Gold price update morning of November 29: Positive forecast despite decline

Khương Duy (Theo Kitco, Bloomberg) |

Gold price update morning 11/29: World gold is still falling. Experts still give very positive forecasts.

Update SJC gold price

As of 6:00 a.m., the price of SJC gold bars was listed by DOJI Group at 82.9-85.4 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at DOJI decreased by 100,000 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.

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 82.9-85.4 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 100,000 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 82.9-85.4 million VND/tael (buy - sell), unchanged.

Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau decreased by 100,000 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.

9999 round gold ring price

As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 gold rings at DOJI is listed at 83.5-84.7 million VND/tael (buy - sell), down 400,000 VND/tael for buying and down 200,000 VND/tael for selling 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 83.38-84.73 million VND/tael (buy - sell); increased by 400,000 VND/tael for buying and decreased by 250,000 VND/tael for selling.

World gold price

As of 2:35 a.m. on November 29 (Vietnam time), the world gold price listed on Kitco was at 2,637.6 USD/ounce, down 1.8 USD/ounce compared to 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 slightly amid an increase in the USD index. Recorded at 2:35 a.m. on November 29, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.890 points (up 0.09%).

Despite the decline in gold, many experts still have quite positive comments. The record increase in 2024 caused the gold price to reach the resistance level at 2,791 USD/ounce, then decreased to 2,540 USD/ounce.

Matthew Jones, a precious metals analyst at Solomon Global, said geopolitical tensions could push gold prices to $2,800 an ounce before Christmas.

According to Grace Peters - Head of Global Investment Strategy at JPMorgan, although inflation tends to increase again and new policies are being implemented, the US economic growth outlook in 2025 is still very positive. Grace Peters believes that investing in gold and infrastructure stocks will help reduce risks.

See more news related to gold prices HERE...

Khương Duy (Theo Kitco, Bloomberg)
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