Oil prices continue to decline; Gold will continue to adjust, is it a "golden" time to buy?

Gold will continue to adjust, is it a "golden" time to buy?

Gold price today June 26, domestic gold price is stable at the end of the week, with SJC gold price currently at 67.10 million VND/tael (selling). Meanwhile, world gold is currently at 1921 USD.

At the time of survey at 5:00 a.m. on June 26, on the trading floor of Saigon Jewelry Company SJC, SJC gold was 66.50 million VND/tael for buying and 67.10 million VND/tael for selling.

At Phu Quy Jewelry Company, at the time of survey, the listed price of SJC gold was at 66.50 - 67.10 million VND/tael (buy - sell).

DOJI listed the price of 9999 gold at 66.40 million VND/tael for buying and 67.00 million VND/tael for selling.

Vietinbank Gold price is listed at 66.45 million VND/tael for buying and 67.07 million VND/tael for selling.

The price of SJC gold at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 66.47 - 66.98 million VND/tael (buy - sell). The price of 24K Rong Thang Long gold of Bao Tin Minh Chau is listed at 55.57 - 56.42 million VND/tael.

Gasoline prices continue to decline

Oil prices today, June 26, on the world market continued the downward trend of last week. Last week, both benchmarks, Brent and WTI, fell more than 3.5%, reversing the previous week's upward effort.

In the domestic market, the selling prices of gasoline and oil today are applied according to the prices at the management session on the afternoon of June 21 of the Ministry of Finance - Industry and Trade. Accordingly, gasoline prices are adjusted to remain unchanged, while oil prices increase slightly.

Specifically, the price of RON 95 gasoline is 22,010 VND/liter. The price of E5 RON 92 gasoline is 20,870 VND/liter. The price of diesel oil increased to 18,170 VND/liter. The price of kerosene is 17,956 VND/liter.

In the world market, gasoline prices today (June 26) continued the downward trend of last week.

Last week, world oil prices recorded a weekly decrease after increasing the previous week. In the 5 trading sessions of the week, oil prices increased in 1 session and decreased in 4 sessions.

Thus, world oil prices last week experienced a week of decline, reversing the previous week's upward effort. Overall, last week, both benchmark oil products fell more than 3.5%.

Data from Oilprice shows that at the end of last week, Brent oil price was trading at 73.85 USD/barrel, while WTI oil price was at 69.16 USD/barrel.

After reaching the peak, coffee prices "plummeted"

Today's coffee prices in the domestic market remain high at around 65,000 VND/kg, while world coffee prices have fallen sharply, especially Arabica coffee.

Coffee prices in both the domestic and international markets last week showed a downward trend. After reaching a peak of over VND67,000/kg in the middle of last week (June 21), domestic coffee prices turned around and continuously decreased slightly. By the end of the week, coffee prices had decreased by nearly VND2,000/kg compared to the peak of VND67,200/kg.

Today's coffee prices in the domestic market range from 64,700 - 65,300 VND/kg. Specifically, coffee prices in Lam Dong province are generally at 64,700 VND/kg; coffee prices in Gia Lai province range from 64,800 - 65,000 VND/kg; coffee prices in Dak Lak province are around 65,100 VND/kg; coffee prices in Dak Nong province are highest at 65,300 VND/kg.

Coffee trading on the New York (USA) and London (UK) exchanges recorded red as coffee prices continuously decreased, especially Arabica coffee.

In the last trading session of the week (June 24), Robusta coffee prices decreased by about 80 USD/ton. In particular, Arabica coffee prices on the New York floor (USA) decreased by about 16 cents/lb (equivalent to a decrease of 8%) for the trading period of September 2023.

Robusta coffee prices on the London floor in the most recent trading session before the opening on June 26 ranged from 2,532 to 2,738 USD/ton. Of which, the futures price for delivery in July 2023 reached 2,738 USD/ton. The remaining coffee delivery terms matched prices at 2,676 USD/ton for delivery in September 2023; 2,607 USD/ton for delivery in November 2023 and 2,532 USD/ton for delivery in January 2023.

On the New York Stock Exchange (USA), Arabica coffee orders for July 2023 have been closed and will be delivered this weekend; orders for May 2024 are open. The price of Arabica coffee on the New York Stock Exchange in the most recent trading session reached 164.85 cents/lb for the September 2023 coffee delivery period. The remaining coffee delivery periods are respectively priced at 163.85 cents/lb for December 2023 coffee delivery; 164.25 cents/lb for March 2024 coffee delivery and 165.2 cents/lb for May 2024 delivery.

Pepper price today June 26: Highest 72,000 VND/kg

Pepper prices today, June 26, in the domestic market remain stable. Currently, the highest domestic pepper price is at 72,000 VND/kg.

Accordingly, in the Central Highlands, pepper prices fluctuate around 69,000 - 70,000 VND/kg. Specifically, in Gia Lai, the price of Chu Se pepper (Gia Lai) on June 25 was being purchased by traders at 69,000 VND/kg. In Dak Lak and Dak Nong provinces, pepper prices remained around 70,000 VND/kg.

Similarly, in the Southeast region, pepper prices today are also unchanged compared to yesterday. Accordingly, pepper prices today in Binh Phuoc are being purchased by traders at 71,000 VND/kg, in Dong Nai and Ba Ria Vung Tau, pepper prices remain stable at 70,500 VND/kg and 72,000 VND/kg.

Thus, pepper prices today continue to move sideways. The domestic pepper market is gloomy.

In the world market, at the end of yesterday's trading session, the International Pepper Community (IPC) listed a decrease in prices for Indonesian pepper. Accordingly, the price of Lampung black pepper (Indonesia) closed at 3,735 USD/ton, down 0.54%; The price of Muntok white pepper was 6,168 USD/ton, down 0.54%.

For the remaining countries, prices remained stable. Vietnamese black pepper prices were traded at 3,500 USD/ton for 500 g/l, 3,600 USD/ton for 550 g/l; white pepper prices were at 5,000 USD/ton.

The economic recession continues to weigh heavily on the world’s leading pepper importing countries, with the US and EU markets slowing down noticeably.

Explaining the reason for the decline in pepper exports to the US and EU markets, Ms. Hoang Thi Lien - President of the Vietnam Pepper Association said that buyers in this region are waiting for new crops from Indonesia (July-August) and Brazil in the hope of lower prices. In addition, the amount of inventory from previous years is still making buyers from the EU and the US reluctant to enter the market in the past 5 months.