Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars listed by DOJI Group was at 84.4-86.9 million VND/tael (buy - sell), an increase of 800,000 VND/tael for buying and an increase of 1.3 million VND/tael for selling.
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 84.4-86.9 million VND/tael (buy - sell), an increase of 1.3 million VND/tael for both buying and selling.
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 84.4-86.9 million VND/tael (buy - sell), an increase of 800,000 VND/tael for buying and an increase of 1.3 million VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
The difference between buying and selling gold prices is listed at around 2.5 million VND/tael. Although it has decreased compared to the previous trading session, this difference is still very high.
This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make profits, especially in the short term.
Price of round gold ring 9999
As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 gold rings at DOJI is listed at 84.6-85.7 million VND/tael (buy - sell); an increase of 700,000 VND/tael for buying and 800,000 VND/tael for selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.48-85.98 million VND/tael (buy - sell); increased by 50,000 VND/tael for both buying and selling.
World gold price
As of 0:40 on December 12 (Vietnam time), the world gold price listed on Kitco was at 2,716.6 USD/ounce, up 23.3 USD/ounce compared to the opening of the previous trading session.
Gold Price Forecast
World gold prices increased despite the increase in the USD index. Recorded at 0:50 on December 12, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 106.360 points (up 0.26%).
The most important economic report this week was the US consumer price index (CPI) which rose 0.3% in November compared to a year earlier. The US Bureau of Labor Statistics said on Wednesday that the CPI rose 0.3% last month, following a 0.2% increase in October. The inflation data was in line with forecasts.
November CPI rose in line with market expectations, indicating that inflationary pressures are still present but not rising sharply. This may prompt the US Federal Reserve (FED) to maintain its current monetary policy without immediately adjusting interest rates sharply. This slightly supports gold prices due to the reduction of pressure from the USD and interest rate expectations.
In overnight news, China's yuan weakened after reports that the country's monetary authorities are considering allowing the currency to depreciate to counter the threat of a trade war with the United States.
A weakening yuan could drag down other Asian currencies, adding to uncertainty in financial markets. As a result, gold has become a safer investment option.
Major outside markets today saw Nymex crude oil futures rise and trade around $69.50 a barrel. The yield on the 10-year US Treasury note is currently around 4.2%.
Technically, the February gold futures market is showing a clear advantage to the buyers. The next target is to break above the resistance level of $2,826.30/oz. Conversely, the sellers will look to push the price below the support level of $2,650/oz.
See more news related to gold prices HERE...
