SJC gold bar price
As of 6:00 a.m., DOJI Group listed the price of SJC gold bars at 149-151 million VND/tael (buy - sell), down 2.2 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 149-151 million VND/tael (buy - sell), down 2.2 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 148-151 million VND/tael (buy - sell), down 2.2 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., DOJI Group listed the price of gold rings at 146.9-149.9 million VND/tael (buy - sell), down 2.6 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 147.8-150.8 million VND/tael (buy - sell), down 2.2 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 147.5-150.5 million VND/tael (buy - sell), down 2.2 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 6:00 (Vietnam time) at 4,080.7 USD/ounce, up 5 USD compared to a day ago.
Gold price forecast
Gold and silver have had a remarkable reversal this week, going against common expectations and bringing outstanding profits to investors in the opposite direction of the crowd.
While the majority of investors have almost eliminated gold's short-term prospects - predicting a sideways range of $4,000 - $4,200/ounce by the end of the year, both metals have unexpectedly broken out for three consecutive days from Monday to Wednesday.
This increase will change direction to Thursday with the first red candle of the week, followed by a sharp decline on Friday. Despite the decline in the two weekends, gold still closed the week in green.
Friday's reversal came after Federal Reserve officials made "hawlish" comments, undermining expectations for a rate cut in December.
Inflation concerns and less positive signals from the labor market make the outlook unpredictable, with the CME FedWatch tool now showing only a 49% chance of a 0.25 percentage point cut in December - a big change from almost absolute optimism at the beginning of the week. If it happens, it will be the third cut this year.
An important factor that caused gold prices to fall on Friday was the resumption of US government operations after 43 days of closure, which disrupted the release of economic data. The latest employment data shows that the labor market is deteriorating.
According to Ricardo Evangelista - senior analyst at ActivTrades: "Gold prices are being supported by the cautious sentiment covering financial markets... however, the room for growth is still limited by growing doubts about the possibility of the FED cutting interest rates in December, especially when there is a lack of new economic data".
Notable US economic data next week
Monday: Empire State Production Survey.
Wednesday: Minutes of the Federal Open Market Committee (FOMC) meeting.
Thursday: Philly FED Production Survey, Weekly Unemployment claims, existing home sales.
Friday: S&P's preliminary PMI, University of Michigan Consumer Confidence Index.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
