Update SJC gold price
As of 5:45 p.m., DOJI Group listed the price of SJC gold bars at VND83.7-86.2 million/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 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 83.7-86.2 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 2.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 84-86.2 million VND/tael (buy - sell), unchanged.
Compared to the previous trading session, gold price at Bao Tin Minh Chau increased by 1 million VND/tael for buying and increased by 1.2 million VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2.2-2.5 million VND/tael. Although it has decreased compared to the previous trading session, this difference is still very high.
This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make profits, especially in the short term.
9999 round gold ring price
As of 5:50 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 84.8-85.8 million VND/tael (buy - sell), an increase of 500,000 VND/tael for both buying and selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 84.83-85.78 million VND/tael (buy - sell); increased by 500,000 VND/tael for both buying and selling.
World gold price
As of 5:50 p.m., the world gold price listed on Kitco was at 2,668.1 USD/ounce, up 38.7 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices increased sharply despite the increase in the USD index. Recorded at 5:50 p.m. on November 21, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 106.672 points (up 0.05%).
"The recent decline in gold prices is just a correction, not a reason to adjust the forecast," Julia Khandoshko, CEO of European brokerage Mind Money, said in a comment to Kitco News.
Khandoshko said it was “just a matter of time” before gold prices returned to their all-time high of $2,800 an ounce last month. She said she expected gold prices to hit $3,000 an ounce by 2025.
Gold prices marked a third consecutive day of strong gains as Russian President Vladimir Putin's recent statements on revising Russia's nuclear doctrine created a wave of concern in the international market.
On November 19, Russian President Vladimir Putin approved a new nuclear doctrine, which came into effect with changes compared to the one announced in September.
“In order to improve the state policy of the Russian Federation in the field of nuclear deterrence, I decided to approve the basic principles attached to the state policy of the Russian Federation in the field of nuclear deterrence,” the decree signed by President Putin and effective from November 19 stated.
Investors are focused on the Federal Reserve's Open Market Committee meeting in December, with the CME's FedWatch tool showing a 53.9% chance of a 25 basis point rate cut.
Persistent conflicts in the Middle East and Ukraine continue to highlight the enduring appeal of gold as a safe haven asset. As geopolitical uncertainty persists, investors tend to turn to gold as a reliable store of value in times of turmoil.
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