SJC gold bar price
As of 6:00 a.m. on November 20, the price of SJC gold bars listed by DOJI Group was at 82-85 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 1 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 3 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 82-85 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 1 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 83-85 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 1.8 million VND/tael for buying and increased by 1 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.
Currently, the difference between the buying and selling price of gold is listed at around 3 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 20, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 83.8-84.8 million VND/tael (buy - sell), an increase of 1.4 million VND/tael for buying and an increase of 1.1 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 83.88-84.78 million VND/tael (buy - sell); an increase of 1.85 million VND/tael for buying and an increase of 1.3 million VND/tael for selling.
According to Lao Dong reporters on November 19, many people continued to go to gold shops to wait to buy gold rings. However, buying plain round gold rings or SJC gold bars at this time is still difficult. Many shops only sell a small amount of gold rings each day and do not announce the selling time in advance. Meanwhile, most shops have stopped selling SJC gold bars.
World gold price
As of 11:40 p.m. on November 19 (Vietnam time), the world gold price listed on Kitco recovered to 2,623.7 USD/ounce, up 17.2 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased as the USD index decreased. Recorded at 23:40 on November 19, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.232 points.
According to Kitco, the world gold price increased sharply due to increased demand for safe havens. Kitco senior analyst - Mr. Jim Wyckoff commented that the buying activity took place when the geopolitical situation was heating up, promoting a stronger risk-off sentiment.
Ukraine has carried out its first attack on a border area in Russia using long-range missiles supplied by the West, reports say.
On November 17, the New York Times reported that US President Joe Biden had granted Ukraine permission to use ATACMS missiles to strike deep into Russian territory. However, the White House has yet to make an official statement.
RT reported that Russia has issued a stern warning to the US and its allies, stating that any use of long-range missiles by Ukraine to strike deep into Russian territory would mean direct involvement of Western powers in the conflict.
The statement by the Russian Foreign Ministry on the evening of November 18 (local time) was made in the context of unconfirmed information that US President Joe Biden allowed Kiev to use ATACMS missiles provided by the US to attack deep inside Russian territory.
Russian Foreign Ministry spokeswoman Maria Zakharova said any such move would "radically change the nature of the Ukrainian conflict".
European stocks fell and bond prices rose as the conflict escalated. Asian markets were mostly closed on the news. German 10-year bond yields fell to their lowest since October.
In the news last night, the Eurozone's consumer price index in October increased 2.0% compared to the same period last year, in line with market expectations.
The key outside markets today saw Nymex crude oil futures prices fall slightly to trade around $68.85 a barrel. The benchmark 10-year US Treasury note yield is currently at 4.359%.
Technically, December gold shorts have the slight overall near-term technical advantage. However, the bearish trend on the daily chart is now under threat.
See more news related to gold prices HERE...
