Update SJC gold price
As of 5:45 p.m., DOJI Group listed the price of SJC gold bars at 81-84 million VND/tael (buy - sell).
Compared to the previous trading session, gold price at DOJI increased by 1 million VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 3 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 81-84 million VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 1 million VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 81.2-84 million VND/tael (buy - sell).
Compared to the previous trading session, gold price at Bao Tin Minh Chau increased by 900,000 VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.8 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 3 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 5:45 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82.4-83.7 million VND/tael (buy - sell), an increase of 1.4 million VND/tael for buying and an increase of 1 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 82.03-83.48 million VND/tael (buy - sell); increased by 1 million VND/tael for buying and increased by 800,000 VND/tael for selling.
World gold price
As of 5:45 p.m., the world gold price listed on Kitco was at $2,592/ounce, up $28.8/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices increased sharply in the context of the USD index stopping its increase. Recorded at 5:45 p.m. on November 18, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 106.614 points.
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 this week. Six analysts see 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 this week, while 71 see the precious metal falling. The remaining 32 investors see gold moving sideways in the near term.
“The hype surrounding the most recent U.S. presidential election may be coming to an end,” said Darin Newsom, senior market analyst at Barchart.com. “Gold could find a new safe haven as investors hedge against other market sectors, most notably equities.”
Meanwhile, David Morrison, senior market analyst at Trade Nation, said that while the short-term technical picture has improved, it is still too early to call a bottom.
“Speculators will be hoping that the sell-off since Donald Trump’s victory in the US presidential election is over. But there is nothing to suggest that. Gold has fallen every day in the past week, taking the precious metal down more than 5% in just four days,” said David Morrison.
Kitco senior analyst Jim Wyckoff expects gold prices to continue to weaken this week: "Gold prices are falling as the chart turns bearish in the short term," he said.
See more news related to gold prices HERE...
