World gold price goes up; domestic steel price stays the same for 2 months
(Baonghean.vn) - World gold prices increased due to socio-economic fluctuations; world crude oil suddenly plummeted; domestic construction steel "stood still" for 2 months; coffee prices tended to increase, these are the market news on November 5.
World gold price goes up
At the time of survey at 5:30 a.m. on November 5, 2023,gold price9999 is listed by companies today at 68.80 million VND/tael for buying and 70.15 million VND/tael for selling.
On the world market, recorded at 5:00 a.m. today, Vietnam time, spot gold was at 1,992.590 USD/ounce. Converted according to the current exchange rate at Vietcombank, world gold is priced at about 58.223 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 10.827 million VND/tael higher than the international gold price.
Gold is considered a safe haven asset during economic and social fluctuations. Gold prices rose after the US Bureau of Labor Statistics released data showing that the US job market contracted in October, specifically the number of new jobs created was only 150,000, lower than the forecast of 178,000.
Oil plunges unexpectedly
Gasoline pricesThe world market unexpectedly plunged at the end of the week after rising in the previous two sessions. Brent crude oil prices lost the $85 per barrel mark, while WTI crude oil prices fell to $80 per barrel.
Oil prices fell as supply concerns caused by tensions in the Middle East eased, while U.S. jobs data raised expectations the Federal Reserve may have finished raising interest rates.
In the domestic market, the selling prices of gasoline and oil today, November 4, are applied according to the prices at the afternoon management session on November 1 of the Ministry of Finance - Industry and Trade. Accordingly, gasoline prices are adjusted up while oil prices are reduced.
Specifically, the price of E5 gasoline increased to VND22,610 per liter. RON 95 gasoline increased to VND23,920 per liter. Meanwhile, the price of diesel oil decreased to VND21,940 per liter, and the retail price of kerosene decreased to VND22,300 per liter.
Domestic steel prices “stand still” for 2 months
Since the 19th price reduction on September 7, until nowsteel priceDomestic steel prices have not fluctuated. This is the longest recorded period of the year without fluctuations in domestic steel prices.
Accordingly,In the Central region, Hoa Phat steel, with CB240 coil steel line at 13,430 VND/kg - down 100 VND; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,840 VND/kg - down 200 VND; D10 CB300 ribbed steel is priced at 14,140 VND/kg.
VAS steel, currently D10 CB300 rebar is priced at 13,550 VND/kg; CB240 coil steel is priced at 13,400 VND/kg - down 100 VND.
Pomina steel, with CB240 coil steel line at 14,480 VND/kg - down 110 VND; D10 CB300 ribbed steel bar down 100 VND, priced at 14,380 VND/kg.
In the North and South, steel prices differ but not much.
Domestic coffee tends to increase
PricecoffeeDomestic coffee prices were updated at 4:40 a.m. on November 5, 2023, flat, stable and slightly increased, an increase of about 200 VND/kg. Currently, the average coffee price in the Central Highlands provinces is about 57,600 VND/kg, the highest purchase price is 57,900 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on November 5, 2023 was VND 58,000/kg; In Dak Nong province, coffee was purchased at VND 58,000/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 57,200 VND/kg.
Today's coffee price in Dak Lak province in Cu M'gar district is currently at 58,200 VND/kg. In Ea H'leo district, Buon Ho town is purchased at the same price of 58,300 VND/kg.
