After a decline, gold prices today increased sharply to nearly 1,200 USD, ending at the highest level since June 2015.

In the trading session on February 8, the world gold price went down, in the context of the USD strengthening after a positive report on the US labor market. However, the gold price on February 9, 2016 for April delivery on the Comex floor suddenly increased by 40.2 USD, equivalent to 3.5% and reached 1,197.90 USD/ounce.

Meanwhile, the gold price on Kitco floor at 6:30 this morning (Vietnam time) is maintaining at 1,192.70 USD/ounce.

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

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According to analysts, gold has benefited greatly from safe-haven flows, as concerns about the US economy and the global economy will grip the market. Weaker-than-expected global growth has pushed the US Federal Reserve (FED) back on the bench and not raised interest rates at all in 2016. Increasing expectations of the FED not raising 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 (buy - sell).

In other precious metals on the Comex division of the New York Mercantile Exchange, silver for March delivery rose 64.8 cents, or 4.4%, to $15.426 an ounce. Copper for April delivery fell 1.3 cents, or 0.6%, to $2.091 a pound. Platinum for April delivery rose $25, or 2.8%, to $928.70 an ounce. Palladium for March delivery also rose $19.40, or 3.9%, to $518.10 an ounce.

According to Knowledge