Gold and greenback soar in the market
Gold and greenback soar in the market
Local and international gold prices soared on June 24 morning after partial results of a UK referendum, boosting the appetite for safe-haven assets.
The referendum results have put Britain on the brink of leaving the European Union
In the international market, gold jumped 4 percent to above $1,300 per ounce. Gold priced in sterling and euro hit the highest since April 2013 as investors dumped risky assets amid fears that Britain exiting the EU could tip Europe back into recession, piling more pressure on the global economy.
As a result, each tael of the Sai Gon Jewellery Joint Stock Company added VND1.3 million ()-VND1.6 () this morning to reach between VND35.2 million and VND35.5 million ($1,586). The highest rate recorded this morning was VND35.9 million, an increase of VND2 million compared with yesterday's rate.
Other gold companies, such as Bao Tin Minh Chau and DOJI, also raised their gold prices to around VND35.5 million per tael, some VND1.5 million higher than yesterday's rate.
On the same day, while the central bank reduced its reference rate for each US dollar by two dong to VND21,485, most commercial banks raised their US dollar exchange rate to between 30 and 40 dong this morning. The buy/sell rates of the greenback in Vietcombank were 22,330/22,370, 40 dong higher on both sides, respectively.
Rates in Vietinbank were VND22,330/22,375, in Techcombank were VND22,290/22,370, in BIDV were VND22,310/VND22,380, in ACB were VND22,280/22,380 and in Eximbank were VND22,290/22,370, respectively.
