Update SJC gold price
As of 8:45 a.m., the price of SJC gold bars was listed by DOJI Group at 84.5-86.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 800,000 VND/tael for buying and increased by 300,000 VND/tael for selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 84.5-86.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by VND800,000/tael for buying and VND300,000/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 84-86.2 million VND/tael (buy - sell), unchanged.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.2 million VND/tael.
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 1 million VND/tael for buying and increased by 1.2 million VND/tael for selling.
Currently, the difference between buying and selling gold prices is listed at around 2-2.2 million VND/tael. Although it has decreased compared to the previous trading session, this difference is still very high.
This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make profits, especially in the short term.
9999 round gold ring price
As of 8:55 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 85-86 million VND/tael (buy - sell); an increase of 400,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 84.83-85.78 million VND/tael (buy - sell), an increase of 500,000 VND/tael for both buying and selling compared to early this morning.
World gold price
As of 8:50 a.m., the world gold price listed on Kitco was at 2,677.9 USD/ounce, up 24.4 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 8:50 a.m. on November 22, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.984 points (down 0.04%).
Gold prices rose due to soaring demand for bargains amid rising tensions between Russia and Ukraine. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after taking office on January 20.
Investors are also focused on a number of Federal Reserve officials scheduled to speak this week. Market expectations for a December rate cut have fallen sharply, with the odds now at 55.7%, down from 82.5% just a week ago.
Lisa Cook, a member of the Fed Board of Governors, said that inflation in the country continues to decline, with wages and the job market "cooling down", and rising prices mainly in the housing sector. With this trend, the Fed's continued interest rate cuts are still considered appropriate. However, she did not confirm the possibility of the Fed cutting interest rates at its next meeting in December.
Goldman Sachs - one of the world's leading investment banks, has just raised its gold price forecast to 2,900 USD/ounce, about 89.2 million VND/tael by early 2025, an increase of 200 USD compared to the previous forecast.
According to Goldman Sachs, this trend is driven by three main factors. The first is the strong intervention of global central banks, as they continue to inject capital into the market and increase the accumulation of gold in foreign exchange reserves. This not only brings stability to the economy but also creates growth momentum for gold prices.
See more news related to gold prices HERE...
