Update SJC gold price
As of 5:00 p.m., the price of SJC gold bars was listed by DOJI Group at 87-89 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 prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 87-89 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 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 87-89 million VND/tael (buy - sell).
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 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
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 87.6-88.8 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 87.78-88.78 million VND/tael (buy - sell); down 200,000 VND/tael for both buying and selling compared to the close of the previous trading session.
World gold price
As of 5:10 p.m., the world gold price listed on Kitco was at 2,741.7 USD/ounce, up 5.3 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices remained unchanged as the USD index increased. Recorded at 5:30 p.m. on November 4, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103.650 points (down 0.53%).
The World Gold Council (WGC) believes that gold prices will continue to rise as they receive more attention from investors. Geopolitical instability, stemming from both escalating tensions in the Middle East and information related to the US presidential election, are supporting gold prices.
At the same time, the ongoing shift in global interest rate policy will also further boost investor interest in precious metals.
Adrian Day, chairman of Adrian Day Asset Management, said gold prices will rise this week: “The resilience of gold has been incredible. All sorts of reasons for different groups to buy. Lower interest rates in a sluggish economy and unchecked inflation are a combination that is driving gold prices up.”
On the other hand, Marc Chandler, managing director at Bannockburn Global Forex, said he was bearish: “Gold hit a record high last week, but has stalled below $2,800 an ounce. It is worth noting that gold sold off sharply when US stocks fell on October 31.”
He noted that five G10 central banks are meeting this week: “The Fed and BOE are expected to cut by 25 basis points. Sweden will cut by 50 basis points; Norway and Australia will keep it the same.”
“I am neutral on gold next week,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “It’s a little harder to predict the near-term direction with all the event risks in the coming days (Middle East geopolitical tensions, US elections, Fed rate hikes).
Gold appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact for now.”
