USD loses 105 mark; SJC gold continues to decrease by 1.5 million VND/tael

USD "turned around" and fell sharply, losing the 105 mark

Today, VCB USD increased and decreased in opposite directions, meanwhile, the world USD slipped below the 105-point mark before the announcement of PCE inflation data.

The central VND/USD exchange rate announced by the State Bank is adjusted to 24,258 VND/USD, up 5 VND compared to the trading session on May 30.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,450 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 25,450 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of mixed increases and decreases at banks. Specifically, Vietcombank has a buying price of 25,220 and a selling price of 25,470, down 15 VND in the buying price and up 5 VND in the selling price compared to the trading session on May 30. The current USD buying and selling prices are in the range of 24,000 - 25,500 VND/USD.

In the world market, the Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.75 points - down 0.33% compared to the transaction on May 30.

SJC gold continues to decrease by 1.5 million VND/tael

Today, SJC gold price dropped by nearly 1.5 million VND/tael, bringing the price to 88.8 million VND, while world gold price increased slightly again.

At the time of survey at 5:00 a.m. on May 31, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 84.75 million VND/tael for buying and 87.50 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 86.30 - 88.30 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 84.80 - 87.50 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 86.00 - 87.90 million VND/tael (buy - sell).

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,342.81 USD/ounce, a difference of 5.36 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 70.987 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 15.313 million VND/tael higher than the international gold price.

High marketsuheterogeneous fluctuations

Updated world rubber prices at 5:00 a.m. on May 31, 2024 (Vietnam time) recorded inconsistent price fluctuations on the three exchanges. Rubber futures prices increased on TOCOM and SGX and unexpectedly decreased on the Shanghai exchange.

According to experts, with the price of rubber since the beginning of the year, rubber is entering a new cycle of price increases. The main reason is due to harsh weather conditions in leading producing countries, causing tight supply.

At the Tokyo Commodity Exchange (TOCOM), RSS3 rubber prices continued to remain high, fluctuating at 344.9 - 350.8 JPY/kg.

Similarly, the price of natural rubber on the Shanghai Futures Exchange (SHFE) also decreased across terms, ranging from 15,090 - 15,385 CNY/ton.

TSR20 rubber price at Singapore Exchange (SGX) fluctuates at 169.5 - 182.5 US cents/kg. RSS3 rubber is traded on Tocom - Tokyo from 11:00 to 17:15, 18:30 to 06:00 (next day), Vietnam time.

At domestic rubber companies, the purchase price of raw rubber latex is currently maintained at around 283 - 312 VND/TSC. Of which, Phu Rieng Rubber Company maintains the purchase price at 285 - 305 VND/TSC, stable compared to the end of last month.

Binh Long Rubber Company maintains the purchase price at 285-295 VND/TSC. Ba Ria Rubber Company maintains the purchase price at 283-293 VND/TSC. Phuoc Hoa Rubber Company maintains the purchase price at 310-312 VND/TSC.