SJC gold bar price
As of 6:30 p.m., DOJI Group listed the price of SJC gold bars at 146.2-148.2 million VND/tael (buy in - sell out), down 800,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
The price of SJC gold bars was listed by Bao Tin Minh Chau at 147.2-148.2 million VND/tael (buy - sell), down 300,000 VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling prices is at 1 million VND/tael.
Phu Quy Gold and Gemstone Group listed the price of SJC gold bars at 145.2-148.2 million VND/tael (buy - sell), down 1.3 million VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:30 p.m., DOJI Group listed the price of gold rings at 145-148 million VND/tael (buy - sell), down 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 145.7-148.7 million VND/tael (buy - sell), down 800,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 145.2-148.2 million VND/tael (buy in - sell out), down 800,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
The high buying and selling distance increases the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
The world gold price was listed at 6:30 p.m. at 3,994.3 USD/ounce, down 3 USD compared to a day ago.
Gold price forecast
Gold prices fell in the third trading session, as the USD increased and US Treasury bond yields decreased. The market is currently watching upcoming US economic data this week for further signals on the interest rate adjustment roadmap of the US Federal Reserve (FED).
Carlo Alberto De Casa - an analyst at Swissquote Bank - commented: "Gold prices are holding below $4,000/ounce. The next few weeks will be decisive - whether the market has room for a new increase or not, it will have to be adjusted."
He added that the stronger US dollar and expectations of a December rate cut are weakening - all of which put pressure on gold prices.
Last week, the Fed cut interest rates for the second time this year, but Chairman Jerome Powell said the possibility of another rate cut this year is "uncertain". According to CME's FedWatch tool, investors now assess the probability of the Fed cutting interest rates in December at only about 65%, down sharply from more than 90% before Mr. Powell's speech.
Fawad Razaqzada - an expert at City Index and FOREX.com - commented: "The fall of gold prices below the psychological threshold of 4,000 USD/ounce has triggered a wave of technical sales and profit-taking."
Schedule of releasing important economic data for the week
Wednesday: ADP Employment Report, ISM survey for the service sector.
Thursday: Bank of England (BoE) monetary policy meeting.
Friday: Preliminary survey of consumer confidence - University of Michigan.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
