Update SJC gold price
As of 6:50 p.m., DOJI Group listed the price of SJC gold bars at VND82.7-85.2 million/tael (buy - sell).
Compared to the previous trading session, gold price at DOJI decreased by 1.9 million VND/tael for buying and 1.4 million 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 82.7-85.2 million VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 1.9 million VND/tael for buying and decreased by 1.4 million 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 82.8-85.3 million VND/tael (buy - sell), unchanged.
Compared to the previous trading session, gold price at Bao Tin Minh Chau decreased by 1.8 million VND/tael for buying and 1.3 million VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 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 7:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 82.3-84.4 million VND/tael (buy - sell), down 2 million VND/tael for buying and down 1.4 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 82.23-84.43 million VND/tael (buy - sell); down 2.35 million VND/tael for buy and down 1.55 million VND/tael for sell.
World gold price
As of 7:10 p.m., the world gold price listed on Kitco was at 2,632.6 USD/ounce, down 52.6 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices fell sharply despite the USD index also falling. Recorded at 7:12 p.m. on November 26, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.715 points (down 0.04%).
According to Kitco - the rapid decline in world gold prices is said to be due to increased investor risk sentiment, large profit-taking pressure, and sell-offs from short-term futures traders.
Still, despite yesterday's sell-off, gold has held up relatively well, suggesting demand for safe-haven assets, said Matt Simpson, senior analyst at City Index.Gold prices could be more volatile in the future as US President-elect Donald Trump's announcement of tariffs on imports from Canada, Mexico and China raises the risk of trade tensions.Simpson also expects gold prices to rise slightly in the short term.
Gold is traditionally seen as a safe-haven investment during times of economic and geopolitical uncertainty, including trade wars and other conflicts.
Meanwhile, Naeem Aslam, chief investment officer at Zaye Capital Markets, said that amid rising geopolitical risks, there has been little sell-off activity in the market, as gold is a safe haven asset. Therefore, gold prices will hardly fall in the near future.
Minneapolis Federal Reserve Bank President Neel Kashkari said he supports the Fed cutting interest rates again next month. According to CME Group's FedWatch Tool, the market expects a 55.9% chance of the Fed cutting interest rates by 25 basis points by December 2024.
See more news related to gold prices HERE...
