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Gold price rises slightly this week

8h20, 29/6, SJC increased 34.45 million / tael, up $ 1181 world gold / oz.

Start session this week, gold this morning at the company HCMC Saigon VBDQ listed at 34.37 to 34.45 million / tael in Hanoi from 34.37 to 34.47 million / tael. This price increase to 20,000 dong / tael compared to the previous week closing.

Differences purchase price – selling in HCMC is 80,000 dong / tael in Hanoi is VND100,000 / tael.

On the world market, the price of gold in the Asian session is $ 1181 / oz, up 6 USD against closing last week. Vietnamese converted into cash at the rate 21 830 VND / USD, currently the world’s gold equivalent 31.06 million / tael lower than SJC 3.39 million / tael.

Anticipating the trend of gold prices this week, according to Kitco News survey, the retail investors are generally predict gold prices will continue to fall this week. Meanwhile, experts from the survey showed that there are more positive view on the gold price.

Specifically, among the 292 participants predict gold prices next week, 140 people predict gold prices continue to fall; 115 people optimistic about the price of gold and 37 who hold a neutral opinion. For 33 experts were contacted, there were 19 respondents, while 7 people optimistic about gold prices in the coming weeks; 6 experts predict gold prices will be lower and 6 experts hold neutral views.

Many reviews of the analysts also found that the gold market does not have many positive signals after the US economic data to be announced in the coming weeks. There are many views in favor of the Fed may raise interest rates in September, this increases the dollar index, gold price disadvantage.

Investors also awaited information on nonfarm payrolls in June in the US will be announced on Thursday, the day before Independence Day 6th US non-farm payrolls will be an important basis for the Fed make decisions about time to raise interest rates for the first time after one decade. /.


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