Gold price in the world today: In the night trading session on June 1, according to Vietnam time, the world gold price last night suddenly dropped sharply from the threshold of 1,910 USD to below the threshold of 1,895 USD/ounce and by the end of the session, it dropped sharply by 9.20 USD (0.48%) to 1,898.90 USD/ounce.
The reason for the weakening of the gold price is due to the strong fall of the dollar and the high price of crude oil, so investors are determined to invest in the precious metal market, including gold.
Although the price of gold dropped sharply, it is still at high levels. Last night, reports showed that gold exchange-traded funds (ETFs) kept pouring money, pushing up demand for the metal.
According to analysts, the world gold price still tends to go up and is at a 5-month peak as investors fear rising inflation.
Some experts believe that unexpected inflation will be a risk for investors, so it is necessary to prepare for a cyclical inflation shock. The inflation occurred due to the strong increase in demand after the pandemic, but the supply was tightened. Along with that, the world economy is still heavily affected by the Covid-19 epidemic.
Domestic gold price today: Before opening time, SJC gold price in Ho Chi Minh City market was listed at 56.95-57.65 million VND/tael (buy in – sell out). It can be seen that, compared to the same period of the previous session, gold price continued to increase strongly by 350,000 dong in the buying direction and sharply increasing by 250,000 dong in the selling direction.
Doji gold price in Hanoi market is also listed at 56.90-57.65 million dong/tael in both buying and selling directions. Compared to the previous session, the price of gold today increased by 350-400 thousand dong in the buying and selling direction, respectively.
Bao Tin Minh Chau’s Dragon Thang Long gold price also increased by 100 thousand dong in both directions to 53.61-54.61 million dong/tael.
The price of 9999 NPQ-branded gold so far has reached the 54 million dong mark after a slight increase of 50 thousand dong in buying and 100 thousand dong selling to 53.40-54.05 million dong per buy and sell volume. out…