Opening this morning (November 30), the SJC gold price at Saigon Jewelry Company was listed at 36.33 - 36.49 million VND/tael (buy - sell), down 10,000 VND/tael compared to the previous session. session.
The difference between buying and selling prices remains at 160,000 VND/tael.
DOJI Group listed gold price this morning at 36.34 - 36.44 million VND/tael (buy - sell), down 20,000 VND/tael in both directions.
The difference in selling price is only 100,000 VND/tael higher than the buying price.
As of early morning of November 30 (Vietnam time), the world spot gold price stood at 1,227 USD/ounce.
The price of gold delivered in February 2019 on the New York Comex was at 1,230 USD/ounce.
According to today's foreign exchange rate, the world gold price is equivalent to VND34.42 million/tael, VND2.07 million/tael lower than the SJC gold price.
World gold prices skyrocketed as the USD was under strong downward pressure after the chairman of the US Federal Reserve (Fed) suddenly reversed the financial market. The pressure to criticize the Fed from US President Donald Trump seems to be effective.
Accordingly, Mr. Jerome Powell said that interest rates are close to the "middle". Investors immediately speculate about the possibility that the US central bank is about to end their interest rate increase cycle.
Gold prices increased mainly due to the sharp decline of the USD. The greenback weakened after cautious statements by US Federal Reserve Chairman Jerome Powell about the country's interest rate situation.
On the other hand, Goldman Sachs recently forecast that commodity prices will increase in 2018, recovering from below below below the baseline. The bank believes that the current low prices and buying points are attractive for oil, gold and assets.
