Update SJC gold price
As of 9:35 a.m., the price of SJC gold bars was listed by DOJI Group at 85-87 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 500,000 VND/tael for both buying and selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 85-87 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 500,000 VND/tael for both buying and 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 85.3-87 million VND/tael (buy - sell), unchanged.
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 1.3 million VND/tael for buying and increased by 800,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 1.7 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 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.
Price of round gold ring 9999
As of 8:55 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 85.6-86.6 million VND/tael (buy - sell); an increase of 600,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 85.63-86.58 million VND/tael (buy - sell), an increase of 800,000 VND/tael for both buying and selling compared to early this morning.
World gold price
As of 9:40 a.m., the world gold price listed on Kitco was at 2,716.3 USD/ounce, up 38.4 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 9:45 a.m. on November 23, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107,510 points (up 0.54%).
Gold prices recorded their fifth consecutive increase due to soaring demand for buying at the bottom 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.
"Russia-Ukraine tensions seem to be spilling over into Russia-US tensions. This will certainly increase short-term demand for safe havens," said Alex Ebkarian, COO of Allegiance Gold.
In addition, the market rose thanks to safe-haven demand after disappointing revenue forecasts from Nvidia - the "giant" in the US AI and semiconductor chip industry.
The latest US weekly jobless claims report also showed 213,000 new claims, down from the previous week.
This could dampen expectations for a rate cut by the US Federal Reserve (FED) at its December meeting. According to CME's FedWatch tool, Wall Street is betting on a 56% chance of a cut in the federal funds rate next month, much lower than last week's 72%.
Ebkarian predicts that gold prices could rise to $2,750 by mid-next month, due to policy fluctuations and inflation risks from US President-elect Donald Trump's import tax proposals.
See more news related to gold prices HERE...
