Update SJC gold price
As of 6:30 p.m., DOJI Group listed the price of SJC gold bars at VND82.9-85.4 million/tael (buy - sell).
Compared to the close of the previous trading session, gold price at DOJI decreased by 100,000 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 82.9-85.4 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 100,000 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 82.9-85.4 million VND/tael (buy - sell), unchanged.
Compared to the previous trading session, gold price at Bao Tin Minh Chau decreased by 100,000 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 6:50 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.5-84.7 million VND/tael (buy - sell), down 400,000 VND/tael for buying and down 200,000 VND/tael for selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.38-84.73 million VND/tael (buy - sell); increased by 400,000 VND/tael for buying and decreased by 250,000 VND/tael for selling.
According to Lao Dong reporters today (November 28), in Hanoi, many people continue to go to gold shops to wait to buy gold rings.
However, buying plain round gold rings is still difficult at this time. Many stores still have a rule of selling only a limited number of gold rings each day and do not announce the opening time in advance. Meanwhile, most stores have stopped selling SJC gold bars.
World gold price
As of 5:00 p.m., the world gold price listed on Kitco was at 2,646.1 USD/ounce, down 2.8 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices did not change much in the context of the USD index increasing. Recorded at 6:50 p.m. on November 28, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 106.225 points (up 0.17%).
The world's largest gold-backed exchange-traded fund SPDR Gold Trust said its holdings fell 0.10% to 878.55 tonnes on Wednesday (November 27).
According to Kelvin Wong, senior analyst at OANDA Asia-Pacific, the gold market is currently closely monitoring the moves of the US Federal Reserve (FED), especially the possibility of interest rate cuts next year.
The latest Core Personal Consumption Expenditures (PCE) data showed inflation trending lower, raising expectations that the Fed will adopt a less dovish policy in the near future.
However, despite signs of cooling inflation, the Fed remains steadfast in its goal of bringing inflation back to 2%. In addition, the possibility of higher taxes from the Trump administration could also have a strong impact on US monetary policy decisions.
According to the CME group's FedWatch tool, the market currently predicts a 64.7% chance that the Fed will cut interest rates by 0.25 percentage points next December.
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