Illustrative image (Photo: VNA)At 9:13 am in Hanoi, Doji Group listed eachtael of SJC gold at 74.4 – 75.4 million VND (buying – selling), adding 550,000 VND for buying and 500,000 VND for theselling side from a day before.
Meanwhile, Phu Quy Grouprated the precious metal at the same prices to Doji Group’s, up 550,000VND for both buying and selling compared to the previous day.
The prices of gold also went up in the global marketwhen the USD weakens and investors are waiting for the announcement of a seriesof new economic data later this week.
The upwardtrend in gold prices occurs as the US dollar index decreases by 0.4%, and theyield on 10-year US government bonds is near its lowest level since July 2022.
Bart Melek, Global Head of Commodity Strategy at TD Securities, has said thatinvestors have been strongly buying gold in anticipation of the Federal Reserve(FED)’s cutting interest rates before inflation reaches its target./.
VNA
