World gold price drops sharply, crude oil increases at the end of the week
(Baonghean.vn) - World gold prices fell the most in 6 weeks; crude oil increased about 2% at the end of the week; domestic coffee prices decreased slightly, these are the market news on November 12.
World gold price drops the most in 6 weeks
At 5:00 a.m. on November 12, 2023,gold priceon the stock exchange of some domestic companieslisted at 69.30 million VND/tael for buying and 70.30 million VND/tael for selling.
World gold prices today fell the most in 6 weeks. According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 1,938.385 USD/ounce. Converted according to the current exchange rate at Vietcombank, world gold is priced at about 56.127 million VND/tael.
World gold prices fell more than 1% in the last trading session of the week, this level marked the second consecutive weekly decline due to the decline in safe-haven demand. Overall, the spot gold price fell 2.8% last week.
Traders will be looking at economic data and the Fed’s moves, said Daniel Ghali, commodity strategist at TD Securities. The precious metal will react to any data released during this time frame, up or down. He also predicted that gold will have little momentum to move higher if there are no unusual data reports.
Crude oil prices rose 2% at the end of the week
Oil priceCrude oil futures rose about 2% on the weekend as Iraq voiced support for OPEC+ oil cuts ahead of a meeting on November 26. Brent crude ended the week above $81 a barrel, while WTI crude surpassed $77 a barrel. But for the week, both benchmarks fell about 4%.
In the domestic market, the retail prices of gasoline and oil today, November 12, are applied according to the prices at the afternoon management session of November 1 by the Ministry of Finance and the Ministry of Industry and Trade. Accordingly, gasoline prices are adjusted up while oil prices are reduced.
Specifically, the price of E5 gasoline increased to VND22,610 per liter while the retail price of RON 95 gasoline increased to VND23,920 per liter. In contrast, the price of diesel oil decreased to VND21,940 per liter, while the retail price of kerosene decreased to VND22,300 per liter.
Domestic coffee price decreased by 200 VND/kg
Domestic coffee prices updated at 4:54 a.m. on November 12, 2023 continued to decrease, a decrease of 200 VND/kg. Currentlycoffee priceThe average price in the Central Highlands provinces is about 58,200 VND/kg, the highest purchase price is 58,300 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on November 12, 2023 was VND 58,200/kg; In Dak Nong province, coffee was purchased at VND 58,200/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 57,600 VND/kg.
Coffee price today in Dak Lak province today in Cu M'gar district coffee price is currently at 58,200 VND/kg.
