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Domestic gold price on the morning of December 27 was trading around 79.5 million VND/tael.
Specifically, at 9:10 a.m., in Hanoi market, DOJI Gold and Gemstone Group listed SJC gold price at 78.1 - 79.7 million VND/tael (buy - sell), an increase of 900,000 VND/tael in both buying and selling prices and an increase of 200,000 VND/tael in selling prices compared to the closing price yesterday.
Similarly, Phu Quy Jewelry Group listed the price of SJC gold at 77.7 - 79.4 million VND/tael (buy - sell), an increase of 400,000 VND/tael for buying and an increase of 200,000 VND/tael for selling compared to the closing price yesterday.
Saigon Jewelry Company listed the price of SJC gold at 77.8 - 79.52 million VND/tael, an increase of 400,000 VND/tael for buying and 300,000 VND/tael for selling compared to yesterday's closing price.
Meanwhile, on the New York Mercantile Exchange, world gold prices increased in the trading session on December 26, as the USD weakened. Closing this session, the price of gold for February 2024 delivery increased by 0.7 USD, or 0.03%, to 2,069.80 USD/ounce.
Gold prices have broken out of the $2,000-$2,050 an ounce range that has been in place for much of this month. The Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) index, came in lower than expected in November, fueling speculation that the Fed will start cutting interest rates in March 2024.
However, limiting the gold price's gains somewhat in this session was data showing that home prices in 20 major US cities rose 4.9% in the 12 months through October, the ninth consecutive month of price increases, with a record high.
According to VNA