On the morning of September 6, the price of SJC gold bars at Saigon Jewelry Company – SJC remained unchanged at 78.5 million VND/tael for buying and 80.5 million VND for selling. Meanwhile, the world gold price at the beginning of the day increased sharply to 2,515.8 USD/ounce, 17.8 USD higher than yesterday. Converted equivalently according to Vietcombank exchange rate, the world gold price is 75.5 million VND/tael (excluding taxes and fees). Currently, each tael of gold bar is 5 million VND higher than the world price.
SJC gold bars on the morning of September 6 are 5 million VND higher than the world price
In particular, the 4-number-9 gold ring at SJC increased by 00,000 VND, bringing the buying price to 77.3 million VND and the selling price to 78.6 million VND; PNJ Company increased by 50,000 VND, bringing the buying price to 77.4 million VND and the selling price to 78.6 million VND…
World gold prices soared after the ADP employment report released yesterday showed weak growth in private sector jobs. Specifically, the report showed that US businesses hired only 99,000 more workers in August, lower than the 111,000 in July and the 140,000 forecast by experts. At the same time, this is also the lowest increase since 2021. However, on the contrary, the number of initial unemployment claims for the week ending September 5 was 227,000, down 5,000 compared to the adjusted results of the previous week.
Investors’ attention is now turning to the official jobs report due out today. If the August unemployment rate matches July’s 4.3%, the highest since 2021, that would send gold prices back to record highs as the market increasingly expects a sharp interest rate cut from the US Federal Reserve (Fed), said Han Tan, chief market analyst at Exinity Group, CNBC reported.