Update SJC gold price
As of 6:15 p.m., DOJI Group listed the price of SJC gold bars at 83.3-85.8 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at DOJI decreased by 1.7 million VND/tael for buying and 1.2 million VND/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 83.3-85.8 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company decreased by VND 1.7 million/tael for buying and VND 1.2 million/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
If you buy SJC gold at DOJI Group on November 24 and sell it today (December 1), you will lose 3.7 million VND/tael. Similarly, those who buy gold at Saigon Jewelry Company SJC will also lose 3.7 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say this difference is very high, causing investors to face the risk of losing money when investing in the short term.
Price of round gold ring 9999
As of 5:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.5-84.5 million VND/tael (buy - sell); down 2.1 million VND/tael for both buying and selling compared to the closing price of last week's trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.68-84.78 million VND/tael (buy - sell); down 1.95 million VND/tael for buying and down 1.8 million VND/tael for selling compared to the closing price of last week's trading session.
After a week of sharp decline, if buying gold rings in the session of November 24 and selling in today's session (December 1), the loss investors will have to accept when buying at DOJI and Bao Tin Minh Chau is 3.1 million VND/tael and 2.9 million VND/tael, respectively.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
At the close of the weekly trading session, the world gold price listed on Kitco was at 2,650.3 USD/ounce, down 66 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices fell despite the cooling of the USD index. Recorded at 5:00 p.m. on December 1, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.830 points (down 0.21%).
Marc Chandler - CEO at Bannockburn Global Forex - said that gold prices are under pressure from both the upside and downside in the short term.
“Gold fell nearly 3.4% on Monday last week, its biggest drop in five months, after peaking from a five-day rally of nearly 6%. Despite falling US bond yields and the US dollar, gold traders remained cautious,” he said.
Chandler noted that gold has yet to recover half of its recent losses (around $2,663.40/ounce). “A positive US jobs report due later next week (forecasting around 200,000 new jobs) could dampen expectations of a Fed rate cut in December and support the USD,” he said.
Darin Newsom, senior market analyst at Barchart.com, remains bullish: “February gold futures remain in a short-term uptrend despite the sharp sell-off earlier in the week.” However, he warned that low trading volumes due to the holiday could lead to volatility.
James Stanley, senior market strategist at Forex.com, also agreed with the bullish view: “The buying reaction at the 2,617-2,621 support zone has been remarkable. This suggests that investors see this as a buying opportunity.”
Meanwhile, Colin Cieszynski, chief strategist at SIA Wealth Management, said the market is in a consolidation phase after a major rally from February to late October. He predicted gold would fluctuate in a range of $2,532 - $2,800 per ounce.
See more news related to gold prices HERE...
