Although the same quality of 4 and 9 gold, the SJC gold bar has a higher price than jewelry by 9 million VND/tael.
SJC gold is 11.3 million dong/tael higher than the world. Ngoc Thang
SJC gold bar on December 8 increased by 50,000 - 100,000 VND per tael, Eximbank (HM: EIB) bought in to 60.7 million dong/tael, and sold out to 61.2 million dong/tael; Saigon Jewelry Company - SJC increased to 60.7 million dong/tael in the buying-in and sold-out at 61.4 million dong/tael…
Particularly gold jewelry of the same quality 4 and 9 as SJC gold bars. cheaper than 9 million dong each. SJC company bought gold rings, jewelry 4 and 9 for 51.65 million VND/tael, and sold 52.35 - 52.45 million VND/tael. SJC gold bar is still higher than international, narrowing the gap to 11.3 million dong/tael.
World gold price in the morning of 8.12 increased slightly by 2 USD/ounce, to 1,783 USD/ounce. Precious metals benefited from strong oil prices, but gains were limited by investors' risk aversion in the bull market.
Global stock markets rose, the Dow Jones index rose 492.4 points, or 1.4%, to 35,719.43 points; The S&P 500 rose 95.08 points, or 2.07%, to 4,686.75; Nasdaq rose 461.76 points, or 3.03%, to 15,686.92 points. Yields on 10-year US Treasuries are now up to 1.41%, holding back gold's upside momentum.
The worst fear of the Omicron variant has not come true yet. British pharmaceutical company GSK says the antibody-based Covid-19 treatment it is developing with Vir Biotechnology is effective against all Omicron mutations.
Moreover, leading US epidemiologist Anthony Fauci said that initial data shows that Omicron is highly contagious but appears to be less severe. The US and global economic growth projections will not be affected much by Omicron.
One news on the market that is attracting attention is the phone call between US President Joe Biden and Russian President Putin disagreeing over Ukraine when Russian troops are gathering near the Ukraine-Russia border.
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