SJC gold bar price
As of 6:00 a.m. on November 7, the price of SJC gold bars listed by DOJI Group was at 87-89 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions. The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Saigon Jewelry Company SJC listed the price of SJC gold at 87-89 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions. The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 87-89 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau remained unchanged in both buying and selling directions. The difference between the buying and selling price of SJC gold at Bao Tin Minh Chau was at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
As of 6:00 a.m. on November 7, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 87.3-88.4 million VND/tael (buy - sell), down 200,000 VND/tael for buying and down 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 87.33-88.43 million VND/tael (buy - sell); down 150,000 VND/tael for buying and down 50,000 VND/tael for selling compared to the beginning of the previous trading session.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. In the context of a sharp decline in world gold prices, domestic gold rings are facing the risk of falling as well.
World gold price
As of 1:09 a.m. on November 7 (Vietnam time), the world gold price listed on Kitco plummeted to 2,663.4 USD/ounce, down 82.1 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices plummeted amid a sharp increase in the USD index. Recorded at 1:08 a.m. on November 7, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.960 points (up 1.61%).
Kitco senior analyst Jim Wyckoff commented that the unexpected and decisive victory of Republican US presidential candidate Donald Trump has created a sharp decline in the precious metal market.
According to Kitco - the US presidential race is not as close as expected. A stronger USD index and higher US Treasury yields are bearish factors for gold.
The dollar index has jumped to its highest level since July. The yield on the benchmark 10-year US Treasury note is currently around 4.4%.
US Treasury yields and US stock indexes also rose sharply today, which is negative for the precious metal as a competing asset. The S&P 500 hit a record high today.
The other important outside market today saw Nymex crude oil futures rising and trading around $72.50/barrel.
Technically, December gold bulls still have the overall near-term technical advantage but it has weakened significantly. The bulls’ next upside price objective is to produce a close above $2,801.80 an ounce. The bears’ next near-term downside price objective is to push futures below $2,618.80 an ounce.
See more news related to gold prices HERE...
