Gold prices expected to increase in the new week
SJC gold is currently holding steady at 83 million VND/tael, world gold price is expected to increase this week.
At the time of survey at 5:00 a.m. on June 3, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold at 80.95 million VND/tael for buying and 82.75 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 81.00 - 83.00 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Limited Company is also traded by the enterprise at 80.95 - 83.45 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,329.15 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 70.584 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 10.416 million VND/tael higher than the international gold price.
At the beginning of the trading week, the world gold price was at 2,334 USD/ounce, then increased to 2,361 USD/ounce, recording the highest price of the week. However, this increase did not last long, gold weakened and plunged to 2,325 USD/ounce in the last sessions of the week. At the closing session of the trading week, gold closed at 2,329 USD/ounce.
Despite the decline, the yellow precious metal is still forecast by many experts to be optimistic in the new trading week.
Specifically, of the 10 Wall Street experts participating in this week's survey, 6 people (60%) expect gold prices to increase next week, 2 experts (20%) predict prices will decrease and the remaining 2 predict a sideways trend.
