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Gold poises at VND33.1 million
The price of gold in Vietnam hovered around VND33.1 million a tael (1.2 ounces) on October 15, a decrease of VND50,000 a tael over the previous day, as global prices made correction this morning.
Most gold shops bought the metal at VND33 million and sold at VND33.1 million as of 9 am local time.
Vietnam biggest gold shop, Saigon Jewelry, purchased gold at VND33.05 million and sold at VND33.11 million.
Sacombank Jewelry bought gold at VND33.04 million and sold at VND33.08 million.
In Hanoi, Phu Quy Jewelry collected SJC-brand gold at VND33.03 million and sold at VND33.13 million.
Trading volume on bullion marker remained low.
The US dollar exchange rate against the Vietnamese dong on free market was stable as of the previous day.
Globally, gold for immediate delivery rose as much as $9.3 an ounce, or 0.7 percent, to close at $1,382.2 an ounce on the Comex in New York.
Earlier, the metal emerged to $1,387.5 an ounce on the trading session in London.
However, in Asia this morning, bullion declined due to profit-taking. Gold fell by $2 an ounce to $1,380 an ounce as of 9:23 am Vietnamese time.
Gold was rising firmly on the greenback’s depreciation. The euro exchange rate against the US dollar stood above $1.4 an ounce this morning from $1.41 the previous day.
The US Labor Department announced yesterday initial jobless claims for the week ended October 9 unexpectedly increased by 13,000 to 462,000 whereas an earlier forecast said that the number of unemployed people would reduce by 2,000.
SPDR Gold Trust, the world’s largest exchange traded fund backed by bullion, bought 19.1 metric tons yesterday, sending its holdings to 1,304.3 metric tons, the company’s website showed.
Crude oil futures for November delivery slid $0.32 a barrel to finish at $82.69 a barrel on the New York Mercantile Exchange.
This morning, crude oil faintly edged down to trade around $82.6 a barrel.
Thuy Doan
sggp
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