Update SJC gold price
As of 9:15 a.m., DOJI Group listed the price of SJC gold bars at 80.6-84.1 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI decreased by 1.3 million VND/tael for both buying and 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 SJC listed the price of SJC gold at 80.6-84.1 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 1.3 million VND/tael for both buying and selling.
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 80.8-84.1 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau is 1.3 million VND/tael for both buying and 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 81.4-83.4 million VND/tael (buy - sell); down 1.95 million VND/tael for buying and down 1.75 million VND/tael for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 81.43-83.38 million VND/tael (buy - sell), down 1.99 million VND/tael for buying and down 1.74 million VND/tael for selling compared to early this morning.
World gold price
As of 8:33 a.m., the world gold price listed on Kitco was at 2,621.9 USD/ounce, down 53 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell as the USD index increased. Recorded at 8:33 a.m. on November 12, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.465 points (up 0.05%).
The rising USD puts pressure on gold as many investors believe that Donald Trump's election as US President will put pressure on the country's fiscal policy and interest rates.
Gold prices fell sharply and hit a four-week low amid technical selling pressure, according to Kitco. Many short-term futures traders took profits. Metals traders were also concerned about falling demand from China. The most recent December gold price fell $74.7 to $2,620.10 an ounce.
In a report last night, Bloomberg reported that hedge fund BlackRock and investment bank JPMorgan "are among the big names warning that the US bond sell-off may be far from over. Donald Trump's fiscal plans could reignite inflation and increase the budget deficit, while traders have cut bets on how deep the US Federal Reserve will cut interest rates," the report said.
According to IG market strategist Yeap Jun Rong, Donald Trump's election as president has reduced expectations that the US Federal Reserve will continue to cut interest rates in 2025.
“Overall, that could complicate the Fed’s fight against inflation and we can expect the Fed to be more cautious in its upcoming easing, which could limit gold prices,” said Mr. Rong.
"Market attention is focused on the impact of Donald Trump's proposed policies. Import tariffs are likely to increase early in his term and demand for the dollar is strengthening. For the first time in months, a strong dollar has weighed on gold prices, as it increases the probability that the Fed will slow the pace of monetary easing," said Daniel Ghali, commodity strategist at TD Securities.
The economic calendar for the week ahead is fairly bleak, especially compared to last week’s boom. The key economic news event to watch will be the US core CPI on Wednesday. The Federal Reserve is expected to be watching the CPI closely for signs that consumer inflation is continuing its path toward 2%.
Thursday's US PPI report, weekly jobless claims data and Friday morning's US retail sales release for October will also provide concrete data on Americans' purchasing power in the current high-cost environment.
See more news related to gold prices HERE...
