SJC gold bar price
As of 6:00 a.m. on November 14, the price of SJC gold bars was listed by DOJI Group at 152-154 million VND/tael (buy in - sell out), an increase of 2.5 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
The price of SJC gold bars was listed by Bao Tin Minh Chau at 153-154.5 million VND/tael (buy - sell), an increase of 3 million VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 151.5-154.5 million VND/tael (buy - sell), an increase of 3 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 a.m. on November 14, DOJI Group listed the price of gold rings at 150.5-153.5 million VND/tael (buy - sell), an increase of 2.5 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 151.5-154.5 million VND/tael (buy - sell), an increase of 2.7 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 151.2-154.2 million VND/tael (buy - sell), an increase of 3 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
The high buying and selling distance increases the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
The world gold price was listed at 11:38 p.m. on November 13 (Vietnam time) at 4,207.6 USD/ounce, up 24.8 USD compared to a day ago.
Gold price forecast
Concerns about the independence of the Federal Reserve continue to be a factor that has kept gold prices at record highs, and according to some experts, legal developments around the position of Fed Governor Lisa Cook could create significant fluctuations in the market.
The US House of Representatives has announced that it will hold a hearing on January 21 to consider the president's authority to dismiss a member of the Fed Board of Governors. This issue arose from a legal dispute over Lisa Cook's position. Cook has not yet been prosecuted for civil or criminal liability in connection with the allegations.
In the context of the FED operating a cautious monetary policy, analysts believe that any change related to the central bank's leadership apparatus could impact market expectations about interest rates.
In a report released on Wednesday, Ms. Rhona O'Connell - Director of Market Analysis at StoneX, said that the gold market will closely monitor this legal process:
If the results raise concerns about the Feds independence, gold prices could receive an increase of around $500. Conversely, if the stability of this agency is consolidated, the upward pressure on prices may decrease" - she said.
She also noted that the US dollar's movements will be an important complementary factor.
Mr. Jigar Trivedi - senior analyst at Reliance Securities, said: "Gold is extending its upward streak thanks to a weaker USD, expectations of the FED cutting interest rates and persistent buying by central banks.
Although prices may move sideways in the short term after a rapid increase, the general outlook is still positive. Gold prices could surpass $4,300 an ounce by the end of the year, as long as real yields remain low and monetary policy continues to ease."
According to a Reuters survey, 80% of economists predict the Fed will continue to cut interest rates by another 25 basis points next month to support the weakening labor market, up slightly compared to the survey results last month.
Technically, the next upside target for December gold futures buyers is to close above strong resistance at a record peak of $4,398/ounce.
The latest downside target for the bears is to push prices below the solid support level of $4,000. The first resistance level was at $4,250/ounce, then $4,300. The first support was at the bottom of the night at $4,183.2 an ounce and then $4,104.4 an ounce.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
