After a decline, gold prices surged today to nearly $1,200, closing at their highest level since June 2015.

On February 8th, world gold prices fell amid a strengthening US dollar following a positive US labor market report. However, on February 9th, 2016, gold futures for April delivery on the Comex exchange unexpectedly rose by $40.2, or 3.5%, to $1,197.90 per ounce.

Meanwhile, the price of gold on the Kitco exchange at 6:30 AM this morning (Vietnam time) is maintaining at $1,192.70 per ounce.

Specifically, at Saigon Jewelry Company, today's gold price is listed at 33.08 - 33.38 million VND/ounce (buy - sell) in Ho Chi Minh City and 33.08 - 33.40 million VND/ounce (buy - sell) in Hanoi.

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According to analysts, gold has benefited greatly from safe-haven flows, as concerns about the US and global economies are holding markets back. Weaker-than-expected global growth has pushed the Federal Reserve back on the bench and not raised interest rates at all in 2016. Growing expectations that the Fed will not raise interest rates have pushed the US dollar lower, supporting gold.

In the foreign exchange market, the USD price this morning at Vietcombank was listed at 21,315 – 21,365 VND/USD (buying – selling).

Other precious metals markets on the Comex exchange saw March silver futures surge 64.8 cents, or 4.4%, to $15.426 per ounce. April copper futures fell 1.3 cents, or 0.6%, to $2.091 per pound. April platinum futures gained $25, or 2.8%, to $928.70 per ounce. March palladium futures also rose $19.40, or 3.9%, closing at $518.10 per ounce.

According to Knowledge