Gold prices rise, oil prices continue to be tense
Domestic gold price at the beginning of the week (February 27) increased slightly by 80,000 VND/tael compared to the end of last week: over 45 million VND/tael. World gold price traded in the Asian session this morning increased slightly by 0.20 USD/ounce.
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| Domestic gold price increased slightly at the beginning of the week - Photo: T.D. |
In Hanoi, Thang Long Dragon Gold of Bao Tin Minh Chau Company bought at 44.05 million VND/tael, sold at 44.3 million VND/tael. Agribank's 3-letter A gold bars bought at 44.1 million VND/tael, sold at 44.5 million VND/tael. SJC gold traded in Hanoi had a buying price of 45.08 million VND/tael, sold at 45.19 million VND/tael.
Last weekend, the price of gold traded in the US market decreased slightly after four sessions of increase. Accordingly, the price of gold for April 2012 delivery on the Comex floor decreased by 9.9 USD/ounce to 1,776.4 USD/ounce due to profit-taking actions of investors after a period of strong price increase.
However, in the Asian session this morning, the world gold price showed signs of reversing and increasing slightly by 0.20 USD to 1,773.80 USD/ounce in the context of crude oil prices continuing to increase for the seventh consecutive session and reaching the highest increase in nearly a year.
The price of crude oil for March 2012 delivery in the US market increased by 1.94 USD/barrel (1.8%) to 109.77 USD/barrel, reaching the highest level since May 3, 2011. The price of Brent oil rose above 125 USD/barrel, reaching the highest level in nearly 10 months.
According to Tuoi Tre
