Update on the closing price of gold on December 7: Forecast is still optimistic

Update SJC gold price

As of 4:00 p.m., DOJI Group listed the price of SJC gold bars at 82.7-85.2 million VND/tael (buy - sell), unchanged in both directions.

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), unchanged in both directions.

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 82.7-85.2 million VND/tael (buy - sell), unchanged in both directions.

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 the buying and selling price of gold is listed at around 2.5 million VND/tael. This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make a profit, especially in the short term.

Price of round gold ring 9999

As of 5:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83-84 million VND/tael (buy - sell); both buying and selling prices remain unchanged compared to the close of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 82.98-84.08 million VND/tael (buy - sell); keeping both buying and selling prices unchanged.

World gold price

As of 5:00 p.m., the world gold price listed on Kitco was at 2,633.3 USD/ounce, down 5.7 USD/ounce compared to the close of the previous trading session.

Gold Price Forecast

World gold prices fell as the USD index increased. Recorded at 5:00 p.m. on December 7, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.040 points (up 0.32%).

This week, 12 analysts participated in the Kitco News gold survey. Wall Street sentiment was once again divided between bullish and wait-and-see.

Five experts (42%) predict that gold prices will increase next week. Meanwhile, another five experts (also 42%) predict that gold prices will continue to move sideways. The remaining two experts (17%) predict that the price of this precious metal will decrease.

Meanwhile, there were 116 votes in Kitco's online poll, with retail investors again becoming bullish on gold after its solid performance this week.

70 traders (60%) expect gold prices to rise next week. Meanwhile, 23 others (20%) predict gold prices will fall. The remaining (20%) expect gold prices to continue moving sideways in the short term.

Next week, markets will focus on important US inflation data and interest rate decisions from other central banks:

Monday: Reserve Bank of Australia monetary policy announcement.

Wednesday: Bank of Canada interest rate decision and US CPI data.

Thursday: Interest rate decisions from the European Central Bank and Swiss National Bank, plus US PPI data.

Experts say the gold market will continue to fluctuate within a narrow range until there are clearer signals from economic data and policies of the US Federal Reserve (FED).