Gold continues to move sideways; Japanese Yen falls sharply

Gold prices continue to move sideways

Gold priceDomestic gold prices remained unchanged for three consecutive days, while world gold prices closed the week at $2,044/ounce.

At the time of survey at 5:00 a.m. on January 7, the gold price on the trading floors of some companies was as follows: The price of 9999 gold was listed by DOJI at 72.00 million VND/tael for buying and 75.00 million VND/tael for selling.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 72.50 - 74.00 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 72.30 - 74.80 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 72.00 - 75.20 million VND/tael (buy - sell).

Markets remain in a tug-of-war as investors try to predict the next move by the US Federal Reserve, with markets currently pricing in a 68% chance of a first rate cut at its March monetary policy meeting, according to some analysts.

RatioThe price of the Japanese Yen continues to fall sharply.

According to a survey by Industry and Trade Newspaper,Japanese Yen exchange rateToday, Sacombank has the highest buying rate of Japanese Yen and Eximbank has the lowest selling rate among banks.

Survey on the morning of January 7 at banks, specifically as follows:

At Vietcombank,Vietcombank Japanese Yen exchange rate has buying rate of 163.19 VND/JPY and selling rate of 172.74 VND/JPY, down 1.74 VND on buying and down 1.85 VND on selling.

At Vietinbank, the Yen exchange rate decreased by 1.15 VND in both buying and selling directions, equivalent to 163.52 VND/JPY and 173.22 VND/JPY.

At BIDV Bank, the Japanese Yen exchange rate decreased by 2.18 VND in buying and 2.27 VND in selling, reaching 163.73 VND/JPY and 172.35 VND/JPY, respectively.

At Agribank, the Japanese Yen exchange rate for buying and selling is 165.10 VND/JPY and 170.28 VND/JPY - down 2.15 VND for buying and down 2.26 VND for selling.

At Eximbank, the buying price decreased by 1.8 VND and the selling price decreased by 1.84 VND, respectively at 165.36 VND/JPY and 170.11 VND/JPY.

At Techcombank, the Japanese Yen exchange rate decreased by 1.32 VND in buying and decreased by 1.38 VND in selling with prices of 161.24 VND/JPY and 172.22 VND/JPY, respectively.

At Sacombank, the Japanese Yen exchange rate decreased by 1.24 VND in buying and selling prices, respectively at 165.49 VND/JPY and 172.04 VND/JPY.

Oil rises, USD recovers

The world USD price tends to increase. The DXY index - measuring the strength of the USD compared to 6 major currencies - ended the week at 102.44 points, up 0.01% compared to the previous session.

World oil prices ended the last trading session of the first week of 2024 up more than 1 USD.

Oil prices rose after minutes of the US Federal Reserve meeting showed inflation was under control. In addition, oil prices were also supported by information that US Secretary of State Antony Blinken is preparing to visit the Middle East in an effort to try to contain tensions in the region.

In the domestic market, the selling prices of gasoline and oil today, January 7, are applied according to the prices at the management session on the afternoon of January 4 of the Ministry of Finance - Industry and Trade.

Domestic coffee continues to increase

Coffee pricesDomestic coffee prices updated at 5:00 a.m. on January 7 continued to increase during the weekend session. Currently, the average coffee price in the Central Highlands provinces is about 67,900 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 68,200 VND/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is quite high at 68,000 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 68,200 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 67,300 VND/kg.

Coffee prices in Dak Lak province today are the highest; in Cu M'gar district, coffee is purchased at 68,200 VND/kg, and in Ea H'leo district and Buon Ho town, it is purchased at the same price of 68,300 VND/kg.

Pig prices remain quiet

Pig price today, January 7, is quiet on the weekend and recorded an average of around 50,000 VND/kg.

In the Northern region, the price of live pigs fluctuates between 50,000 - 52,000 VND/kg.

In the Central Highlands region, pig prices did not record any new fluctuations and fluctuated between 48,000 - 50,000 VND/kg.

In the Southern region, pork prices remained stable across the board and fluctuated between 49,000 - 52,000 VND/kg./.