SJC gold bar price
As of 6:00 a.m. on November 13, the price of SJC gold bars listed by DOJI Group was at 80.5-84 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI decreased by 1.4 million VND/tael for both buying and selling. The difference between the buying and selling prices of SJC gold at DOJI Group is at 3.5 million VND/tael.
Saigon Jewelry Company SJC listed the price of SJC gold at 80.5-84 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 1.4 million VND/tael for both buying and selling. The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC is at 3.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 80.5-84 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau decreased by 1.6 million VND/tael for buying and 1.4 million VND/tael for selling. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 3.3 million VND/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 13, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 80.5-83.2 million VND/tael (buy - sell), down 2.65 million VND/tael for buying and down 1.75 million VND/tael for selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 80.52-83.12 million VND/tael (buy - sell); down 2.56 million VND/tael for buying and down 1.81 million 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 0:15 a.m. on November 13 (Vietnam time), the world gold price listed on Kitco recovered to 2,593.4 USD/ounce, down 29.6 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 0:15 on November 13, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.067 points (up 0.58%).
According to Kitco - the world gold price is at its lowest level in the past seven weeks. In addition to being pressured by the very strong USD, gold is also affected by rising US Treasury bond yields, reduced demand for metals from China and the current risk-off sentiment in the general market.
Gold for December delivery most recently fell $0.8 to $2,616.9 an ounce.
Asian and European stock indexes also mostly fell overnight, with Asian markets still feeling the negative impact as China’s recent economic stimulus measures have failed to meet market expectations.
China may provide more economic stimulus measures, boost manufacturing and allow the yuan to weaken, Bloomberg reported.
The key outside markets today saw Nymex crude futures prices slightly firmer, trading around $68.50 a barrel. OPEC has just lowered its global oil demand forecast. In addition, the benchmark 10-year US Treasury yield is currently at 4.361%.
The U.S. data point of the week is the consumer price index on Wednesday. The Federal Reserve will be watching the CPI closely for signs that consumer inflation is continuing its path toward 2%. The October CPI is forecast to have risen 2.6% year-on-year.
In addition to 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.
Technically, December gold bulls have lost the overall near-term technical advantage. Gold is trending lower.
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 $2,500/oz.
See more news related to gold prices HERE...
