ANTD.VN - After a week of continuous increase, the price of gold rings has officially exceeded 85 million VND/tael - the highest price in history - in today's session, October 18. In the world, spot gold also reached a new record price of over 2,700 USD/ounce.
At the opening of today’s trading session, the price of SJC gold at 4 commercial banks, SJC Company and other large gold trading enterprises was listed unchanged compared to the closing price yesterday. Accordingly, the buying and selling price of this gold brand is 84-86 million VND/tael.
Meanwhile, gold rings continued to increase sharply when gold brands increased by 250-550 thousand VND per tael. Including yesterday's session, the price of gold rings increased by about 1 million VND per tael.
Accordingly, the prices of some gold ring brands are listed as follows: Bao Tin Minh Chau's Thang Long Gold Round Ring listed early this morning at 84.08 - 85.08 million VND/tael (buy - sell); Phu Quy 999.9 round ring listed at 84.10 - 85.10 million VND/tael; DOJI Hung Thinh Vuong ring 84.10 - 85.10 million VND/tael; SJC 999.9 ring 83.65 - 84.75 million VND/tael.
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Gold price breaks through old peak |
Globally, gold prices skyrocketed in last night's trading session, Vietnam time, reaching a new historical record. As of 10:00 a.m. Vietnam time, the world spot gold price was trading at over $2,709/ounce, up nearly $35/ounce compared to the opening price.
The latest US economic data showed retail sales rose slightly in September, while jobless claims unexpectedly fell last week, playing into the hands of monetary policy hawks who want the Fed to hold off on cutting interest rates too quickly.
However, the data was overshadowed by safe-haven demand amid geopolitical tensions and uncertainty surrounding the U.S. presidential election, which is pushing gold higher. Technical buying amid a bullish chart for the precious metal is also providing a boost.
Along with that, gold is considered the biggest counterweight to the USD in the context that many countries want to diversify their reserves besides the greenback.
In a recent news, the Chief Executive of the Hong Kong Special Administrative Region (China) announced in a policy speech that Hong Kong will take advantage of its strengths in gold import and export to become an international gold trading center.
Hong Kong officials noted that Hong Kong is among the world's largest gold import and export markets by volume, and said the current complex geopolitical situation has highlighted Hong Kong's advantages in security and stability.
Many brokerages say gold is becoming increasingly popular with developing economies looking to diversify their foreign exchange reserves, as seen in the huge hoarding sprees by China, Russia and Türkiye over the past few years.
The BRICS summit begins next week, with de-dollarization a key part of the agenda, hosted by Russia.
Source: https://www.anninhthudo.vn/gia-vang-pha-ky-luc-the-gioi-vuot-2700-usdounce-vang-nhan-can-moc-85-trieu-dongluong-post592916.antd
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