Gold price today September 6: Increased 'breaking' 11-month peak

Gold prices today, September 6, continued to soar and reached the 11-month mark. Investors are racing to buy gold as a safe haven.

The US dollar has fallen to a near 15-month low. Military tensions in North Korea continue to be the main reason for the recent consecutive increase in gold prices.

Opening the trading session this morning (September 6), DOJI Group listed the price of SJC gold at 36.70 - 36.86 million VND/tael (buy - sell), down 20 thousand VND in the buying direction and up 60 thousand VND in the selling direction compared to the same time in yesterday's trading session.

SJC gold price at Bao Tin Minh Chau is listed at 36.74 - 36.81 million VND/tael, unchanged in both directions compared to the same time yesterday. The price of round gold rings of Thang Long Dragon Gold is traded at: 36.29 - 36.74 million VND/tael (buy - sell), an increase of 100 thousand VND in both directions compared to the previous trading session.

At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars is listed at 36.69 - 36.86 million VND/tael (buy - sell), an increase of 40 thousand VND for buying and a decrease of 40 thousand VND for selling.

According to PNJ experts, although the world gold price is constantly fluctuating, the reaction of the domestic gold price is still quite stable, as of 4 pm yesterday, the selling price of gold was stable at 36.77 - 36.80 million VND/tael. The volume of gold bar transactions at PNJ Company yesterday, September 5, reached more than 350 taels, the buying and selling ratio was quite balanced, most of them were still just small retail transactions conducted in Ho Chi Minh City and Hanoi.

World gold price is currently listed at 1,341 - 1,342 USD/ounce (buy - sell).

The price of 9999 gold futures for December delivery on the Comex New York floor increased by 12.8 USD to 1,343.10 USD/ounce.

The world gold price has skyrocketed to an 11-month peak, with military tensions in North Korea being the main reason for the increase in gold prices. Investors are rushing to buy gold as a safe haven at the moment.

Experts predict a sharp rise in gold prices. First resistance is seen at the current high of $1,345.50/ounce and then at $1,350/ounce. First support is seen at the current low of $1,331.10/ounce and then at $1,325/ounce.

One notable piece of information that will affect gold prices this week is the speech of European Central Bank (ECB) President Mario Draghi and important economic data to be released after the monetary policy meeting this Thursday.

In the foreign exchange market, the central exchange rate announced by the State Bank on the morning of September 5 was 22,434 VND/USD, down 5 VND compared to the previous session. Vietcombank's USD exchange rate today is listed at 22,690 - 22,760 VND/USD (buy - sell), unchanged from the previous trading session.

According to Lao Dong Newspaper