Gold Price ⁤and Stock Market​ Updates

Gold Price‍ Increases Slightly

On September ⁢6, the​ world gold price experienced a slight increase.⁤ Meanwhile, domestic gold⁢ prices ​remained unchanged after a sharp ​drop on September 5.

The ⁢price of SJC gold ‍bars is currently being sold by Agribank, ​BIDV, Vietcombank, VietinBank, and ⁤gold and gemstone companies at 80.5 million VND/tael. ⁢On the ‍buying side, the gold price of⁢ these brands is listed at 78.5 million VND/tael.

Globally, gold prices are currently⁣ at $2,518 an ounce, ​up slightly from the previous session. According to‌ analysis on Kitco News,⁤ gold has held initial support above $2,500 an ounce and continues to​ consolidate⁣ near recent record highs.

Analysts’ Insights⁤ on‌ Gold Price

Callum​ Thomas, founder⁣ of Topdown Charts, stated⁣ that gold’s breakout this year after years of consolidation is a ⁢significant development. Gold ‌prices have risen more than 22%‍ this‍ year, with December gold futures⁢ last ⁤traded at $2,543​ an ⁢ounce.

Thomas ⁢explained that geopolitical uncertainty, rising‍ government debt, recession risks, and upcoming interest‍ rate cuts will continue to support gold prices. He also noted that the overall weakness in the US dollar‌ will continue⁢ to support gold prices.

VN-Index Recovers with Pillar Stocks

On September 6, the VN-Index ‍increased⁣ by 5.75 points to 1,273.96 points, thanks to the recovery of⁤ pillar ‌stocks. The matched order value on ​the HoSE floor reached more than 12,216.78 billion VND.

Foreign investors net bought more than 230‌ billion VND, with ⁤FPT shares being bought the most (200 billion VND), followed by CTG (103 billion VND), and VNM (83 billion VND).

The ​VN30 group closed with 22 stocks increasing, 2 stocks remaining ‍unchanged, and 6 stocks decreasing. Notable gainers included⁤ MSN, ⁤VRE, PLX, GVR, ‌CTG, and ​HPG.

Industry Group Performance

Steel stocks ​closed in the green, ​with HPG up ‍1.4%, HSG up ‍0.25%, NKG up 0.72%, SMC up ​0.98%, and VCA up‍ 0.35%. On the contrary, DTL decreased 1.57%,⁣ HMC decreased 0.43%,⁢ and TLH decreased 0.18%.

Securities stocks traded differently, with some‌ increasing and others decreasing. Banking​ stocks traded positively, with most​ codes‌ increasing.⁢ Real​ estate stocks were⁢ dominated by red,⁤ with‌ some⁣ exceptions such as QCG and SGR, which increased‌ by ceiling price.

Market Liquidity and ‍Performance

The Vietnamese stock market index increased sharply towards the‍ end of⁢ the session, with⁢ the VNXALL-Index closing up 8.23⁣ points ​(+0.40%) to 2,083.10 points. Liquidity in the whole market reached ⁤613.13 million⁣ units, equivalent to a trading value of 15,777.85 ⁤billion VND.

The HNX-Index closed‌ at 234.65 ‌points, ⁢down 0.31 ‍points⁢ (-0.13%).‍ The UPCoM Index decreased, closing at 93.37 points, ‍down 0.10 points (-0.21%).