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, are the market information 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.
The world gold price today has the biggest drop in 6 weeks. According to Kitco, the world gold price recorded at 5:00 am today Vietnam time was at 1,938.385 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 56.127 million VND/tael.
Gold prices fell more than 1% in the last trading session of the week, marking the second consecutive weekly decline due to the decline in demand for safe havens. Overall, spot gold prices 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 up or down based on any data released to the market during this time. He also predicted that gold will have little momentum to move higher if there are no abnormalities in the reported data.
Crude oil prices rose 2% at the weekend
Oil pricesCrude oil prices rose about 2% on the world market at the end of the week as Iraq voiced support for OPEC+ oil cuts ahead of a meeting on November 26. Brent crude oil prices ended the week above $81 per barrel, while WTI crude oil prices exceeded $77 per barrel. However, for the week, both oil 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 session of the Ministry of Finance and Industry and Trade on November 1. Accordingly, gasoline prices are adjusted up while oil prices are reduced.
Specifically, the price of E5 gasoline increased to 22,610 VND per liter while the retail price of RON 95 gasoline increased to 23,920 VND per liter. In contrast, the price of diesel oil decreased to 21,940 VND per liter, while the retail price of kerosene decreased to 22,300 VND 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 pricesThe 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.
