Update SJC gold price
As of 9:30 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 82.3-84.3 million VND/tael (buy - sell); unchanged in both directions.
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 listed by DOJI Group is at 82.3-84.3 million VND/tael (buy - sell); unchanged in both directions.
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 82.3-84.3 million VND/tael (buy - sell); unchanged in both directions.
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 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 83.3-84.3 million VND/tael (buy - sell); down 750,000 VND/tael for buying and down 700,000 VND/tael for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 82.5-84.3 million VND/tael (buy - sell), keeping both buying and selling prices unchanged compared to early this morning.
World gold price
As of 9:30 a.m., the world gold price listed on Kitco was at 2,616.8 USD/ounce, down 1.6 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell slightly as the USD increased. Recorded at 9:40 a.m. on December 25, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 108,800 points (up 0.18%).
In an interview with Kitco, George Milling-Stanley - chief gold strategist at State Street Global Advisors - said he expects 2025 to be an interesting year and could set a new record for gold.
Milling-Stanley's team at State Street has released its official gold price forecast for 2025. The investment firm sees a 50% chance of gold trading between $2,600 and $2,900 an ounce, and a 30% chance of gold trading between $2,900 and $3,100 an ounce.
On the downside, State Street estimates a 20% chance of gold prices falling to $2,200 - $2,600/ounce.
“That means we are 80% confident that gold prices will stay the same or move higher in 2025,” he said.
Tom Bruce, macro investment strategist at Tanglewood Total Wealth Management, told Kitco News in an interview that he has a “fairly positive” view on gold, despite some tough headwinds facing the precious metal.
Bruce noted that while he did not put a price target on gold, he expects it to rise by about 10% next year. He believes the biggest near-term challenges for gold in 2025 will be rising real yields and solid economic growth in the United States.
According to Mr. Kelvin Wong - senior market analyst at OANDA in the Asia-Pacific region, the next thing that the market is interested in is President-elect Donald Trump's policy on trade tariffs and the response of target trading partners.
US investors are bracing for a slew of changes in 2025, from tariffs and deregulation to tax policy when Mr. Trump returns to the White House in January 2025.
Gold has had a good year so far and is on track for its best year since 2010, up 27%. A similar rally could occur in 2025, but that will largely depend on geopolitical developments, according to OANDA market analyst Zain Vawda.
This expert said that if there are no geopolitical surprises, the price of gold is expected to be around $2,800/ounce due to persistent risks and concerns about trade wars. This precious metal is considered a safe investment in times of economic and geopolitical instability.
Analysts have predicted that consecutive record highs in 2024 will set the stage for a similar rally in 2025, fueled by continued central bank buying, rising geopolitical tensions and rate cuts by the US Federal Reserve.
See more news related to gold prices HERE...
