Gold price today August 11: Plunging from record peak

Domestic gold fell from a record high as global precious metals plunged.

Saigon Jewelry Company - SJC reduced the price of gold bars by 500,000 VND per tael after reaching the highest peak in April, the buying price was 122.7 million VND, the selling price was 123.9 million VND. Mi Hong Company reduced the buying price by 200,000 VND to 123.4 million VND, keeping the selling price unchanged at 124.4 million VND. Doji Group also reduced the buying price by 500,000 VND per tael, buying at 122.7 million VND, selling at 123.9 million VND. Phu Quy Company reduced the buying price by 300,000 VND to 121.9 million VND, selling at 500,000 VND, to 123.9 million VND... The current buying price of gold is still high. The difference between the buying and selling price of gold has narrowed to 1.2 million VND/tael.

Gold rings also decreased from 300,000 - 500,000 VND per tael, SJC Company bought 116.9 million VND, sold 119.5 million VND; Phu Quy Company bought 116.7 million VND, sold 119.7 million VND; Doji Group bought 117 million VND, sold 119.5 million VND...

SJC gold bars fall from peak. PHOTO: NGOC THACH

The world gold price also fell sharply by 22 USD, down to 3,375 USD/ounce. The reason for this decrease was due to high profit-taking pressure, the precious metal lost nearly 0.7% in just one session. This week, the market will be affected by important measures on inflation and consumer health. Traders will pay attention to the US CPI report for July, which is expected to show core inflation rising from 0.2% in June to 0.3%. Core inflation is expected to increase by 0.2% after remaining unchanged in June, as well as the report on weekly unemployment claims.

The week concludes with the University of Michigan's August consumer sentiment data, which will give the market an idea of ​​what consumers expect going forward. In addition, July retail sales are expected to fall from 0.6% to 0.5%, while core retail sales are expected to fall from 0.6% in June to 0.3%... These are factors that will impact gold prices./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-1182025-lao-doc-khong-phanh-tu-dinh-ki-luc-185250811085230033.htm

Source: https://baolongan.vn/gia-vang-hom-nay-11-8-lao-doc-khong-branh-tu-dinh-ki-luc-a200445.html