ANTD.VN - Domestic and world gold prices fluctuated little as the market was waiting for important US economic data, the jobs report, to get more clues about the Fed's monetary policy.
In yesterday's trading session, domestic SJC gold price decreased by about 200 - 300 thousand per tael.
Precious metals are trading mixed in early trading this morning.
Saigon Jewelry Company (SJC) is listing the price of SJC gold brand at 73.10 - 74.12 million VND/tael, an increase of 200 thousand VND/tael in buying price, but keeping the selling price unchanged compared to the previous session's close.
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Gold prices fluctuate slightly amid upcoming US employment data |
Meanwhile, DOJI Group listed the price at 73.00 - 74.10 million VND/tael, keeping the buying price unchanged but decreasing the selling price by 200,000 VND per tael compared to yesterday's closing price.
At Phu Quy, SJC gold brand increased 300 thousand VND/tael for buying, increased 50 thousand VND/tael for selling, to 73.00 - 74.05 million VND/tael; Bao Tin Minh Chau listed at 73.05 - 74.00 million VND/tael, unchanged compared to the previous session...
Non-SJC gold prices this morning also did not have significant fluctuations. PNJ kept the listed price unchanged from yesterday, at 61.00 - 62.10 million VND/tael; SJC 99.99 rings 61.00 - 62.05 million VND/tael; Bao Tin Minh Chau's Thang Long Dragon Gold 61.38 - 62.48 million VND/tael...
In the world market, gold prices are lying still waiting for employment data to be reported on Friday, tonight Vietnam time.
In the trading session on December 7, the price of spot gold in the US increased slightly by 3 USD per ounce to 2,028 USD/ounce. The market is witnessing price consolidation after big moves earlier this week while waiting for a key US data point on Friday morning.
The upcoming US November jobs report will give investors more clues about the Fed's upcoming interest rate chart, as the agency has always insisted its policy will be data-dependent.
Bullion has been on a strong buying spree recently as investors increasingly believe that the tightening period by major central banks is over and speculate that rate cuts could come sooner than expected.
The Fed is expected to keep interest rates unchanged at its monetary policy meeting next week, and markets are pricing in a 50% chance of rate cuts beginning in March next year.
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