Gold price update morning 2.12: Experts make surprising predictions

Khương Duy |

Gold price update morning 12/2: Although most experts still maintain an optimistic sentiment about gold, this trend has declined.

Update SJC gold price

As of 6:00 a.m., the price of SJC gold bars was listed by DOJI Group at 83.3-85.8 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.

The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.

Cap nhat gia vang SJC dau phien hom nay.
Update SJC gold price at the beginning of today's session.
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

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 83.3-85.8 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2.5 million VND/tael.

Bao Tin Minh Chau listed SJC gold price at 83.3-85.8 million VND/tael (buy - sell), unchanged.

Compared to the beginning of the previous trading session, gold prices at Bao Tin Minh Chau remained unchanged in both buying and selling directions.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.5 million VND/tael.

The difference between buying and selling gold prices is listed at around 2 million VND/tael. Although it has decreased compared to the previous trading session, this difference is still very high.

This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make profits, especially in the short term.

Price of round gold ring 9999

As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 gold rings at DOJI is listed at 83.5-84.5 million VND/tael (buy - sell), remaining unchanged in both buying and selling directions compared to the beginning 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 83.68-84.78 million VND/tael (buy - sell); unchanged in both buying and selling directions.

World gold price

As of 6:00 a.m. on December 2 (Vietnam time), the world gold price listed on Kitco was at 2,650.3 USD/ounce, unchanged from 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 fell despite the decline in the USD index. Recorded at 6:00 a.m. on December 2, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.830 points (down 0.21%).

The latest Kitco News survey shows that industry experts are almost evenly split between bullish and wait-and-see, while retail investor sentiment has also softened compared to last week.

Of the 14 analysts surveyed by Kitco News, six, or 43%, see gold prices rising this week. Seven, or 50%, see prices moving sideways. Only one, or 7%, sees prices falling.

199 votes were cast in Kitco’s online poll. Ninety-six traders, or 48 percent, expect gold prices to rise this week, while 61, or 31 percent, expect prices to fall. The remaining 42 investors, or 21 percent, expect prices to trade sideways in the short term.

This week, US non-farm payrolls data will attract a lot of attention. The JOLTS employment report on Tuesday, ADP data on Wednesday, and the non-farm payrolls report on Friday will be important indicators.

In addition, Fed Chairman Jerome Powell's speech at the New York Times DealBook Summit on Wednesday will also be closely watched before entering the Fed's "silent" period.

Gold remains a buying opportunity at current levels, with an initial price target of $2,700 an ounce by December 11, according to experts at CPM Group.

See more news related to gold prices HERE...

Khương Duy
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