Update SJC gold price
As of 9:30 a.m., the price of SJC gold bars was listed by DOJI Group at 81-84 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 1 million VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 3 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 81-84 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 buying and selling price of SJC gold at Saigon Jewelry Company is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 81.2-84 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 900,000 VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.8 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 3 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.
Price of round gold ring 9999
As of 9:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 81.4-82.7 million VND/tael (buy - sell); an increase of 400,000 VND/tael for buying and unchanged for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 81.48-83.18 million VND/tael (buy - sell), an increase of 700,000 VND/tael for buying and 500,000 VND/tael for selling compared to early this morning.
World gold price
As of 9:25 a.m., the world gold price listed on Kitco was at 2,593.9 USD/ounce, up 30.7 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices jumped strongly as the USD fell. Recorded at 9:30 a.m. on November 18, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.562 points (down 0.05%).
Commenting on the short-term price of gold, Darin Newsom - senior market analyst at Barchart.com expressed optimism: "The impact surrounding the most recent US presidential election may be coming to an end. Gold may find a new safe haven from investors to hedge against other market sectors, most notably stocks."
However, David Morrison, senior market analyst at Trade Nation, said that although the short-term technical picture has improved, it is still too early to call a bottom.
“Speculators will be hoping that the sell-off since Donald Trump’s victory in the US presidential election is over. But there is nothing to suggest that. Gold has fallen every day in the past week, taking the precious metal down more than 5% in just four days,” said David Morrison.
This week’s economic calendar focuses on the US housing sector. The market will receive data on US housing starts and building permits for October on Tuesday, MBA mortgage applications on Wednesday and October existing home sales on Thursday.
Other highlights include the Philly Federal Reserve manufacturing index on Thursday, with market participants watching to see if the Philadelphia region sees a strong increase in manufacturing activity like New York state.
See more news related to gold prices HERE...
