Morning of June 8: Gold and USD prices decrease, oil goes up
Gold prices today, June 8, on the international market increased rapidly and then suddenly decreased sharply. The USD price also turned to decrease. Meanwhile, world oil prices reversed and increased due to concerns about supply risks.
At the end of the trading session on June 7, the buying price of 4-digit 9 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 buying price of 4-digit 9 gold bars at SJC Hanoi was listed at 66.45 million VND per tael and the selling price was 67.07 million VND.
Doji Hanoi listed at 66.4 million VND/tael for buying and 67 million VND/tael for selling.
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| USD price turns to decrease. Photo: Hoang Ha |
On the world market, the spot gold price on the night of June 7, Vietnam time, was trading around 1,962 USD per ounce. The futures gold price was trading at 1,979 USD per ounce.
International gold prices increased rapidly and then decreased sharply following fluctuations in the USD and geopolitical instability in the world.
Gold has had times of strong increases in the context of the unpredictable Russia-Ukraine conflict after the collapse of the strategic Kakhovka hydroelectric dam on the Dnieper River in Kherson province, southern Ukraine on June 6. Geopolitical instability is often a factor that pushes gold prices up.
Abovestock market, in the trading session on June 7, VN-Index increased slightly. At the end of the trading session, VN-Index increased by 1.23 points, to 1,109.54 points. HNX-Index increased by 1.61 points, to 230.33 points. UPCoM-Index increased by 0.13 points, to 84.56 points.
AboutDollar price, the exchange rate of Vietnamese Dong against the US Dollar was listed by the State Bank on June 7 at 23,713 VND per USD, down 7 VND compared to the previous day.
The reference exchange rate at the State Bank of Vietnam on June 7 was 23,400 VND for buying and 24,848 VND for selling per USD. The USD price at commercial banks on June 7 was traded around 23,290 VND for buying and 23,660 VND for selling.
In the world, the price of the US dollar turned to decrease. The DXY index - measuring the strength of the USD compared to 6 major currencies - at 9:19 p.m. on June 7, Vietnam time was at 103.77 points, down 0.34% compared to the previous session.
World oil and gas prices today (June 8) reversed to increase after decreasing for 2 consecutive sessions. Brent oil price climbed to 77 USD/barrel.
Oil prices rose on supply concerns after a meeting on June 4 of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).
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 1 of the Ministry of Finance - Industry and Trade.
Specifically, the price of RON 95 gasoline increased to VND22,010 per liter. The price of E5 RON 92 gasoline increased to VND20,870 per liter. The price of diesel oil decreased to VND17,940 per liter. The price of kerosene decreased to VND17,770 per liter.
