Gold price update morning 11/9: Potential risk of loss

Khương Duy |

Gold price update on the morning of November 9: The difference between buying and selling gold is at a very high level, causing investors to face the risk of losses.

SJC gold bar price

As of 6:00 a.m. on November 9, the price of SJC gold bars listed by DOJI Group was at 82-86 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at DOJI increased by 1 million VND/tael for buying and increased by 500,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold at DOJI Group is at 4 million VND/tael.

Gia vang mieng SJC dau gio sang 9.11. Don vi: Trieu dong/luong
Price of SJC gold bars early morning 9.11. Unit: Million VND/tael
Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Khuong Duy
Price movements of SJC gold bars in recent sessions. Chart: Khuong Duy

Saigon Jewelry Company SJC listed the price of SJC gold at 82-86 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 1 million VND/tael for buying and increased by 500,000 VND/tael for selling. The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC is at 4 million VND/tael.

Bao Tin Minh Chau listed SJC gold price at 82.3-86 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau increased by 1.3 million VND/tael for buying and increased by 500,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 3.7 million VND/tael.

Currently, the difference between the buying and selling price of gold is listed at around 4 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 9, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 83.35-85.15 million VND/tael (buy - sell), an increase of 2.35 million VND/tael for buying and 1.35 million VND/tael for selling compared to the beginning of the previous trading session.

Dien bien gia vang nhan nhung thang gan day. Bieu do: Khuong Duy
Gold ring price developments in recent months. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at 83.32-85.12 million VND/tael (buy - sell); an increase of 2.04 million VND/tael for buying and 1.04 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. Domestic investors can refer to the world gold price before investing or taking profits.

World gold price

As of 11:00 p.m. on November 8 (Vietnam time), the world gold price listed on Kitco recovered to 2,687.6 USD/ounce, down 8.7 USD/ounce compared to the beginning of the previous trading session.

Dien bien gia vang the gioi. Nguon: Kitco
World gold price developments. Source: Kitco

Gold Price Forecast

World gold prices fell amid an increase in the USD index. Recorded at 11:00 p.m. on November 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 104.612 points (up 0.23%).

According to Kitco - the world gold recovery was interrupted after the latest US economic data showed improved consumer optimism.

The University of Michigan said Friday that its preliminary survey of consumer sentiment rose to 73 in November. That was the highest level in seven months and up from October's final reading of 70.5. The data was better than expected, as economists had predicted a smaller increase of just 71.

Kitco senior analyst Jim Wyckoff said the gold market reacted very little to the Federal Open Market Committee (FOMC) of the US Federal Reserve (FED) cutting the main interest rate by 0.25% on Thursday afternoon.

Key outside markets today saw Nymex crude futures lower, trading around $71.50 a barrel. The benchmark 10-year US Treasury yield is currently at 4.308%.

See more news related to gold prices HERE...

Khương Duy
TIN LIÊN QUAN

Update on the closing price of gold on November 8: Reversal, massive buying

|

Update on the closing price of gold on November 8, the price reversed and recovered in both domestic and international markets. Domestically, investors rushed to buy.

Gold price reverses, people continue to buy despite difficulties

|

Today (November 8), domestic gold prices reversed and increased. At many stores on Cau Giay Street (Hanoi), many people are still looking for buying opportunities.

Gold price today 11/8: Reversal and recovery

|

Gold prices today, November 8, reversed and recovered in both domestic and world markets after yesterday's plunge.

Fierce street fighting in strategic eastern Ukraine city

|

Russia says street fighting has begun in strategic eastern Ukraine city.

Many people continue to hunt to buy as gold prices continue to decline

|

Today (November 11), the domestic gold price was adjusted down. In Hanoi, many people continued to queue for hours to get gold purchase vouchers.

Parents entered the school to "disperse" the student's vehicle that violated the law

|

Hanoi - When the authorities inspected the school's parking lot, some students called their parents to come to school to get their cars back to avoid being fined.

Live volleyball Binh Thong tin 2-1 LPB Ninh Binh: Set 4

|

Live volleyball of the Information Corps and LPB Ninh Binh, phase 2 of the 2024 national championship, taking place at 5:00 p.m. on November 11.

Deputy Prime Minister Ho Duc Phoc: Will continue to deal with zero-dong banks

|

Deputy Prime Minister Ho Duc Phoc said that two zero-dong banks have been dealt with and that he is preparing to deal with other zero-dong banks.

Update on the closing price of gold on November 8: Reversal, massive buying

Khương Duy |

Update on the closing price of gold on November 8, the price reversed and recovered in both domestic and international markets. Domestically, investors rushed to buy.

Gold price reverses, people continue to buy despite difficulties

Phương Anh - Lệ Hà |

Today (November 8), domestic gold prices reversed and increased. At many stores on Cau Giay Street (Hanoi), many people are still looking for buying opportunities.

Gold price today 11/8: Reversal and recovery

Khương Duy |

Gold prices today, November 8, reversed and recovered in both domestic and world markets after yesterday's plunge.