SJC gold bar price
As of 6:00 a.m., DOJI Group listed the price of SJC gold bars at VND152.2-154.2 million/tael (buy in - sell out), an increase of VND800,000/tael in both directions. 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 152.7-154.2 million VND/tael (buy - sell), an increase of 800,000 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 151.2-154.2 million VND/tael (buy - sell), an increase of 300,000 VND/tael for buying and an increase of 800,000 VND/tael for selling. 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 149.8-152.8 million VND/tael (buy in - sell out), an increase of 400,000 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 150.3-153.3 million VND/tael (buy - sell), an increase of 300,000 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 150-153 million VND/tael (buy - sell), an increase of 300,000 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 5:45 a.m. at 4,218.4 USD/ounce, up sharply by 62.6 USD/ounce.
Gold price forecast
World gold prices increased sharply last night in the context of a more positive short-term technical outlook. Gold for February delivery increased by 29.6 USD, to 4,231.9 USD/ounce.
CME Group's data center is overheating, causing futures contracts to be suspended and disrupting the global market, while pushing up demand for gold and silver as a safe haven in the short term.
Trading in futures and options on the Chicago Commodity Exchange was delayed overnight and early in the day due to a data center error, leading to hours of interruption in the stock, foreign exchange, bond and commodity markets.
According to Bloomberg, the incident arose from a cooling system failure at a data center in the Chicago area, managed by operator CyrusOne. The engineers have restarted many air conditioners and brought temporary cooling equipment. CNBC said that the entire futures contract market of CME Group is about to reopen.
This interruption lasted longer than the incident of a few hours of trading suspension in 2019 due to a technical error, showing the wide impact of CME Group and the Globex electronic trading platform. The market paralyzed many traders because there was a risk of losing the whole session. It felt like flying and losing contact, said Thomas Helaine, head of stock trading at ICAP Europe in Paris. For stock traders like us, US futures tell us where the market will go before opening. I can only imagine how messy the derivatives trade will be," he told Bloomberg.
Russian President Vladimir Putin said there was no final draft of the peace plan. Putin said on Thursday that President Trump's proposals to end the war in Ukraine could serve as a basis for future agreements.
Nymex crude oil prices are on track for the fourth consecutive month of decline as OPEC+ meets this weekend. Oil prices are heading for a fourth month of decline on the last trading day of November, as traders await an OPEC+ meeting and assess the impact of the possibility of reaching a peace agreement with Ukraine on the supply- abundant market. Brent oil held above 63 USD/barrel after a slight increase on Thursday. Nymex crude oil is trading around 59 USD/barrel.
In outside markets, the USD index increased. Crude oil prices are more stable and trading around $59/barrel. The yield on the 10-year US Treasury note was at 4.00%.
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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