Gold prices fell sharply at the beginning of the week

Opening this morning (October 15), domestic gold price lost 150,000 VND/tael compared to the closing price at the end of last week.

Specifically, at 8:09 a.m., the SJC gold price listed by Saigon Jewelry Company for trading in the Ho Chi Minh City market was at 47.15 - 47.35 million VND/tael (buy - sell).

In Hanoi, Doji Company listed SJC gold at the same time at 47.25 - 47.35 million VND/tael.

PNJ brand gold of Phu Nhuan Jewelry Company is at 46.88 - 47.25 million VND/tael (buy - sell).

Bao Tin Minh Chau's Thang Long Gold buys at 43.95 and sells at 44.3 million VND/tael.

On the world market, the spot gold price in Asia was at 1,743.21 USD/oz at 7:35 a.m., down 11 USD/oz compared to the closing price at the end of last week.

Gold prices have fallen sharply since the end of last week when figures showed a positive US economy. Spot gold in New York fell by 12.9 USD to 1,754.33 USD/oz at the end of the week. Gold for December delivery fell by 10.9 USD to 1,759.7 USD/oz.

Last week, spot gold prices fell 1.5%, and gold for December delivery on the Comex floor also fell 1.5% compared to the previous week.

Experts’ predictions for the gold price trend this week also showed some hesitation. According to Kitco, of the 21 respondents, 10 predicted an increase in prices and 9 predicted a decrease in prices. The remaining 2 said that gold would move sideways after a period of strong volatility.

According to (vov.vn) - LT