Gold is expected to continue to increase strongly in the new week; Gasoline and oil tend to decrease

Gold is expected to continue to increase strongly in the new week.

SJC gold is anchored at a high of 91.3 million VND/tael, world gold is expected to continue to increase strongly in the new week.

At the time of survey at 5:00 a.m. on May 13,gold priceon the trading floor of some companies as follows:

DOJI listed the price of 9999 gold at 87.70 million VND/tael for buying and 89.20 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 86.80 - 89.30 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 87.80 - 90.10 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 86.00 - 90.30 million VND/tael (buy - sell).

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,360.22 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 71.327 million VND/tael (excluding taxes and fees).

Gold experts believe that gold is still receiving positive support in the coming time as more and more central banks show their willingness to lower interest rates, thanks to the above factors.

The latest Kitco News weekly gold survey shows that industry experts are bullish on the precious metal, with a majority of experts predicting that gold will rise next week.

USD exchange rate increased slightly

USD exchange rateToday, May 13, recorded a slight increase. The central VND/USD exchange rate today was announced by the State Bank to be adjusted to 24,271 VND/USD, an increase of 6 VND compared to the trading session on May 10.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,450 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,450 VND/USD.

Bank USD exchange rates, foreign exchange rates and domestic Dollar prices this morning recorded a series of upward adjustments at banks.

In the world market, the Dollar Index, which measures the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 105.31 points - up 0.08% compared to the transaction on May 10.

Gasoline price trend down

In the world market, gasoline prices today (May 13) tend to go down after being almost flat last week.

World oil prices fluctuated slightly last week as investors weighed the outlook for oil demand and supply risks in the Middle East.

Oil prices were affected last week by data signaling demand from the US and China; ceasefire talks between Hamas and Israel; and comments regarding the prospect of a US Federal Reserve interest rate cut.

Closing last week, Brent oil price was fixed at 82.79 USD/barrel, WTI oil price ended the week at 78.26 USD/barrel.

Coffee prices continue to rise

Coffee priceDomestic coffee prices were updated at 4:24 a.m. on May 13 as follows: Domestic coffee prices regained momentum, increasing by about VND 1,500/kg, to over VND 100,000/kg. Currently, the average purchase price in the Central Highlands provinces is VND 100,800/kg, the highest purchase price in Dak Nong and Dak Lak provinces is VND 101,000/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is at 100,500 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 101,000 VND/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 100,000 VND/kg.

Coffee prices in Dak Lak province are purchased at around 100,900 VND to 101,000 VND/kg./.