Gold forecast to surpass new peak; Oil prices continue to increase
(Baonghean.vn) - Gold is forecast to surpass a new peak; USD exchange rate slightly increases; World oil prices continue to increase; Domestic coffee reaches a record high... are market information updated on the morning of April 8.
Gold forecast to surpass peak in new week
SJC gold price increased to 82 million VND/tael in the afternoon selling price, world gold price is forecasted to continue to increase very strongly, surpassing the peak again in the new week.
Survey at 5:00 a.m. on April 8, 2024,gold priceToday on the stock exchange of some companies as follows:
DOJI listed the price of 9999 gold at 79.00 million VND/tael for buying and 82.00 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 80.10 - 81.10 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 79.50 - 81.65 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,329.57 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 69.272 million VND/tael (excluding taxes and fees).
Economists described the latest nonfarm payrolls data as a “blockbuster report,” supporting bond yields and the greenback. Bond yields rose as markets continued to shift expectations that the Federal Reserve would begin its easing cycle.
In the above context, many experts and investors have unanimously given very optimistic assessments about precious metals next week.
USD exchange rate increased slightly
The central VND/USD exchange rate today, April 8, was announced by the State Bank to be adjusted to 24,038 VND/USD, an increase of 18 VND compared to the trading session on April 5.
Currently, the exchange rate allowed for transactions by commercial banks ranges from 23,400 - 25,171 VND/USD.US Dollar Exchange RateThe State Bank of Vietnam has also brought the buying and selling range from 23,400 to 25,171 VND/USD.
The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,750 and a selling price of 25,120, an increase of 10 VND compared to the trading session on April 5. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.
Gasoline prices continue to rise
In the world market,Gasoline priceToday 4/8 tends to go up following the increase from last week.
World oil prices last week recorded the second consecutive week of increase. Oil prices increased due to concerns about rising tensions in the Middle East and supply risks.
Oil prices rose nearly 1% in the first trading session of the week, supported by expectations of economic growth in the US and China, boosting demand. Tightening supplies from the Organization of the Petroleum Exporting Countries and its partners (OPEC+) and Russian refineries cutting capacity due to attacks also helped push oil prices higher.
Oil prices continued to rise in the final trading session of the week. Oil prices rose on concerns that the conflict between Israel and Iran could escalate, causing further supply tightening in the future. Brent crude oil prices officially surpassed the $91/barrel mark, reaching a high of more than 5 months.
Thus, with 5 consecutive sessions of increase, oil prices last week recorded a high weekly increase. Overall, last week, both Brent and WTI oil prices increased by 4%.
Closing last week, Brent oil price was fixed at 91.17 USD/barrel, WTI oil price ended the week at 86.91 USD/barrel.
Domestic coffee prices hit record high
Domestic coffee prices were updated at 5:10 a.m. on April 8, up 800 VND/kg, at a record high. Currently, the average purchase price in the Central Highlands provinces is 103,400 VND/kg, the highest purchase price in Dak Nong province is 103,500 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is at 103,300 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 103,500 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 103,000 VND/kg.
Coffee prices in Dak Lak province in Cu M'gar district are purchased at around 103,500 VND/kg, while in Ea H'leo district and Buon Ho town, coffee is purchased at the same price of 103,600 VND/kg.
