Gold pieces are pushed prices

Speculators and SJC gold anchor now at too high compared to the world price of gold at this time that buyers can damage experts nang.Theo gold, though demand for gold did not spike, but gold bars SJC is anchored at too high compared to world prices, showed signs of SJC gold price manipulation, pushing prices.

Last 8-12 days, the price of SJC gold was listed firms to buy 36.08 million / tael and sold 36.48 million / tael higher than the world price converted at the exchange rate listed about 4 , 3 million / tael.


 
Recorded at some gold companies these days, customers fairly large transactions, which are mainly small hotel SJC gold buying. A big part of them to buy gold according to rumors Bank of Vietnam (SBV) can change money though SBV leaders confirmed this information is false and warning people to be cautious in making decisions to purchase get away from risk.

Staff a major gold company in HCM City said some customers to buy about 20-30 companies asked after the withdrawal of savings from banks. Company Phu Nhuan Jewelry (PNJ), company representatives said from the beginning of December until now, transactions of customers increased by 25% compared to before, which mainly gold buyers part psychological. "The amount of transactions rose compared to the time before the phenomenon rather than queuing or rushing to buy gold as before. The supply of gold is not that scarce "- represents PNJ analysis. [Gold trading enterprises admit they are forced to raise the price difference up gold bars to minimize risks Photo: Jincheng

Gold trading businesses admit they had to raise the price difference up gold bars to minimize risks Photo: TONS THANHDu people are not queuing up to buy gold but much of SJC gold price remains anchored day pass high over the world . Notably, the gap at over 4 million between domestic prices and world applies only to SJC gold, and all kinds of jewelry, rings 999.9 slippery, raw gold ... only higher world about 1 million / tael.
 

 
Sales representatives Gold Jewelry Group Doji said the gap is mainly due to the circulation of gold bars in the market scarce, not abundant supply led to the business units listed price according to the actually incurred by their units. This may be the cause of rising domestic gold prices and higher gap with the world price.

According to the business of gold, gold prices rose sharply at times, many investors and businesses bought with gold prices also rose more psychological. To the present time, the price of gold around level of 36.5 million / tael makes people holding yellow heavy losses and do not want to sell. "The number of customers buying higher but restrictions forced sellers to keep prices high now and where gaps purchase price - selling for hedging. Because if we do not sell gold finish to balance the immediate acquisition will be heavy losses. Enterprises must also be about keeping his players for high prices is inevitable "- represents a large gold enterprises in Ho explained.

Leaders of the Foreign Exchange Management Department, the central bank also previously explained by businesses and people bought gold at high prices not want to sell gold, the price of gold in the country despite international gold prices fell but at a slower rate more and more in a narrow range, from $ 37 million / tael to 36.48 million / tael.

Though acknowledging the phenomenon and anchor prices SJC gold price at a high level, but represent some of the gold company warning people to be cautious this time buying and selling gold. Scheduled meeting of the US Federal Reserve System (Fed) took place on June 13, to 14-12, with the expected ability to raise interest rates and the dollar is very large price increases will put pressure on gold prices should the gold buyers this time may be at risk when the "buy high, sell low". According DOJI gold price fluctuations up and down only temporary, as investors are not enthusiastic about precious metals, combined with the impact of the central bank gold prices will definitely return to stability.

Phan Dung Khanh gold expert analysis in the context of the domestic gold market is being driven by psychological factors, this speculative, gold buyers should beware of unusual signs, gold prices fell more than a apart from the world. "Although the dollar price of freedom rising market but also can not be too large gap with the world price, suggesting SJC gold prices are being driven unusual" - he added.
 
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