Update SJC gold price
As of 9:15 a.m., the price of SJC gold bars was listed by DOJI Group at 82-85.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI remained the same for buying and decreased by 300,000 VND/tael for selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 3.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 82-85.5 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 the buying price and decreased by 300,000 VND/tael in the selling price.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 82.2-85.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau decreased by 100,000 VND/tael for buying and decreased by 300,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 3.3 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 round gold ring price
As of 9:15 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.35-85.15 million VND/tael (buy - sell); unchanged in both directions compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 83.42-85.12 million VND/tael (buy - sell), an increase of 100,000 VND/tael for buying and unchanged for selling compared to early this morning.
World gold price
As of 9:15 a.m., the world gold price listed on Kitco was at 2,674.9 USD/ounce, down 9.5 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell as the USD index held high. Recorded at 9:15 a.m. on November 11, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104,880 points.
After a wild week of price action, the outlook for gold in the short term is less optimistic. Fourteen analysts participated in the Kitco News gold survey. Only three experts expect gold prices to rise this week. Nine analysts predict the precious metal will fall. The remaining two analysts see gold prices moving sideways.
“While the market will see renewed interest in long-term hedging from investors, December gold futures have not yet ended their short-term downtrend, which opens the door for fresh selling early this week,” said Darin Newsom, senior market analyst at Barchart.com.
Agreeing, David Morrison, senior market analyst at Trade Nation, said the technical picture suggests gold prices will continue to fall.
“Gold fell sharply on Wednesday as Donald Trump won the US election. Much of the sell-off can be blamed on the dollar, which surged on the news. Bond yields surged as investors worried that the tariffs and tax cuts promised by Trump would lead to a resurgence in inflation.”
On the other hand, James Stanley, senior market strategist at Forex, is in the optimistic minority. According to him, gold prices after the election look precarious, fluctuating around $2,650-2,700/ounce.
"Normally with this development, I am inclined to the downside, but given the strength of gold this year, I am not ready to reverse the forecast so I still maintain a bullish view," he said.
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