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 close of the previous trading session, gold price at DOJI decreased by 500,000 VND/tael for both buying and 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 the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 500,000 VND/tael for both buying and 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 83.3-85.8 million VND/tael (buy - sell), unchanged.
Compared to the previous trading session, gold price at Bao Tin Minh Chau decreased by 500,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.5 million VND/tael.
The difference between buying and selling gold prices is listed at around 2 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.
Price of round gold ring 9999
As of 6:15 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 82.9-83.9 million VND/tael (buy - sell); down 600,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 83.08-84.28 million VND/tael (buy - sell); down 600,000 VND/tael for buying and down 500,000 VND/tael for selling.
World gold price
As of 5:20 p.m., the world gold price listed on Kitco was at 2,635.5 USD/ounce, down 14.8 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
Reuters - Gold prices fell sharply due to the strength of the US dollar. Gold prices fell 1% on Monday, ending a four-session winning streak due to the strength of the US dollar.
World gold prices fell amid an increase in the USD index. Recorded at 6:15 p.m. on December 2, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 106.245 points (up 0.4%).
"President-elect Donald Trump's comments calling on BRICS countries not to shift away from the US dollar are supporting the greenback and putting some pressure on gold prices today," said Giovanni Staunovo, an analyst at Union Bank of Switzerland.
“Gold’s status as a safe-haven asset is likely to continue to support demand – amid persistent policy uncertainty that could negatively impact the global economy, along with various geopolitical tensions – as well as central bank buying,” said analysts at National Australia Bank (one of the four largest banks in Australia).
Investors are now watching upcoming economic data and speeches from US Federal Reserve officials for clues on the future of US interest rates.
Key economic events in the US this week include employment data, the ADP employment report and non-farm payrolls. Speeches from Fed officials, including Chairman Jerome Powell, will also attract attention.
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