Gold price falls to 5-month low
Gold prices today (August 20) on the world market fell to their lowest level in the past 5 months, in the context of China's economic difficulties and strong fluctuations in the financial market.
Domestically, at the end of the trading session on August 19, the price of 9999 gold bars at SJC Ho Chi Minh City was 67 million VND/tael (buy) and 67.7 million VND/tael (sell). SJC Hanoi listed at 67 million VND/tael (buy) and 67.72 million VND/tael (sell).
Doji Hanoi listed at 66.95 million VND/tael (buy) and 67.75 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 67.05 million VND/tael and sold at 67.65 million VND/tael.
On the world market, the spot gold price on Kitco on August 19 (at 2:00 p.m., Vietnam time) was trading at 1,889 USD/ounce.
At the current price, the world gold price converted to VND (including tax and processing fee) is about 12.35 million VND/tael different from the domestic SJC gold price.
Growing concerns that the Federal Reserve may keep interest rates higher than initially expected in an effort to control inflation weighed on the gold market, with prices ending the week at their lowest in five months.
Meanwhile, US bond yields rose, hitting a 15-year high on Thursday, making gold less attractive.
Despite optimism that gold prices could regain their luster later this year, analysts warn the precious metal is likely to fall further next week.
The world's largest gold exchange-traded fund, SPDR Gold Trust, fell 6.93 tonnes in the session on August 17. The fund currently holds 887.50 tonnes, the lowest holding since January 2020.
Coffee prices continue to fall
Domestic coffee prices on August 20, in the Central Highlands provinces, after a slight increase in the trading session, continued to decrease, the decrease was from 400-500 VND/kg, fluctuating from 63,600 - 64,300 VND/kg, the highest purchase price in Dak Nong was 64,400 VND/kg.
Specifically, coffee prices in Gia Lai and Kon Tum provinces stood at VND63,700/kg (down VND500/kg). In Dak Nong province, the highest coffee purchase price was VND64,400/kg (down VND500/kg compared to the previous trading session).
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at a low price, at 63,600 VND/kg.
In Dak Lak province today, in Cu M'gar district, coffee price is currently at 64,200 VND/kg. In Ea H'leo district, Buon Ho town, it is purchased at the same price of 64,300 VND/kg (down 400 VND/kg).
During the week, the price of live pigs decreased by 2,000 VND/kg.
In the Northern region, the price of live pigs today (August 20) remained stable across the board and fluctuated between 59,000 - 61,000 VND/kg.
In the Central Highlands region, the price of live pigs today remained stable across the board and fluctuated between 57,000 - 60,000 VND/kg. Accordingly, the lowest price in the region of 57,000 VND/kg continued to be recorded in Dak Lak and Binh Dinh. On the other hand, the highest price in the region of 60,000 VND/kg was recorded in Thanh Hoa and Nghe An.
In the Southern region, the price of live pigs today is quiet and fluctuates between 56,000 - 59,000 VND/kg.
In general, over the past week (from August 14 to August 20, 2023), the price of live pigs fluctuated in a downward trend of 1,000 - 2,000 VND/kg across the board and is currently hovering around 60,000 VND/kg. Recorded on the weekend (August 20), the average price of live pigs in the Northern region stood at 60,840 VND/kg; in the Central - Central Highlands region stood at 59,280 VND/kg; in the Southern region stood at 58,210 VND/kg.
Source
Comment (0)