Update gold price 11.2: Gold rings increase

Phan Anh (Theo Kitco, Bloomberg) |

Update gold price 11.2: Domestic gold increases, the difference in buying and selling narrow. World gold breaking the peak, trading around $ 2,900/ounce.

Update SJC gold price

As of 6:00 am, SJC gold price is listed by SJC SJC VBD Company at the threshold of 88.3-91.3 million VND/tael (buying - selling), an increase of 1.5 million VND/tael buying and buying and increased by 1 million VND/tael to sell.

SJC gold price difference at Saigon SJC VBD company at 3 million VND/tael.

Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Khuong Duy
SJC gold price movements recently. Chart: Phan Anh

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bar at the threshold of 88.85-91.25 million VND/tael (purchased - sold), up 2.05 million VND/tael buying and up 950,000 VND /The amount of sale. Buying difference - sold at 2.4 million VND/tael.

SJC gold price is listed by DOJI Group at the threshold of 88.3-91.3 million VND/tael (buying - selling), an increase of 1.5 million VND/tael to buy and an increase Sell. SJC gold price difference is reduced to 3 million VND/tael.

Gold price round 9999

As of 6:00 am today, the price of gold ring 9999 prosperity at Doji listed at the threshold of 89.2-91.2 million VND/tael (purchased - sold); Increasing VND 2.6 million/tael to buy and an increase of VND 900,000/tael. The difference in buying - selling reduced to the threshold of 2 million VND/tael.

Dien bien gia vang nhan tron tron 9999 thoi gian gan day. Bieu do: Khuong Duy
The evolution of the price of golden ring is smooth 9999 recently. Chart: Phan Anh

Bao Tin Minh Chau listed the price of gold rings at the threshold of 88.85-91.25 million dong/tael (purchased - sold); Increasing VND 2.05 million/tael to buy and an increase of VND 1 million/tael. The difference in buying - selling decreases from 3.45 million VND/tael to 2.4 million dong/tael.

World gold price

As of 0h15 on 11.2, the world gold price listed on Kitco at the threshold of 2,900.6 USD/ounce, an increase of 39.4 USD/ounce compared to the beginning of the previous trading session.

Dien bien gia vang the gioi. Nguon: Kitco
World gold price movements. Source: Kitco

Gold price forecast

World gold price rises despite the increasing USD index. Recognized at 0:20 on 11.2, the US Dollar Index measured the fluctuations of green silver coins with 6 key currencies at the threshold of 108,150 points (up 0.21%).

According to Kitco - Gold price increased sharply and is approaching 3,000 USD/ounce. The gold and silver market continues to recognize the safety demand in the context of concerns about global economic growth, when the US imposes additional taxes on trading partners. Quick changes in other US government policies also make the market worried.

The future gold contract in April increased by 48.2 USD, to 2,935.8 USD/ounce. Silver price in March also increased by 0.242 USD, reaching 32,685 USD/ounce.

Shares in Asia and Europe have a mixed situation but generally tends to increase in the overnight session. US stocks indicators are expected to open higher when the trading session in New York starts.

Currently, US securities investors seem to be worried about the information that US President Donald Trump plans to impose 25% tax for all imported steel and aluminum imports.

Bloomberg said, "the fast tax rate of US tax is causing economists to reassemble their impact on the economy, with some people warn that the risk of growth is increasing ahead."

According to reports, China has launched a pilot program that allows insurance companies to buy gold for the first time. This move can liberate 27 billion USD of capital, according to a report. The new policy shows that the Chinese government recognizes gold as an alternative investment channel in the context of the real estate market in this country, according to Bloomberg.

In other developments, China's January Consumer Price Index (CPI) in January increased by 0.5% compared to the same period last year, higher than the market expectations.

Technically, the April gold buyer is dominating in the short term when the price tends to increase stable. The next goal of the buyer is to bring gold price exceeding the $ 3,000/ounce. In contrast, the seller will try to pull the price down to less than 2,800 USD/ounce. Currently, the important levels to be monitored include resistance threshold at 2,940 USD/ounce and 2,950 USD/ounce, while the latest support is US $ 2.90/ounce, followed by the lowest level in the previous session of 2,879 , 9 USD/ounce.

On other important markets, Nymex crude oil price also inched up and traded around 72 USD/barrel. The 10 -year US Treasury bond yield is currently at 4,499%.

See more news related to gold price here ...

Phan Anh (Theo Kitco, Bloomberg)
TIN LIÊN QUAN

Updated gold price at the close of session 10.2: All-time high

|

Updated gold price at the close of session 10.2: World gold prices hit an all-time high of 2,900 USD/ounce.

Gold price received unprecedented optimistic forecasts

|

The latest survey of Kitco News shows that experts in the industry are unprecedented optimistic about gold prices this week.

Gold prices break out as banks make strong purchases

|

Gold prices continue to be supported when central banks start 2025 by increasing reserves and maintaining strong gold buying trends like at the end of 2024.

Coming to eliminate credit growth targets

|

The elimination of credit growth targets for each credit institution to make efforts to achieve credit growth in the whole system is expected to be 16%.

The truth behind the bird service releases in Huong Pagoda

|

The fate of the birds released at the Huong Pagoda festival falls into the vicious loop "drop and then catch again", making the release no longer bring good meaning and results.

Gold price today 11.2: increased to 2.8 million/tael

|

Gold price today 11.2: Domestic gold increased almost standing. Gold world broke the peak of all time.

The type of vehicle is banned from going to the old town and Ho Guom from 1.3

|

From 1.3, Hanoi piloted for banning cars on 16 seats during rush hour in the old town and Ho Guom area to reduce congestion and environmental pollution.

Earning 10 million VND/month, giving up the dream of buying a house in Hanoi

|

Currently, buying a house in Hanoi for middle-income people is becoming a big challenge.

Updated gold price at the close of session 10.2: All-time high

Phan Anh (Theo Kitco) |

Updated gold price at the close of session 10.2: World gold prices hit an all-time high of 2,900 USD/ounce.

Gold price received unprecedented optimistic forecasts

Khương Duy (Theo Kitco) |

The latest survey of Kitco News shows that experts in the industry are unprecedented optimistic about gold prices this week.

Gold prices break out as banks make strong purchases

Khương Duy (Theo Kitco) |

Gold prices continue to be supported when central banks start 2025 by increasing reserves and maintaining strong gold buying trends like at the end of 2024.