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Gold prices rebound
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NEW YORK - Gold is uptrend however much information analysts said this rally may not last long due to the price increase is mainly based on demand for gold hedging.
End of 2015 was low: $ 1,060 / ounce and many experts predict that 2016 will be a tragic year for gold, but only the first two trading days of the new year the world price of gold rose to 18 USD / ounce (equivalent to 488,000 VND / tael), up to $ 1078.2 / ounce.
Converted at the exchange rate at a bank, the world gold price is equivalent 29.29 million / tael.
Escalating tensions between Saudi Arabia and Iran and the less positive data from China's economy has pushed gold prices escalated.
Yesterday, the stock fell 7% and China to suspend transactions. Meanwhile, Saudi Arabia executed for a Shiite cleric has pushed relations between Saudi Arabia and Iran to the worst level in decades.
Gold is being uptrend however much information analysts said this rally may not last long due to the rising price of gold is mainly based on the demand for gold hedging may not last long. Meanwhile the US Federal Reserve (Fed) will continue to raise interest rates this year and the dollar this will put pressure on the gold price.
Domestically, SJC gold price at 32.92 million / tael, equivalent to the price closed yesterday celebrated. However the difference between the purchase price - selling is pushed further, to $ 280,000 / tael higher than 30,000 dong / tael compared with late Tuesday.
Compared with the world gold price converted, domestic prices are higher than 3.63 million / tael.
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18/8/2025
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