Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 82.7-84.7 million VND/tael (buy - sell), unchanged.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Meanwhile, DOJI Group listed the price of SJC gold at 82.7-84.7 million VND/tael (buy - sell), unchanged.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 82.7-84.7 million VND/tael (buy - sell), unchanged in both directions.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around VND2 million/tael. Experts say that this difference is still very high, causing investors to face the risk of losing money when buying in the short term.
The difference between the buying and selling price 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 83.85-84.7 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of gold rings at 83.1-84.7 million VND/tael (buy - sell).
World gold price
As of 6:00 a.m. on December 30 (Vietnam time), the world gold price listed on Kitco was at 2,622 USD/ounce.
Gold Price Forecast
World gold prices are receiving some support as the USD slightly decreases. Recorded at 6:00 a.m. on December 30, the US Dollar Index measuring the greenback's fluctuations against 6 major currencies was at 107.790 points (down 0.13%).
Applications for continuing unemployment benefits rose to their highest level in a year last week. The data showed that while the number of Americans filing for unemployment benefits for the first time remained relatively stable, laid-off workers are struggling to find new jobs.
Jeffrey Roach, chief economist at LPL Financial, said the continued rise in unemployment claims shows the job market is slowing.
James Hyerczyk, market analyst at FX Empire, said that ongoing political conflicts in Israel, Russia and Ukraine continue to strengthen the appeal of gold as a safe haven asset. This geopolitical backdrop continues to give gold growth momentum.
At the same time, some analysts note that President-elect Donald Trump's recent comments expressing his desire to buy Greenland and control the Panama Canal have also increased geopolitical tensions and instability.
Hyerczyk said the key support level to watch this week will be $2,607 an ounce. He added that gold needs to break above $2,665 an ounce to regain bullish momentum. In the current environment, he noted that gold could still fall in the short term.
“The short-term outlook for gold remains bearish, with bond yields rising and the US dollar also strengthening,” he said.
This week, investors and experts will focus on important economic data from the US, as global markets prepare to enter the new year with many expectations and challenges.
Monday (December 30, 2024): The US pending home sales report is due out, a key gauge of the health of the housing market, which is facing pressure from high interest rates.
Wednesday (January 1, 2025): On the first day of the new year 2025, global financial markets will take a break from trading to welcome the new year.
Thursday (January 2, 2025): Weekly US jobless claims data is expected to provide a clearer view of the labor market - a key factor in the US Federal Reserve's (FED) policy decisions.
Friday (January 3, 2025): The ISM Manufacturing PMI, a key indicator of economic activity in the manufacturing sector, will be released. Analysts expect the index to reveal growth as well as challenges in the US manufacturing industry.
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