Gold prices soar, hitting 2-year high
As soon as Britain left the European Union (EU), domestic and world gold prices rose, reaching a two-year high.
SCJ gold price this morning (June 25) skyrocketed following the world trend after the British people announced they would leave the European Union.
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| Domestic and world gold prices increased sharply - (Illustration photo: Internet) |
Specifically, at 8:45 a.m., Saigon Jewelry Company listed the buying and selling price of SJC gold bars in Ho Chi Minh City at 34.65 - 35.15, an increase of 900,000 VND/tael compared to the previous closing price. The difference between the selling price and the buying price is 500,000 VND/tael.
At the same time, DOJI Group also adjusted the buying and selling price of SJC gold in Hanoi to increase by nearly 1 million VND/tael compared to yesterday. Currently, DOJI's listed price is 34.87 million VND/tael (buy); 35.08 million VND/tael (sell). The difference between buying and selling prices of gold in Hanoi is 210,000 VND/tael.
In the world market, gold prices have continuously increased after the divorce between Britain and the European Union on June 24.
According to Kitco News, the price of gold for August delivery on the Comex division of the New York Mercantile Exchange increased by 59.3 USD (equivalent to 4.7%) to 1,322.4 USD/ounce. This is the highest gold price since July 2014.
At around 7:00 a.m. on June 25, Vietnam time, the spot gold price on the Kitco floor increased by 4.7% to $1,315.6/ounce.
Analysts say the UK’s decision to leave the EU has caused instability and volatility in the financial market. Gold is considered a safe haven asset amid falling oil prices./.
According to VOV
