Update on the closing price of gold on December 23: All increased sharply

Update SJC gold price

As of 5:30 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND82.5-84.5 million/tael (buy - sell), an increase of VND700,000/tael in both directions.

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.

Meanwhile, DOJI Group listed the price of SJC gold at 82.5-84.5 million VND/tael (buy - sell); an increase of 100,000 VND/tael in both directions.

The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.

Bao Tin Minh Chau listed SJC gold price at 82.5-84.5 million VND/tael (buy - sell); increased 100,000 VND/tael in both directions.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

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 83.5-84.5 million VND/tael (buy - sell); an increase of 600,000 VND/tael for buying and an increase of 100,000 VND for selling compared to the close of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 82.7-84.5 million VND/tael (buy - sell), keeping the buying price unchanged and increasing the selling price by 100,000 VND/tael compared to the closing price of yesterday's trading session.

World gold price

As of 5:30 p.m., the world gold price listed on Kitco was at 2,620.6 USD/ounce, down 3 USD/ounce compared to the close of the previous trading session.

Gold Price Forecast

World gold prices fell slightly as the USD index increased. Recorded at 5:50 p.m. on December 23, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107.865 points (up 0.48%).

The market was cautious after the US Federal Reserve (FED) announced its decision to cut interest rates. At the same time, the FED also signaled that it would slow down the pace of interest rate cuts in the future, thereby supporting the appreciation of the USD and pushing up US government bond yields.

Tai Wong, an independent trader, said the market was struggling to absorb the forecast of only two rate cuts next year. Gold prices fell, but were still likely to stay above $2,600 an ounce.

Michael Langford, an expert at Scorpion Minerals, said the next big thing for the market will be any executive orders that President Donald Trump may issue in his next term.This is likely to add to market volatility and push gold prices higher.

The US Commerce Department said its core personal consumption expenditures price index, which excludes volatile food and energy prices, rose 2.8% in November from a year earlier and 0.1% from the previous month.Both figures were weaker than expected.This paves the way for policymakers to cut interest rates again in 2025.Lower interest rates typically boost gold prices.