Domestic and world gold prices increase and decrease in opposite directions
SJC gold reversed and increased sharply by more than half a million VND per tael, bringing the price to 84.5 million VND/tael, while world gold suddenly dropped shockingly.
At the time of survey at 5:00 a.m. on April 13, on the trading floor of some companies as follows:
DOJI listed the price of 9999 gold at 82.80 million VND/tael for buying and 84.80 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 82.20 - 83.20 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 82.70 - 84.50 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 82.70 - 84.70 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,343.29 USD/ounce, down 33.36 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 69.848 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 12.652 million VND/tael higher than the international gold price.
World USD increases strongly
USD exchange rate today, April 13, USD VCB slightly increased by 10 VND in both buying and selling directions, meanwhile, the world USD "steadily" increased strongly, reaching 106 points.
The central VND/USD exchange rate announced by the State Bank today is adjusted to 24,082 VND/USD, an increase of 36 VND compared to the trading session on April 12.
Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,236 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,236 VND/USD.
In the world market, the Dollar Index, which measures the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 106.02 points - up 0.70% compared to the transaction on April 12.
The US dollar rose to its highest level since November in today's trading session, boosted by safe-haven demand amid geopolitical tensions in the Middle East as well as growing divergence in monetary policy between the US Federal Reserve (FED) and other major centers.
Oil price exceeds 92 USD/barrel
In the world market, gasoline prices today, April 13, continue to increase.
According to data from Oilprice, at 8:52 p.m. on April 12 (Vietnam time), Brent crude oil was trading at $92.08 per barrel, up $2.34, or 2.61%, from the previous session. WTI crude oil was at $87.55 per barrel, up $2.53, or 2.98%, from the previous session.
Oil prices are on track to rise as tensions in the Middle East continue to threaten supply disruptions in one of the world's largest oil-producing regions.
Escalating geopolitical instability in the Middle East has caused concern among investors. This has affected the "black gold" market.
According to Reuters, the minutes of the US Federal Reserve (Fed) meeting showed that the country's officials were concerned that inflation could stagnate at high levels and that it would take a longer time to tighten monetary policy.
According to Reuters, the minutes of the US Federal Reserve (Fed) meeting showed that officials were concerned that inflation could stagnate at high levels and that it would take a longer time to tighten monetary policy.
Many investors had expected the Fed to start cutting interest rates in June. But based on the consumer inflation index continuously exceeding forecasts, it is likely that September will be the time for the Fed to cut interest rates.
Slower rate cuts could reduce oil demand and negatively impact oil prices./.
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