Opening the trading session this morning (August 14), SJC Jewelry Company Limited listed SJC gold price in HCMC market at VND 41.25 - VND 41.65 million / tael. Compared to the end of yesterday, the selling side was reduced by 550,000 dong / tael in the afternoon, and the afternoon of buying also dropped 600,000 dong.
Selling price in Hanoi market and some other cities such as Da Nang, Nha Trang, Hue ... still maintained higher than HCM City VND 20,000, currently at VND 41.67 million / tael.
At the same time, DOJI Jewelry Group also listed the selling price at VND41.77 million / tael, down VND 730,000 compared to the previous afternoon. The buying price here also decreased accordingly, currently at VND 41.32 million.
Similarly, in other big business enterprises such as Bao Tin Minh Chau, Phu Nhuan - PNJ Jewelry Joint Stock Company -1.26% or Phu Quy Jewelry and Jewelry Group ... all listed prices in the morning. now reduced by over 500,000 VND for every gold transaction.
Currently, PNJ is the company listing the buying and selling price of SJC gold which is the highest in the market, reaching VND 41.8 million / tael in the afternoon. The buying afternoon at this enterprise is also higher than the market average of about 100,000 dong, at 41.4 million dong / tael.
On the world market, after consecutive increasing sessions reached over 1,530 USD / ounce, the world gold price has turned down to 1,500 USD / ounce.
Converted to Vietnamese currency, each spot of gold on the world market is currently priced at 42.05 million dong, 200,000,000 to 200,000 dong / tael higher than the price offered by domestic enterprises.
Unlike previous continuous gains, world financial experts said that the gold market is being more careful with the growing tension in Hong Kong. Some analysts have also warned about the possibility of escalating this situation.
Specifically, tensions between Hong Kong and China could reach the hot spot after reports that China is moving its army near the border with Hong Kong.
The writer Anna Golubuva of Kitco news said that US President went to Twitter on Tuesday (yesterday) saying "Our intelligence has indicated that the Chinese Government is moving troops to the border with Hong Kong. Everyone should be calm and cautious. "
Earlier, there were reports of activists clashing with protesters at the Hong Kong International Airport after flights were interrupted for the second day in a row.
This news pushed the price of gold up in the afternoon after falling below the previous level of US $ 1,500 per ounce due to US trade tension.
However, many other experts believe that the reduction of world gold is to prepare for a new uptrend.
Accordingly, the financial markets currently very unpredictable after the Central Bank of China (PBOC) reduced rates renminbi (yuan) Session 9 th row, and version 4 consecutive down below 7 yuan exchange 1 USD .
Japan-Korea relations have also hit their lowest levels ever since the two sides have repeatedly removed from the "white list" of trade.
Currently, investors are watching the regular meeting of the Federal Reserve (Fed) next week and said there are about 74% of Feds will cut 0.25 basis points in the monthly meeting. 9.
These are the reasons that will directly affect the world gold price if announced in the coming time.
