The week-end, the world gold price closing at $ 1341.9 / ounce, equivalent 36.14 million / tael. Compared to late yesterday the world gold price increased by about 9 USD / ounce (242,000 dong / tael).
World gold prices have risen constantly over the past 10 days, from the lows $ 1,260 / oz on January 23-6, so far the world gold price has increased by 81 USD / ounce, or 2.18 million / tael. In the past week alone that gold increased by 24 USD / ounce (646,000 dong / tael). It was the unexpected rise of many.
Domestic gold prices today selling at 35.85 million / tael, an increase of 270,000 VND / tael compared to yesterday. However the difference between the purchase price - to sell up to 400,000 dong / tael and distance tend rising in recent days due to rising gold prices too hot so companies have to hedge gold.
Currently, the domestic gold price is lower than world price of VND 290,000 / tael for selling. Also in the afternoon to buy, the difference is 690,000 dong / tael. According to experts, the difference is quite attractive so the business world these days collect gold to boost exports. But in recent days the people selling gold seems standing still due to continuously rising price of gold.
Now the question is the price of gold rise or fall in the coming weeks. According to the online survey on Kitco, 65% of respondents predict gold prices will continue to rise. Meanwhile 21% predicted or gold fell, while the rest hold neutral views.
Many experts are inclined towards gold and the dollar remains at a high level within 1-2 months, then there will be a shift. If a stronger US economy, the Fed raised interest rates, the dollar will prevail, even if high-contrast gold anchor.
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