Gold prices hit 4-month high – VnExpress International


By Dat Nguyen  &nbspJanuary 6, 2021 | 09:00 pm GMT+7
Gold prices hit 4-month high  Gold prices hit 4-month high - VnExpress International WEBmuavang16 1609916097 6069 1609917027

A person holds a tael of gold at a jewelry shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.


Vietnam’s gold prices hit a four-month high Wednesday aided by a weaker dollar, with investors expecting further stimuli in U.S. policies.

The state-owned Saigon Jewelry Company was selling its popular SJC gold at VND57.2 million ($2,484.62) per tael, up 0.17 percent from Tuesday. A tael equals 37.5 grams or 1.2 ounces.

The country’s largest jewelry company, DOJI, was also selling at the same price on Tuesday.

In the last three days, prices have increased by around 1.5 percent to their highest point since September 3 last year.

Global gold prices rose 0.1 percent to $1,950.46 per ounce after hitting a peak in almost two months earlier in the session as the U.S. dollar went to a low not seen in more than two years, according to Reuters’ data.

Other reports have said that investors are waiting for the outcome of the U.S. Senate runoff elections in Georgia, which will have a bearing on the fiscal policy adopted by President-elect Joe Biden’s administration.

“The underlying motivations in gold are unchanged, with lower interest rates, high inflation expectations, weaker dollar…, all these are supportive for gold in the near to long term,” said Howie Lee, an economist at OCBC Bank.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Gold prices hit 4-month high – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF