Gold price update morning of November 15: Hits two-month low

Khương Duy |

Gold price update on the morning of November 15 continued to decline. World gold hit a two-month low.

SJC gold bar price

As of 6:00 a.m. on November 15, the price of SJC gold bars listed by DOJI Group was at 80-83.5 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at DOJI decreased by 500,000 VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at DOJI Group is at 3.5 million VND/tael.

Gia vang mieng SJC dau gio sang 15.11. Don vi: Trieu dong/luong
Price of SJC gold bars early morning 11/15. Unit: Million VND/tael
Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Khuong Duy
Price movements of SJC gold bars in recent sessions. Chart: Khuong Duy

Saigon Jewelry Company SJC listed the price of SJC gold at 80-83.5 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 500,000 VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3.5 million VND/tael.

Bao Tin Minh Chau listed SJC gold price at 80-83.5 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau decreased by 700,000 VND/tael for buying and decreased by 500,000 VND/tael for selling.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 3.5 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 15, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 79.8-82.1 million VND/tael (buy - sell), down 1.3 million VND/tael for buying and down 1.1 million VND/tael for selling compared to the close of the previous trading session.

Dien bien gia vang nhan tron tron 9999 thoi gian gan day. Bieu do: Khuong Duy
Recent price developments of 9999 smooth round gold rings. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at 80.12-82.22 million VND/tael (buy - sell); down 1.06 million VND/tael for buying and down 960,000 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 9:30 p.m. on November 14 (Vietnam time), the world gold price listed on Kitco recovered to 2,563.4 USD/ounce, down 35.6 USD/ounce compared to the beginning of the previous trading session.

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

Gold Price Forecast

World gold prices recovered despite the high USD index. Recorded at 9:30 p.m. on November 14, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.514 points (up 0.13%).

Gold prices fell sharply and hit a two-month low, extending the slide amid better risk appetite, a stronger dollar and rising bond yields.

The key outside markets today saw the 10-year US Treasury yield currently at 4.461%. Nymex crude oil futures rose to trade around $69 a barrel. The oil market faces a surplus of more than 1 million barrels a day next year as Chinese demand continues to decline, the International Energy Agency (IEA) reported.

Gold's decline in the global market showed signs of slowing as the number of weekly US jobless claims fell. Better-than-expected labor market data was released after the number of Americans filing new claims for unemployment benefits was lower than economists forecast.

The U.S. Labor Department said Thursday that initial jobless claims rose to a seasonally adjusted 217,000 for the week ended Nov. 9. That was lower than expectations, as the consensus estimate forecast claims of 223,000.

See more news related to gold prices HERE...

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