SJC gold bar price
As of 6:00 a.m., DOJI Group listed the price of SJC gold bars at 153.2-155.2 million VND/tael (buy - sell), an increase of 300,000 VND/tael for buying and an increase of 700,000 VND/tael for selling. 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 153.7-155.2 million VND/tael (buy - sell), an increase of 300,000 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 152.2-155.2 million VND/tael (buy in - sell out), an increase of 300,000 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 151.2-154.2 million VND/tael (buy - sell), an increase of 200,000 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 152-155 million VND/tael (buy - sell), an increase of 500,000 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 500,000 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 a.m., at 4,230.5 USD/ounce.
Gold price forecast
World gold prices increased as safe-haven demand appeared as the market entered the new week and month, amid the global bond market fluctuating originating from Japan.
The global stock market mainly fell overnight. US stock indexes are expected to open sharply down when the trading session in New York begins. Concerns about the Japanese bond market make traders and investors cautious as they enter the new week and month.
The precious metals market received support when the latest data showed that the US manufacturing sector weakened last month. The Institute for Supply Management (ISM) announced on Monday that the manufacturing purchasing managers' index (PMI) fell to 48.2 in November, from 48.7 in October. This was lower than expected, as economists expected 48.6.
Ms. Susan Spence - Chairwoman of ISM's Business survey committee said: "In November, US manufacturing activity declined more rapidly, with a decline in supplier delivery speeds, new orders and employment leading to a 0.5 percentage point decrease in the Manufacturing PMI. Following the recent trend, the improvement of the index last month was reflected in another index this month.
After new orders increased in August, output improved in September. The outstanding order index improved in October has shifted to support the production index, which had expanded in November (due to decline). However, both the new orders and employment indexes fell by 2 percentage points, indicating continued economic uncertainty."
Technically, the next target for buyers on February gold contracts is to close above the strong resistance level at a record $4,433/ounce. The target for the sellers is to pull the price below the solid support zone at 4,000 USD/ounce.
The first resistance level was at 4,300 USD/ounce, then 4,350.00 USD/ounce. The first support level was at the night bottom of $4,241.1 an ounce, followed by $4,200 an ounce.
Key outside markets today saw the US dollar index fall. Crude oil prices increased slightly around 69.25 USD/barrel. The yield on the 10-year US Treasury note is currently at 4.04%.
Note: Gold price data is compared to a day earlier.
The world gold market operates through two main valuation mechanisms. The first is the spot delivery market, where prices are quoted for transactions and spot deliveries.
Second is the futures contract market, which sets prices for future deliveries. Due to year-end book-taking activities, December gold contracts are currently the most actively traded on CME.
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