Update SJC gold price
As of 8:50 a.m., the price of SJC gold bars was listed by DOJI Group at 81.7-84.7 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 700,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 3 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 81.7-84.7 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 700,000 VND/tael for both buying and 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 prices at Bao Tin Minh Chau remained unchanged in both buying and selling directions.
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 8:56 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 82.7-83.7 million VND/tael (buy - sell); an increase of 1.3 million VND/tael for buying and an increase of 1 million VND/tael for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 82.23-83.68 million VND/tael (buy - sell), an increase of 750,000 VND/tael for buying and 500,000 VND/tael for selling compared to early this morning.
World gold price
As of 8:53 a.m., the world gold price listed on Kitco was at 2,615.9 USD/ounce, up 22 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 8:54 a.m. on November 19, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.130 points (down 0.02%).
According to Mr. Jim Wyckoff - senior analyst of Kitco, gold prices increased as investors stepped up their gold hunting activities after recent selling pressure.
IG market strategist Yeap Jun Rong said that gold prices will recover slightly after the recent sharp sell-off and he expects gold prices to move higher after several reversals in the US dollar.
“We can expect US policymakers in December, when the US Federal Reserve (FED) will move to keep interest rates unchanged in January. This has not been fully priced in by the market yet, so any correction could be a headwind for gold,” said Yeap Jun Rong.
Marc Chandler, CEO of Bannockburn Global Forex, noted that gold prices have fallen 4.5% in three weeks, the biggest drop in three years. However, the rate of decline has slowed and will soon recover as concerns about the US presidential election subside.
Marc Chandler said that gold will recover and could climb to $2,600-2,625/ounce before the end of the week. He said that if investors do not really need money, they should not sell at a loss because the possibility of gold prices recovering is very high.
Meanwhile, Mark Leibovit, an expert from VR Metals/Resource Letter, said that gold prices will fall to $2,300/ounce before rising again. However, he is still optimistic that in the future, gold can reach a record $3,700/ounce.
According to Alex Kuptsikevich - senior analyst at FxPro, the geopolitical crisis in the Middle East and the Russia - Ukraine conflict are still key factors helping gold prices increase again.
See more news related to gold prices HERE...
