On the morning session on January 9, the price of SJC gold in Hanoi through the listing of some large gold enterprises was at 55.3 million dong / tael (bought in) - 56.1 million dong / tael (sold out) for retail and wholesale transactions.
These prices decreased sharply each way by 400,000 VND / tael and 250,000 VND / tael compared to the closing session yesterday.
In Ho Chi Minh City, the listed SJC gold price of the enterprise is at 55.3 million VND / tael - 56 million VND / tael, reducing each way 450,000 VND / tael and 350,000 VND / tael.
Closing yesterday, SJC gold price in Hanoi was listed at 55.7 million VND / tael - 56.35 million VND / tael; SJC gold price in HCMC is pegged at 55.75 million dong / tael - 56.35 million dong / tael.
Around the world, at the end of the weekend session, the spot gold price in Asia through the Kitco.com listing was at 1,850 USD / ounce. Spot gold price closed session in the US decreased 4.5 USD, down 1,913.8 USD / ounce. Gold futures for delivery in February on the Comex New York floor fell 1.5 USD, down to 1,912.1 USD / ounce.
With the current price, the gold price has erased the shocking results of recent sessions.
The US stock market continuously peaked after the US Congress confirmed Joe Biden’s victory in the 2020 US presidential election and the increase in US government bond interest rates have caused gold prices to plunge unceasingly. . On the market there appeared signs of panic when a large number of speculators scrambled to sell goods to curb losses.
In addition, one of the reasons why gold prices simultaneously freefall was partly influenced by the rising riots in the US. At the time of the riot, Bitcoin rose to a record high and investors rushed to sell gold to take profits waiting for the results of the US election.
Bob Haberkorn, strategist at RJO Futures, said that the rise in US government bond yields has boosted selling in the gold market. The strength of the dollar also weighs on gold prices.
Meanwhile, the epidemic situation in the US is increasingly complicated. According to data from Johns Hopkins University, the United States set another "sad record" for the number of deaths caused by Covid-19 for the most in a day on January 6, with 3,865 people.
To date, a total of more than 361,000 Americans have died from Covid-19. The skyrocketing death toll is associated with new infections and increased hospitalizations.
More than 132,000 Americans are hospitalized with Covid-19 treatment every day and also a new record. Nationwide, the country currently has an average of more than 200,000 new cases per day.
