Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by DOJI Group at 84.6-86.6 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI decreased by 400,000 VND in both buying and selling directions.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 84.6-86.6 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 400,000 VND in both buying and selling directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 84.6-86.6 million VND/tael (buy - sell), unchanged.
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 400,000 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.
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 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 84.3-85.8 million VND/tael (buy - sell), down 1.3 million VND/tael for buying and down 800,000 VND/tael for selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 84.58-85.98 million VND/tael (buy - sell); down 1.05 million VND/tael for buying and down 600,000 VND/tael for selling.
World gold price
As of 0:15 on November 26 (Vietnam time), the world gold price listed on Kitco recovered to 2,630.1 USD/ounce, down 86.2 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices plummeted despite the decline in the USD index. Recorded at 0:15 on November 26, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 107.019 points (down 0.44%).
Gold prices fell 1% on Monday as investors took profits after a five-session rally to a three-week high, Reuters reported.
Gold’s five-session rally has been halted by profit-taking, said Yeap Jun Rong, market strategist at IG, adding that “Donald Trump’s pick of Scott Bessent as US Treasury Secretary, hints of a reduction in tariffs and easing of US-China trade concerns” have dampened demand for safe-haven assets.
Agreeing, UBS analyst Giovanni Staunovo said: "Two factors are weighing on gold, including profit-taking after last week's strong rally and the nomination of Scott Bessent as the next US Treasury Secretary. Some market participants believe he is less negative on the trade war."
“We are likely to see some profit-taking,” Renisha Chainani, head of research at Augmont - Gold For All, told Livemint. “Gold prices have corrected this week as prices have gone too high. The key support levels are the 50-day moving average at around $2,650 an ounce.”
Gold remains in an uptrend as long as prices remain above $2,550/oz. We are likely to see buying at lower levels if these support levels hold.”
Investors are awaiting the minutes of the US Federal Reserve's November FOMC meeting, GDP data (first revision) and core PCE indices, all scheduled for release this week.
"Markets are widely expecting the Fed to cut interest rates by 25 basis points at its next meeting on December 18, although traders have reduced bets on this outcome in recent days," Frank Watson, a market analyst at Kinesis Money, said in a note.
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