Morning of June 8th: Gold and USD prices fall, oil rises.
Gold prices on the international market today, June 8th, rose rapidly before unexpectedly falling sharply. The USD also reversed course and started to decline. Meanwhile, world oil prices reversed course and rose due to concerns about supply risks.
At the close of trading on June 7th, the buying price of 9999 gold bars at SJC Ho Chi Minh City was 66.45 million VND per tael and the selling price was 67.05 million VND per tael. The listed price for 9999 gold bars at SJC Hanoi was 66.45 million VND per tael for buying and 67.07 million VND per tael for selling.
Doji Hanoi listed gold at 66.4 million VND per tael for buying and 67 million VND per tael for selling.
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| The US dollar reversed its upward trend and began to fall. Photo: Hoang Ha |
On the global market, the spot gold price on the night of June 7th (Vietnam time) was trading around $1,962 per ounce. Gold futures were trading at $1,979 per ounce.
International gold prices rose rapidly and then fell sharply in response to fluctuations in the US dollar and geopolitical uncertainties around the world.
Gold experienced periods of sharp increases amid the unpredictable developments in the Russia-Ukraine conflict following the collapse of the strategic Kakhovka hydroelectric dam on the Dnieper River in Kherson province, southern Ukraine, on June 6th. Geopolitical instability is often a factor driving up gold prices.
Abovestock marketOn June 7th, the VN-Index rose slightly. At the close of trading, the VN-Index increased by 1.23 points to 1,109.54 points. The HNX-Index increased by 1.61 points to 230.33 points. The UPCoM-Index increased by 0.13 points to 84.56 points.
Aboutdollar priceThe exchange rate of the Vietnamese Dong against the US Dollar, as listed by the State Bank of Vietnam on June 7th, was 23,713 VND per USD, a decrease of 7 VND compared to the previous day.
The reference exchange rate at the State Bank of Vietnam's Exchange Transaction Department on June 7th was 23,400 VND for buying and 24,848 VND for selling per US dollar. The USD price at commercial banks on June 7th was traded around 23,290 VND per USD for buying and 23,660 VND per USD for selling.
Globally, the US dollar reversed its upward trend and began to fall. The DXY index – which measures the strength of the USD against six major currencies – was at 103.77 points at 9:19 PM on June 7th (Vietnam time), down 0.34% from the previous session.
World gasoline and oil prices reversed course and rose today (June 8th) after falling for two consecutive sessions. Brent crude oil climbed to $77 per barrel.
Oil prices rose due to concerns about supply risks following the June 4 meeting of the Organization of Petroleum Exporting Countries and its allies (OPEC+).
In the domestic market, today's gasoline and diesel prices are based on the rates set in the June 1st price adjustment by the Ministry of Finance and the Ministry of Industry and Trade.
Specifically, the price of RON 95 gasoline increased to 22,010 VND per liter. The price of E5 RON 92 gasoline rose to 20,870 VND per liter. The price of diesel decreased to 17,940 VND per liter. The price of kerosene decreased to 17,770 VND per liter.
