Gold price today 11/6: Strong recovery in the world market

Update SJC gold price

As of 9:00 a.m., the price of SJC gold bars was listed by DOJI Group at 87-89 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.

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

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 87-89 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.

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 87-89 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold prices at Bao Tin Minh Chau remained unchanged in both buying and selling 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 the buying and selling price of gold is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.

9999 round gold ring price

As of 9am today, the price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 87.5-88.5 million VND/tael (buy - sell); unchanged in both directions.

Bao Tin Minh Chau listed the price of gold rings at 87.48-88.48 million VND/tael (buy - sell); unchanged in both directions.

World gold price

As of 9:20 a.m., the world gold price listed on Kitco was at 2,745.4 USD/ounce, up 11 USD/ounce compared to the beginning of the previous trading session.

Gold Price Forecast

World gold prices increased despite the high USD index. Recorded at 9:20 a.m. on November 6, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.327 points (up 1.03%).

Gold prices edged up on growing uncertainty as polls showed Democratic Vice Presidential candidate Kamala Harris and Republican Donald Trump in a neck-and-neck race for the White House.

Gold is supported by “the uncertainty of the elections. Some of it is about what happens if things don’t go well, some of it is about taxes, some of it is about economic changes,” said Daniel Pavilonis, senior market strategist at RJO Futures. Investors are particularly nervous about an unclear or contested outcome, especially if it causes unrest, he said.

In a recent note, Commerzbank said that if the election outcome remains uncertain for days or even weeks, gold will benefit from that uncertainty.

Gold could hit $2,800 an ounce “when the dust settles” after the election, according to market analyst Han Tan of Exinity Group.

He added that the precious metal would gain in value if Kamala Harris wins the election, given her low-interest-rate policies. Conversely, if Republican Donald Trump wins the White House, a surge in the US dollar could depress the value of gold.