Update SJC gold price
As of 5:45 p.m., the price of SJC gold bars listed by DOJI Group was at 80.5-84 million VND/tael (buy - sell).
Compared to the previous trading session, gold price at DOJI decreased by 1.4 million VND/tael for both buying and selling. The difference between buying and selling price of SJC gold at DOJI Group is at 3.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 80.5-84 million VND/tael (buy - sell).
Compared to the closing price of the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 1.4 million VND/tael for both buying and selling. The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC is at 3.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 80.5-84 million VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Bao Tin Minh Chau decreased by 1.6 million VND/tael for buying and 1.4 million VND/tael for selling. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 3.3 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 3.5 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.
Price of round gold ring 9999
As of 5:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 80.5-83.2 million VND/tael (buy - sell), down 2.65 million VND/tael for buying and down 1.75 million VND/tael for selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 80.52-83.12 million VND/tael (buy - sell); down 2.56 million VND/tael for buying and down 1.81 million VND/tael for selling.
World gold price
As of 5:52 p.m., the world gold price listed on Kitco was at 2,597.4 USD/ounce, down 71.6 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
Gold prices fell to a nearly two-month low in the afternoon trading session on November 12 due to the strengthening of the US dollar. At 5:52 p.m. on November 12, the US Dollar Index, which measures the greenback's movements against six major currencies, stood at 105.760 points (up 0.29%).
Gold prices cooled as the dollar strengthened after the U.S.
presidential election, said Tim Waterer, chief market analyst at KCM Trade.
Gold was also pressured by Donald Trump's pro-bitcoin stance, which could act as an alternative asset store for gold, analysts at Berenberg said.Gold is seen as a hedge against inflation, but higher interest rates have reduced the appeal of the precious metal.Traders see a 65% chance the Federal Reserve will cut interest rates by December 2024, compared with about 80% before Trump's victory, according to the CME FedWatch Tool.
Investors are now waiting for the US to release a series of important economic data and comments from FED officials to clarify the interest rate trend.
See more news related to gold prices HERE...
