in gold requires financial discipline, but if you invest emotionally, it is easy to miss good opportunities to make a profit, while accepting risks.”
Regarding the world market, Ms. Joy Yang, Head of Global Index Product Management at MarketVector, said that even if gold reaches an all-time high of over $2,800/ounce, the price of gold still has the potential to increase further. The reason is that political instability has not disappeared.
“Even if US President Donald Trump postpones tariffs on Mexico and Canada for 30 days, the renewed safe-haven demand for gold is still greater than a few trade disagreements,” she stressed.
Besides, political instability is actually not the only factor to push up gold prices.
In fact, gold will be seen as an important portfolio diversifier as investors continue to adjust to changing expectations in the technology sector, especially after China announced cheaper artificial intelligence (AI) products, Ms. Joy Yang noted.
"With stock valuations near historic levels, investors are nervous. So it's no surprise that demand for defensive assets like gold is increasing," the expert stressed.
Source: https://baoquocte.vn/gia-vang-hom-nay-622024-gia-vang-nong-ray-ngay-via-than-tai-chuyen-gia-noi-hay-can-than-the-gioi-co-the-vuot-dinh-303237.html
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