SJC gold bar price
As of 6:00 a.m. on November 8, the price of SJC gold bars listed by DOJI Group was at 81-85.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI decreased by 6 million VND/tael for buying and 3.5 million VND/tael for selling. The difference between the buying and selling prices of SJC gold at DOJI Group is at 4.5 million VND/tael.
Saigon Jewelry Company SJC listed the price of SJC gold at 81-85.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 6 million VND/tael for buying and 3.5 million VND/tael for selling. The difference between the buying and selling price of SJC gold at DOJI Group is at 4.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 81-85.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau decreased by 6 million VND/tael for buying and 3.5 million VND/tael for selling. The difference between the buying and selling price of SJC gold at DOJI Group is at 4.5 million VND/tael.
Currently, the difference between the buying and selling price of gold 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 8, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 81-83.8 million VND/tael (buy - sell), down 6.3 million VND/tael for buying and down 4.6 million VND/tael for selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 81.28-84.08 million VND/tael (buy - sell); down 6.05 million VND/tael for buying and down 4.35 million 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 the world gold price recovering, domestic plain gold rings may reverse and increase in today's trading session.
World gold price
As of 1:15 a.m. on November 8 (Vietnam time), the world gold price listed on Kitco recovered to 2,696.3 USD/ounce, up 32.9 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices recovered amid a decline in the USD index. Recorded at 1:15 a.m. on November 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.272 points (down 0.68%).
According to Kitco - world gold prices reversed and increased sharply as investors increased their purchases while the price of precious metals fell sharply.
The US Federal Reserve (FED) FOMC meeting on Thursday afternoon (local time). Kitco senior analyst Jim Wyckoff said the FED FOMC meeting on Wednesday and ending on Thursday afternoon was overshadowed by the US election.
The Fed is now widely expected to cut its key interest rate to 0.25%. The Bank of England met today and cut its key interest rate to 0.25% as expected. Sweden's Riksbank also cut its key interest rate by half a point.
In addition to the sharp decline in the US dollar index, falling Treasury yields and rising crude oil prices have also helped the precious metal recover. Gold in December rose $30.3 to $2,706.7 an ounce.
Technically, December gold futures bulls still have the overall near-term technical advantage. They regained some ground today.
The next upside price objective for the bulls is to create a close above $2,801.80/oz. The next near-term downside price objective for the bears is to push futures prices below $2,618.80/oz.
See more news related to gold prices HERE...
