Experts predict less positive gold prices next week
The latest Kitco News weekly gold survey shows strong bearish sentiment among industry experts, while traders are also increasingly concerned about the precious metal’s near-term outlook.
This week, 12 analysts participated in the Kitco News gold survey. Once again, only a handful of experts see gold’s near-term potential. Only three experts see gold prices rising next week. Six analysts predict further declines in the precious metal. The remaining three analysts see gold prices remaining flat.
Meanwhile, 181 votes were cast in Kitco’s online poll. While the number of investors who forecast positive prices remains high, the percentage is down significantly from previous weeks.
Seventy-eight retail traders expect gold prices to rise next week, while 71 expect the precious metal to fall. The remaining 32 investors see gold moving sideways in the coming week.
Domestic gold ring price suddenly increased
As of 9:30 a.m., the price of SJC gold bars was listed by DOJI Group at 80-83.5 million VND/tael (buy - sell).
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 80-83.5 million VND/tael (buy - sell).
Bao Tin Minh Chau listed SJC gold price at 80.3-83.5 million VND/tael (buy - sell).
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
As of 9:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 81-82.7 million VND/tael (buy - sell); an increase of 900,000 VND/tael for buying and an increase of 600,000 VND/tael for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 80.78-82.68 million VND/tael (buy - sell), an increase of 660,000 VND/tael for buying and 460,000 VND/tael for selling compared to early this morning. See more...
Bitcoin returns to $90,000
In the trading session on November 16 (Vietnam time), the price of Bitcoin on Binance continued to increase, reaching 91,060 USD.
Notably, in the past 24 hours, the world's largest cryptocurrency traded at a low of $87,190 and at one point reached a high of $91,734.
Also according to CoinMarketCap, today, Bitcoin trading volume reached about 77.49 billion USD. Market capitalization remained at 1,801 billion USD.
On the Binance tracker, other virtual currency prices witnessed notable fluctuations such as Ethereum price increased by 0.15%, at 3,083 USD; BNB price decreased by 0.99%, at 619.59 USD; SOL price increased by 2.6%; XRP price increased by 12.38% compared to yesterday's trading session.
According to experts, this is the time for investors to be sober. In a volatile market, you will see countless coins increase by 30-40% in 5 minutes, then decrease by more than 60-80%.
Don't stay too long in a single trade and take profits frequently.
Top 5 banks with the highest interest rates for 12-month term
The top banks with the highest interest rates for 12-month terms under normal conditions include: BacABank, Cake by VPBank, NCB, Saigonbank, BVBank.
BacABank is listing the highest interest rate for a 12-month term at 6%/year when customers receive interest at the end of the term. Customers receiving interest in advance, monthly and quarterly will receive interest rates of 5.85% and 5.9%/year, respectively.
Cake by VPBank is listing the highest interest rate for a 12-month term at 5.8%/year when customers receive interest at the end of the term. Customers receive interest monthly and quarterly, with interest rates of 5.65% and 5.68%, respectively. The highest interest rate listed by Cake by VPBank is 6.1% when customers deposit for 24 - 36 months. See more...
