Gold price today 12/21: Widening gap, risk of loss

Update SJC gold price

As of 9:30 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 81.8-83.8 million VND/tael (buy - sell).

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.

Meanwhile, the price of SJC gold bars is listed by DOJI Group at 82.4-84.4 million VND/tael (buy - sell).

The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.

Bao Tin Minh Chau listed SJC gold price at 82.4-84.4 million VND/tael (buy - sell).

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

Currently, the difference between buying and selling gold prices is listed at around 2.5 million VND/tael. Experts say this difference is still very high. The difference between buying and selling prices is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make a profit, especially 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 82.9-84.4 million VND/tael (buy - sell); an increase of 350,000 VND/tael for buying and an increase of 850,000 VND/tael for selling compared to early this morning.

Bao Tin Minh Chau listed the price of gold rings at 82.7-84.4 million VND/tael (buy - sell), an increase of 100,000 VND/tael for buying and 800,000 VND/tael for selling compared to early this morning.

The difference between buying and selling gold rings is widening, which increases the risk of loss for investors.

World gold price

As of 10:15 a.m., the world gold price listed on Kitco was at 2,623.6 USD/ounce, up 26.87 USD/ounce compared to the beginning of the previous trading session.

Gold Price Forecast

World gold prices recovered strongly as the USD fell. Recorded at 10:15 a.m. on December 21, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107.350 points (down 0.74%).

Gold prices rose after a U.S. inflation report showed a slightly lower-than-expected increase. Short-term futures traders also covered their losses after gold hit a four-week low on Thursday.

The just-released U.S. Personal Income and Spending Report for November showed that the PCE inflation index rose 2.4% year-over-year, while the PCE core inflation rose 2.8%. These figures were slightly lower than expected, and are data that Federal Reserve officials are paying close attention to.

Jim Wyckoff - senior analyst of Kitco commented that the gold market is in a state of unpredictable fluctuations.

For active traders, market “noise” is a major concern, causing rapid intraday dips and spikes. However, this trend could change by 2025, especially as key global geopolitical factors come to the fore.

The new US President Donald Trump will take office at the end of January 2025. Traders are still watching for his first policy and economic moves, especially in relations with China and the European Union surrounding the tariffs he has said.

Wyckoff said that Donald Trump may not be as tough on international partners as many feared. If true, this could provide a positive boost to the precious metals market, as better economic relations between the US and international partners could boost global economic growth and increase demand for metals.

For long-term investors, gold sentiment remains firmly bullish. The weekly and monthly charts show a steady uptrend with no signs of a major top in the short term. Wyckoff predicts that gold prices could surpass $3,000 an ounce and even higher in the next few years.

Notably, the current gold market is still in a boom cycle that began in 2022. The last downturn was from 2011 to 2015. To illustrate the cyclicality of raw material markets, Wyckoff looked at the price charts of lumber and cocoa, which have skyrocketed, nearly tripling in value in a matter of months, and he doesn’t rule out the possibility of similar breakouts in gold in the future.