Gold price in the world market increased by more than 2% in the last session as the USD turned to decline after the monthly employment data The week in the US fell.
Accordingly, closing the session on September 30, US time at dawn on October 1, Vietnam time, spot gold price increased by 1.7% up. 1,755.56 USD/ounce. During the session, the price jumped 2.3% or 40 USD (equivalent to more than 1.1 million VND/tael) to nearly 1,763 USD – the highest in a week. Gold futures for December 2021 on Comex also gained 2% to end the session at $1,757.
At 7:30 am on October 1, spot gold price adjusted slightly and is currently trading. around $1,754/ounce, $20/ounce higher than this time yesterday morning.
Data just released on September 30 shows the number of Americans New jobless claims filings rose last week, which could raise concerns that the US labor market is weakening.
Independent consultant Robin “This also leads to uncertainty about the Fed cutting its economic support programs as they want a strong job market before announcing that cut,” Bhar said.
As long as there is an expectation that the Fed is not in a hurry to reduce economic stimulus programs, gold will still benefit.
“>Gold price movements in the past 24 hours (source: Kitco)
Minh Quan
By Business and Marketing
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