Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by DOJI Group at 83.3-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 400,000 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 83.3-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 400,000 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 83.3-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 400,000 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 83.8-84.8 million VND/tael (buy - sell), an increase of 300,000 VND/tael for buying and an increase of 100,000 VND/tael for selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.68-84.78 million VND/tael (buy - sell); increased by 300,000 VND/tael for buying and increased by 50,000 VND/tael for selling.
World gold price
As of 0:00 on November 30 (Vietnam time), the world gold price listed on Kitco was at 2,661.9 USD/ounce, up 24.3 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices recovered amid a weakening USD index. Recorded at 0:00 on November 30, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.055 points.
Gold prices edged higher on safe-haven demand as geopolitical concerns remained a major concern in the market, according to Kitco.
AP reported that on November 27, Russia launched a large-scale missile and drone attack on Ukraine’s energy infrastructure, raising concerns that Russia is planning to destroy Ukraine’s power supply system before winter arrives.
“Attacks on energy facilities are taking place across Ukraine,” Ukrainian Energy Minister Herman Halushchenko wrote on Facebook, adding that emergency power cuts were being carried out across the country.
According to Reuters, the administration of US President Joe Biden is preparing a $725 million arms aid package for Ukraine. This is considered one of Mr. Biden's last efforts to strengthen Ukraine's military potential before leaving the White House in January next year.
In another development, Russian President Vladimir Putin warned of the possibility of attacking "decision-making centers" in the Ukrainian capital Kyiv with new ballistic missiles.
RT reported that on November 29, Russian Defense Minister Andrey Belousov held talks with North Korean Defense Minister No Kwang-chol, focusing on implementing the Comprehensive Strategic Partnership Treaty that Russia and North Korea signed this year.
The news "raises concerns about deepening military cooperation between Pyongyang and Moscow," according to a Bloomberg report.
A weaker USD index and falling US Treasury yields this week also supported investors staying in the precious metals market.
Today, the last trading day of the month, is typically one of the lowest-volume trading days of the year, as many U.S. investors are still on Thanksgiving holiday Thursday. U.S. stock markets will close early. The S&P 500 is on track for its best month since February. Meanwhile, Chinese stocks rose sharply as traders look forward to economic support measures at a key economic and monetary policy meeting in December.
Overseas markets today saw crude oil prices steady around $68.75 a barrel. The yield on the 10-year US Treasury note is currently at 4.209%.
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