However, concerns about the rapid spread of an acute respiratory infection caused by the new strain of the Corona virus in China as well as its economic impact still support the price of gold.

At 14:51 in Vietnam time, spot gold price decreased by 0.2% to 1,572.87 USD / ounce, after increasing to the "peak" level since the 8th of January was 1,591.46 USD / ounce during the session. before. US gold price delivered in the period decreased 0.3% to 1,577.2 USD / ounce.

Ajay Kedia, director of Kedia Advisory in Mumbai, said profit-taking was the main factor driving gold prices down this session, when other factors were taken into account. According to Ajay Kedia, global stock markets have started to move in a positive direction, since the gold market has adjusted and this could once again drag the price of gold down to $ 1,545-1,550 / ounce.

Another factor that pushed the price of gold down was that the US dollar stood still against a basket of other major currencies, after an increase of 0.4% in the previous session.

Analyst Warren Patterson at ING said the impact of the acute respiratory infection epidemic due to the new strain of the Corona virus will continue to support the price of gold, and that the precious metal price will be supported until the impact. of the disease on the Chinese economy and the global economy became clear.

This session, palladium prices increased 2.4% to $ 2,375.97 / ounce. Silver price increased by 0.6% to USD 17.75 / ounce while platinum price increased by 0.8% to USD 974.32 / ounce.

At the domestic market, at 16:19 minutes, Saigon Jewelry Company listed the price of SJC gold in Hanoi market at 43.55-43.97 million VND / tael (buy - sell). )