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Morning of January 11, gold and oil prices increased, USD decreased

TB (summary) January 11, 2024 06:34

Gold prices on the world market today are on the rise again. Gasoline prices are forecast to increase. Meanwhile, the international USD price tends to decrease.

Closing session 10/1,gold priceSJC 9999 pieces in Ho Chi Minh City are listed at 71.5 million VND/tael for buying and 74.5 million VND/tael for selling.

Meanwhile, the price of SJC 4-number 9 gold bars is listed in Hanoi at 71.5 million VND/tael for buying and 74.52 million VND/tael for selling.

The price of SJC gold bars traded at DOJI in Hanoi at the end of the session on January 10 was listed at 71.45 million VND/tael for buying and 74.45 million VND/tael for selling.

The international spot gold price on the Kitco floor at 9:13 p.m. on January 10, Vietnam time was at 2,028.4 USD per ounce. Meanwhile, the gold price for February 2024 delivery on the Comex New York floor was at 2,036 USD per ounce.

Gold prices today, January 11, on the world market are about to increase again when the USD returns to a downtrend after several sessions of recovery. Gold is still a popular asset in the context of global instability and possible return of inflation.

Abovestock market, at the end of the trading session on January 10, the VN-Index increased by 2.95 points, to 1,161.54 points. The HNX-Index decreased by 1.09 points, to 231.41 points. The UpCoM-Index decreased by 0.58 points, to 87.15 points.

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International USD price goes down (Photo: The New Republic)

The central exchange rate between the Vietnamese Dong and the US dollar announced by the State Bank on January 10 was 23,928 VND/USD, down 3 VND compared to the previous session. The USD price at commercial banks on January 10 increased slightly, closing the session listed around 24,185-24,555 VND/USD (buy - sell).

Meanwhile,USD priceThe world is going down. The DXY index - measuring the strength of the USD against 6 major currencies - at 9:05 p.m. on January 10, Vietnam time was at 102.5 points, down 0.06% compared to the previous session.

Gasoline pricesToday, January 11, the world market tends to go up following the increase from the previous 2 sessions.

Oil prices continued to rise after a report showed a larger-than-expected decline in U.S. crude inventories, boosting confidence in improving demand. Concerns about supply shortages in Libya and continued tensions in the Middle East also supported prices.

In the domestic market, retail prices of gasoline products this afternoon will be applied according to the new price level.

Leaders of some petroleum companies said that domestic petroleum prices in today's adjustment period are likely to increase following the trend of world petroleum prices.

TB (summary)
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Morning of January 11, gold and oil prices increased, USD decreased