Gold price today October 18: Will increase, according to forecasts of investors
VietReader 18-10-2020, 23:39

Gold price today October 18: Will increase, according to forecasts of investors

SJC gold price is expected to go up in the next few days (Photo: Thy Tho)

Closing the trading week October 18, the world gold price was approximately 1,900 USD / ounce, a decrease of 22 USD / ounce (equivalent to a reduction of about 500,000 VND / tael) compared to the end of last week. Precious metals did not surpass the psychological resistance of 1,900 USD / ounce.

However, in the survey of website kitco.com, most Wall Street analysts and retail investment traders in Main Street are expecting gold prices to go up next week. Specifically, kitco.com’s online survey had 1,076 participants, of which 616 people expected the price of gold to go up, 225 people believed that the price of gold would go down, the remaining 235 people forecasted the price of gold will go up or down significantly

According to analysts, despite the more optimistic sentiment, in the past week, gold prices are still stuck at 1,900 USD / ounce and the question of whether precious metals will surpass this level next week? Some other opinions believe that gold prices are having temporary corrections before rebounding, reinforcing the upward trend of this safe haven channel in the future.

Thus, if the world gold price goes up in the next few days, the price of SJC gold may flourish. Currently, the world gold price converted at the listed exchange rate is about 53.3 million VND / tael.

At the end of the week, commercial banks stopped trading, SJC gold price was listed by a number of businesses in a narrow band, less volatility compared to yesterday.

At 10:30 a.m., the price of SJC gold in Ho Chi Minh City was bought by a number of listed companies at 55.82 million dong / tael, and sold at 56.27 million dong / tael, almost unchanged from the price at the end of yesterday. .

Meanwhile, the USD price at banks closed the week around 23,070 dong / buying USD, 23,280 dong / USD sold out, unchanged from the previous week.

Thy Tho

Source: nld.com.vn – Translated by fintel.vn