Gold price today 2.11: Loss of up to 6.8 million VND/tael after a week

SJC gold bar price

At the end of the trading session of the week, Saigon Jewelry Company SJC listed the price of SJC gold at 146.4-148.4 million VND/tael (buy in - sell out).

Compared to the closing price of the previous trading session (October 26, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC decreased by 600,000 VND/tael in both directions. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 146.9-148.4 million VND/tael (buy in - sell out).

Compared to a week ago, the price of SJC gold bars was reduced by 1.3 million VND/tael for buying and 600,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 1.5 million VND/tael.

If buying SJC gold at Saigon Jewelry Company SJC and Bao Tin Minh Chau in the session of October 26 and selling it in today's session (November 2), buyers will lose VND 2.8 million and VND 2.3 million/tael, respectively.

9999 gold ring price

Bao Tin Minh Chau listed the price of gold rings at 146.2-149.2 million VND/tael (buy - sell); down 3.8 million VND/tael in both directions. The difference between buying and selling is at 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 145.4-148.4 million VND/tael (buy - sell), down 800,000 VND/tael in both directions compared to a week ago. The difference between buying and selling is 3 million VND/tael.

If buying gold rings in the session of October 26 and selling in today's session (November 2), buyers at Bao Tin Minh Chau will lose 6.8 million VND/tael. Meanwhile, the loss when buying in Phu Quy was 3.8 million VND/tael.

World gold price

At the end of the trading session of the week, the world gold price was listed at 4,001.1 USD/ounce, down 110.1 USD compared to a week ago.

Gold price forecast

The latest weekly gold survey by an international financial information platform shows that industry experts are in a rare state of neutrality and balance.

This week, 14 analysts participated in the Kitco News survey. Wall Street generally maintains a neutral stance after the fluctuations in precious metal prices narrowed. Of these, 3 experts (equivalent to 21%) predict gold prices will increase next week, 3 others (21%) predict prices will decrease, while the remaining 8 people (57%) believe that gold will continue to fluctuate sideways within a narrow range.

Philip Streible - chief strategist at Blue Line Futures - commented that gold still has room for increase in the short term, but it needs to surpass the 4,175 USD/ounce threshold to regain a clear uptrend.

Weaker data next week could reflect a weakening labor market, forcing the Fed to continue policy easing despite Powells caution. This could create a driver for gold prices," Streible said.

Meanwhile, Ole Hansen - Director of Commodity Strategy at Saxo Bank - said that the current selling pressure does not change the long-term outlook for gold. However, he predicted that prices will continue to accumulate sideways.

The previous accumulation period lasted four months, so if prices set a new record before the end of the year, it would be surprising.

Mr. Powell is cautious because the situation is unpredictable, while the US-China trade deal has not actually solved the core problem. Therefore, patience is the right strategy at this time" - he commented.

Bridgewater Associates founder billionaire Ray Dalio said that gold is not just a speculative asset but a platform currency - a currency that has truly held its value throughout history.

According to him, investors should hold between 5% and 15% of their portfolios in gold and even more during wartime or when the legal precedent is depreciated.

There is no denying that gold is money and is the type of money that is at the risk of being depreciated or having its value confiscated the most, Dalio wrote in a post on Thursday.

Economic data to watch next week

Although the US government is still in a state of closure after a month, next week will still see a series of notable economic reports released.

On Monday, the Institute for Supply Management (ISM) will release the manufacturing PMI, followed by the service PMI on Wednesday, along with private sector employment data provided by ADP.

The Bank of England (BoE) will make a decision on monetary policy on Thursday morning, and the working week will end with a preliminary survey on consumer confidence by the University of Michigan, released on Friday.