SJC gold bar price
As of 6:00 a.m. on November 11, the price of SJC gold bars listed by DOJI Group was at 82-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI remained unchanged in both buying and selling directions. The difference between the buying and selling price of SJC gold at DOJI Group was at 3.8 million VND/tael.
Saigon Jewelry Company SJC listed the price of SJC gold at 82-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions. The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC was at 3.8 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 82.3-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau remained unchanged in both buying and selling directions. The difference between the buying and selling price of SJC gold at Bao Tin Minh Chau was at 3.5 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 3.8 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.
9999 gold ring price
As of 6:00 a.m. on November 11, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 83.35-85.15 million VND/tael (buy - sell), remaining unchanged in both selling directions compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.42-85.12 million VND/tael (buy - sell); increased by 100,000 VND/tael for buying and kept the same for selling compared to early morning of November 10.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Domestic investors can refer to the world gold price before investing or taking profits.
World gold price
As of 6:00 a.m. on November 11 (Vietnam time), the world gold price listed on Kitco recovered to 2,684.4 USD/ounce, unchanged from the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell amid an increase in the USD index. Recorded at 6:00 a.m. on November 11, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.890 points (up 0.5%).
The latest weekly Kitco News gold survey shows that industry professionals are overwhelmingly bearish, while retail traders are also down for the first time in months.
Fourteen analysts took part in the Kitco News gold survey. Only three analysts see gold prices rising this week. Nine see prices falling. The remaining two see prices moving sideways.
There were 249 votes cast in Kitco’s online poll. 114 traders see gold prices rising this week, while 91 see it falling. The remaining 44 investors expect gold to trade sideways in the near term. This is the first time in months that short-term gold prices have fallen this far.
Adrian Day - chairman of Adrian Day Asset Management said that gold continued to fall is not unusual, as some investors took profits while demand from central banks and Chinese consumers decreased.
“Remember that gold reacted similarly to Donald Trump’s election in 2016, when there was optimism about economic growth, a strong dollar and rising stocks. That correction lasted about six weeks,” he said.
Frank Sohleder, an analyst at ActivTrades, also said that the precious metal is likely to fall further in the short term. "Despite the rally, gold is still not out of the woods yet for a major correction," he said.
This expert believes that even the US Federal Reserve (FED) lowering interest rates cannot guarantee demand for gold.
See more news related to gold prices HERE...
