Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by DOJI Group at 83-85.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 300,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 83-85.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 300,000 VND/tael for both buying and selling.
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 83-85.5 million VND/tael (buy - sell), unchanged.
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 200,000 VND/tael for both buying and selling.
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 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.9-84.9 million VND/tael (buy - sell), an increase of 1.6 million VND/tael for buying and an increase of 1.5 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 82.98-84.98 million VND/tael (buy - sell); increased by 750,000 VND/tael for buying and increased by 550,000 VND/tael for selling.
World gold price
As of 0:45 on November 28 (Vietnam time), the world gold price listed on Kitco was at 2,639.4 USD/ounce, up 7.9 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices recovered amid a sharp decline in the USD index. Recorded at 0:45 on November 28, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105,890 points (down 1%).
Gold prices are being strongly affected by geopolitical developments and new moves from the US Federal Reserve (FED). The minutes of the FED's November meeting have just been released, providing important information about the agency's economic outlook.
Fed officials expressed growing confidence in the direction of the economy, particularly inflation and the labor market. The minutes showed policymakers believed inflation was moving closer to the Fed's 2 percent target and assessed the current labor market as strong.
These observations have important implications for monetary policy. The Federal Open Market Committee (FOMC) voted unanimously to cut its benchmark interest rate by another quarter of a percentage point, bringing the target range down to 4.5%-4.75%.
Market expectations remain divided on the likelihood of future rate cuts, with the CME FedWatch tool showing a 63.1% chance of another rate cut at the December meeting.
The economic landscape is further complicated by potential policy changes from the new administration. President-elect Donald Trump’s proposed economic strategies, including imposing significant tariffs on imports from Canada, Mexico and China, are drawing the attention of financial analysts.
Neils Christensen - analyst at Kitco News - commented that the precious metal is reacting to geopolitical uncertainties related to the upcoming administration of President-elect Donald Trump.
In a recent interview with Kitco News, WisdomTree's head of commodity and macroeconomic research, Nitesh Shah, also predicted that gold prices will rise in 2025 and reach $2,850 an ounce by the fourth quarter of next year.
Darin Newsom from Barchart said that the world gold price may have some short-term corrections. However, in the long term, Newsom believes that gold will continue to increase in price.
See more news related to gold prices HERE...
