The domestic gold price today, November 25, is being traded at the following level:
Opening this week's trading session, Saigon Jewelry Company listed the gold purchase price at 41.24 million VND/tael; the selling price was 41.47 million VND/tael, down 150,000 VND/tael for both buying and selling. The difference in selling price is 230,000 VND/tael higher than the buying price.
DOJI Gold and Gemstone Group currently listed the buying and selling gold price at 41.28 - 41.48 million VND/tael, down 100,000 VND/tael for both buying and selling compared to the end of the previous session. The difference between buying and selling prices is 200,000 VND/tael.
The world gold price today, November 25, immediately stood at 1,459 USD/oz, down 3 USD/oz compared to the previous trading session. Gold prices on Kitco are trading at 1461.10 - 1462.10 USD/ounce.
The December 2019 gold price was less volatile and ended the session stably at 1,463.60 USD/ounce, thereby closing the trading week with a decrease of 0.3%.
Overall last week, world gold prices lost only 4 USD/ounce compared to the opening price of the week. However, compared to the weekly high of $1,475, gold prices have lost $13/ounce.
Standard Chartered experts predict that gold prices are gradually stabilizing and may likely approach the 1,500 USD/ounce mark.
Despite the small risk of gold falling to $1,450 an ounce, the overall picture of gold is optimistic as investors appear willing to buy more, said Standard Chartered's precious metals analyst.
The decline in world gold prices has stimulated purchasing power in some countries in Asia. The demand for gold in India is gradually increasing. Swiss trade data reaffirmed the trend in Indian trade data; shipments in October from Switzerland increased by 2% compared to the same period last year and increased by 47% compared to the previous month.
Previously, the gold import figure in India fell sharply by 33% in October and marked the fourth consecutive month of decline in India's gold imports. In September, India's gold imports hit a three-year low, when they fell 68%.
According to most analysts, the main driver for gold in the coming time is still the ongoing trade dispute between China and the United States.
Gold prices are trading right below the 100-day average and have entered a stable period. In addition to information about the US-China trade war. Investors are focusing on the possibility of the US Federal Reserve (Fed) cutting interest rates in the short term.
Mr. Sean Lusk, director of commercial risk insurance at Walsh Trading, expressed optimism about gold prices in the coming time because speculative interest rates are still high.
He said traders could reduce some upward betting next week ahead of the US Thanksgiving holiday. He said the resilience of the US dollar could also weigh on gold in the coming period.
Mark Leibovit, an analyst, said that in the short term, he predicted a negative view on gold prices. However, in the long term, gold prices are still optimistic. He predicted a sell-off is likely to take place until mid-December with prices falling to 900 USD/ounce.
