Gold hits 3-week high; Coffee prices slightly down
(Baonghean.vn) - Gold increased to the highest level in the past 3 weeks; Crude oil in the world continued to increase, while coffee prices decreased slightly, 100 VND/kg, are the information on the commodity market on September 2.
Gold hits 3-week high
Closing session 1/9,gold price9999 pieces at SJC Ho Chi Minh City are 67.55 million VND/tael (buy) and 68.25 million VND/tael (sell). SJC Hanoi is listed at 67.55 million VND/tael (buy) and 67.27 million VND/tael (sell).
Doji Hanoi listed at 67.6 million VND/tael (buy) and 68.3 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 67.5 million VND/tael and sold at 68.2 million VND/tael.
On the world market, the spot gold price on Kitco floor on September 1 (at 7:00 p.m., Vietnam time) was trading at 1,945 USD/ounce.
At the current price, the world gold price converted to VND (including tax and processing fee) the difference between the domestic SJC gold price is about 10.66 million VND/tael.
Thus, with this gold price is at the highest level in the past 3 weeks.
World crude oil continues to rise
Gasoline pricesToday, September 2, the world market continues to increase.
At 8:00 p.m. on September 1 (Vietnam time), Brent oil price reached 87.78 USD/barrel, up 0.95 USD, equivalent to 1.09% compared to the previous session. WTI oil price was at 84.64 USD/barrel, up 1.01 USD, equivalent to 1.21% compared to the previous session.
Oil prices continued to climb on concerns about tight supplies and rising demand, analysts said. Oil prices surged on speculation that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, will maintain a production cut agreement until the end of 2023.
Some information said that Russia is planning to extend the oil export production cut into October. Along with that, analysts predict that Saudi Arabia will extend its commitment to voluntarily cut production by 1 million barrels/day into October. This increases market concerns about shrinking supply.
In addition, U.S. crude inventories fell by 10.6 million barrels last week, driven by strong exports and refining demand. The decline was more than three times the 3.3 million barrel decline expected by analysts in a Reuters poll. The data showed strong U.S. oil demand, supporting oil prices.
The high price of crude oil will affect domestic gasoline prices in the upcoming adjustment period.
Coffee prices fell slightly
PricecoffeeDomestic coffee prices were updated at 4:00 a.m. on September 2, 2023 as follows: Domestic coffee prices all decreased by 100 VND/kg compared to yesterday's trading session, ranging from 65,700 - 66,400 VND/kg, the highest in Dak Nong province was 66,600 VND/kg.
Specifically, coffee prices in Gia Lai and Kon Tum provinces stood at 66,000 VND/kg. In Dak Nong province, the highest coffee purchase price was 66,600 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 65,700 VND/kg.
Coffee prices today in Dak Lak province are at 66,300 to 66,400 VND/kg (down 100 VND/kg).
