SJC gold bar price
As of 6:00 a.m. on November 12, the price of SJC gold bars listed by DOJI Group was at 81.9-85.4 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI decreased by VND100,000/tael for buying and VND400,000/tael for selling. The difference between the buying and selling prices of SJC gold at DOJI Group is at VND3.5 million/tael.
Saigon Jewelry Company SJC listed the price of SJC gold at 81.9-85.4 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by VND100,000/tael for buying and VND400,000/tael for selling. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at VND3.5 million/tael.
Bao Tin Minh Chau listed SJC gold price at 82.1-85.4 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau decreased by VND200,000/tael for buying and VND400,000/tael for selling. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at VND3.3 million/tael.
Currently, the difference between the buying and selling price of gold is listed at around 3.5 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 12, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 83.15-84.95 million VND/tael (buy - sell), down 200,000 VND/tael for both buying and selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.08-84.93 million VND/tael (buy - sell); down 240,000 VND/tael for buying and down 190,000 VND/tael for selling.
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 6:36 a.m. on November 12 (Vietnam time), the world gold price listed on Kitco recovered to 2,623 USD/ounce, down 61.4 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell sharply amid a high increase in the USD index. Recorded at 6:00 a.m. on November 12, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.405 points (up 0.49%).
Gold prices fell sharply and hit a four-week low amid technical selling pressure, according to Kitco. Many short-term futures traders took profits. Metals traders were also concerned about falling demand from China. The most recent December gold price fell $74.7 to $2,620.10 an ounce.
In a report last night, Bloomberg reported that hedge fund BlackRock and investment bank JPMorgan "are among the big names warning that the US bond sell-off may be far from over. Donald Trump's fiscal plans could reignite inflation and increase the budget deficit, while traders have cut bets on how deep the US Federal Reserve will cut interest rates," the report said.
In the key outside markets today, apart from seeing the USD index rise sharply, Nymex crude oil futures prices fell sharply and traded around $68.25/barrel. A DowJones Newswires headline today read: “Oil under pressure on fading US supply threat, China stimulus disappointment.” The yield on the benchmark 10-year US Treasury note is currently at 4.304%.
Technically, December gold bulls have lost the overall near-term technical advantage for the first time in months.
The next upside price objective for the bulls is to create a close above $2,700/oz. The next near-term downside price objective for the bears is to push futures below $2,550/oz.
The economic calendar for the week ahead is fairly bleak, especially compared to last week’s boom. The key economic news event to watch will be the US core CPI on Wednesday. The Federal Reserve is expected to be watching the CPI closely for signs that consumer inflation is continuing its path toward 2%.
Thursday's US PPI report, weekly jobless claims data and Friday morning's US retail sales release for October will also provide concrete data on Americans' purchasing power in the current high-cost environment.
See more news related to gold prices HERE...
