Gold price update morning of December 30: Falling more than 200 USD/ounce

Khương Duy |

Gold price update morning of December 30: World gold last night fell deeper than 200 USD/ounce.

SJC gold bar price

As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 156-158 million VND/tael (buying - selling), down 1.7 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 156-158 million VND/tael (buying - selling), down 1.7 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

Dien bien gia vang SJC nhung phien giao dich gan day. Bieu do: Khuong Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 155-158 million VND/tael (buying - selling), down 1.7 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Gia vang mieng SJC tai mot so don vi kinh doanh. Bang: Khuong Duy
SJC gold bar price at some business units. Table: Khuong Duy

9999 gold ring price

As of 6:00 AM, DOJI Group listed the price of gold rings at the threshold of 154-157 million VND/tael (buying - selling), down 1 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 155.5-158.5 million VND/tael (buying - selling), down 1.4 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Dien bien gia vang nhan nhung phien giao dich gan day. Bieu do: Khuong Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Phu Quy Gold, Silver and Gemstone Group listed the price of gold rings at 154.5-157.5 million VND/tael (buying - selling), down 1 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

The high buying - selling gap increases the risk for individual investors. Individual investors, especially those with a "surfing" mentality, need to consider carefully before spending money.

Gia vang nhan tron tai mot so don vi kinh doanh. Bang: Khuong Duy
Price of plain gold rings at some business units. Table: Khuong Duy

World gold price

World gold price listed at 1:06 am at the threshold of 4,330.3 USD/ounce, down 202.7 USD/ounce.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Khuong Duy
World gold price movements in recent trading sessions. Chart: Khuong Duy

Gold price forecast

Gold and silver markets fell sharply, recording one of the largest price drops ever. Strong profit-taking activity along with short-term futures traders completing their buying positions are prominent factors in today's session.

Silver hit a record high of 82.67 USD on the night, according to Comex futures in March. Meanwhile, February gold futures hit a historic peak of 4,584 USD on Friday. As of the nearest time, February gold fell 70.4 USD to 4,482.6 USD. March silver fell 2,331 USD, to 74.8 USD.

Up to now, today's price decreases are considered a correction in the upward trends that are still existing. Although some short-term technical damage appears on the charts of both metals, the level is not serious.

However, if strong selling pressure continues on Tuesday or Wednesday, this is likely to cause clearer technical damage, thereby showing that short-term peaks may have formed.

Conversely, if gold and silver prices rebound strongly in the next few days, then today's bottoms will be considered the latest "adjustment bottoms" in the current upward trend. In other words, the trading dien bien in the next two days of gold and silver will be particularly important in determining the direction of prices in the coming weeks.

Key external markets today showed a slight increase in the US dollar index. Crude oil prices rose, trading around 59.25 USD/barrel. The benchmark US Treasury bond yield for 10-year terms is currently at 4.118%.

Gold price data is compared to the previous day.

The world gold market operates through two main valuation mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.

Second is the futures contract market, where prices are set for futures delivery. Due to year-end book closing activities, December gold contracts are currently the most actively traded on CME.

See more news related to gold prices HERE...

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