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Gold and dollar escalate
The price of gold in Vietnam jumped to VND37.2 million a tael (1.2 ounces) on April 8 as global price advanced for three consecutive days.
Sacombank Jewelry Company bought the metal at VND37.1 million and sold at VND37.14 million as of 10:20 am local time.
Saigon Jewelry Company, the biggest gold shop in Vietnam, purchased gold at VND37.07 million and sold at VND37.15 million at the same time.
Meanwhile, Hanoi-based Phu Quy Jewelry bought SJC-brand gold at VND37.06 million and sold at VND37.19 million as of 10:45 am local time.
Bao Tin Minh Chau bought gold at VND37.05 million and sold at VND37.2 million.
Internationally, concerns over the European sovereign-debt, rising inflation, and quake in Japan fueled increasing momentum of gold prices.
Gold futures for June delivery rose as much as $0.8 an ounce, or 0.1 percent, to close at $1,459.3 an ounce on the Comex in New York. Earlier, the metal soared to an all-time high of $1,466.5 an ounce.
Gold for immediate delivery closed at $1,459 an ounce.
In Asia, the metal strongly shot up this morning. Spot gold was traded at $1,465.1 an ounce as of 10:45 am Vietnamese time.
Yesterday, the European Central Bank raised its benchmark interest rate the first time since 2008. However, investors were neglectful after earthquake hit Japan again.
Crude oil peaked a 30-month high. Crude oil futures for May settlement rose $1.19 a barrel to close at $110.01 a barrel, the highest level since September 22, 2008. Brent crude oil futures for May delivery surged to $122.67 a barrel, the highest level since August 4, 2008.
Domestically, the interbank US exchange rate rose by VND5 per dollar to an all-time high VND20,718,.
Vietcombank bought the greenback at VND20,920, and sold at VND20,925.
Hoang Nhan
sggp
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