Update SJC gold price
As of 8:00 p.m., the price of SJC gold bars listed by DOJI Group was 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 8:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.5-84.5 million VND/tael (buy - sell); an increase of 500,000 VND/tael for both buying and selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.38-84.48 million VND/tael (buy - sell); increased 400,000 VND/tael for both buying and selling.
World gold price
As of 8:05 p.m., the world gold price listed on Kitco was at 2,657.5 USD/ounce, up 24.2 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices increased as the USD index decreased. Recorded at 20:00 on December 9, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.670 points (down 0.07%).
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 gold prices will rise this week. Another five experts (also 42%) predict gold prices will continue to move sideways. The remaining two experts (17%) predict the price of this precious metal will fall.
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.
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).
Kitco senior analyst Jim Wyckoff said that gold prices will continue to consolidate this week, while the market awaits the next big fundamental catalyst.
The market is in a precarious state ahead of inflation data due this week and then Donald Trump's inauguration, said Kevin Grady, president of Phoenix Futures and Options.
Speaking about the Fed's final interest rate decision in 2024, Grady said he does not expect any major surprises from the data or the Fed and predicts that gold prices will not fluctuate much in the short term.
According to him, investors will continue to wait for the next data, specifically inflation data, to decide whether to enter a new long position or not. Until these numbers are released, gold will be stuck in the current range.
Despite this, Kevin Grady remains bullish on gold in 2025, predicting the precious metal will hit $3,000 an ounce.
See more news related to gold prices HERE...
