SJC Gold Price Update
As of 9h00, the price of SJC gold bars is listed by DOJI Group at the threshold of 85-87.5 million VND / volume (purchase - sale).
Compared to the beginning of the previous session, the price of gold in DOJI decreased by VND2 million / purchase and decreased by VND1.5 million / sale.
The difference between the purchase and sale price of SJC gold at DOJI Group is 2 million VND/amount.
Meanwhile, Saigon SJC JSC listed SJC gold prices at 85-87.5 million VND / unit (purchase - sale).
Compared to the beginning of the previous session, the price of gold at Saigon SJC JSC decreased by 2 million VND / purchase and decreased by 1.5 million VND / sale.
The difference between the purchase and sale price of SJC gold at Saigon SJC JSC is 2 million VND/amount.
Bao Tin Minh Chau listed the price of SJC gold at VND85-87.5 million/amount (purchase - sale).
Compared to the beginning of the previous session, the price of gold in Bao Tin Minh Chau decreased by VND2 million per purchase and decreased by VND1.5 million per sale.
The difference in buying and selling price of SJC gold at Bao Tin Minh Chau is 2 million VND/amount.
Currently, the price difference between buying and selling gold is listed around the threshold of 2 million VND / unit. Experts say, this difference is very high, causing investors to face the risk of losses when investing short-term.
9999 Round Gold Ring Price
As of 9h today, the price of gold ring 9999 Hung Thinh Vuong at DOJI listed at the threshold of 84.1-85.5 million VND/amount (purchased - sold); down 3.4 million VND/amount purchased and down 3 million VND/amount sold.
Bao Tin Minh Chau listed the price of gold rings at 84.43-86.23, down VND3 .05 million per purchase and down VND2.25 million per sale.
World Gold Price
As of 9:15, the world gold price listed on Kitco was at $2,656 per ounce, down $ 89.4 per ounce from the beginning of the previous session.
Gold Price Forecast
World gold prices fell sharply as the USD index rose high. Recorded at 9.15 on 7.11, the US Dollar Index measured the movement of the greenback with 6 key currencies at 105.037 points.
According to Kitco, the dollar rose sharply, while gold was sold off sharply after predictions of Donald Trump's victory in the US presidential election were made public.
FX Empire analyst James Hyerczyk commented: “Gold prices plummeted as traders took profits amid stronger US dollars and soaring US Treasury bond yields after billionaire Donald Trump expected to return to the White House.
The sell-off pushed the price down from the key technical support of $2,708.76 per ounce, changing the trend and further putting pressure on the metal by breaking the $2,697.28 per ounce level.
Precious metals are facing an important test of support levels as the US Federal Reserve (FED) interest rate decision on Thursday adds to the downside risk - says analyst James Hyerczyk at FX Empire.
The market is waiting for the monetary policy decision of the Bank of England, the number of US weekly unemployment benefits applications, the monetary policy decision of the US Federal Reserve (FED) today 7.11 (local time).
Market analyst Zain Vawda at OANDA's MarketPulse suggested that if there are signs that another interest rate cut could occur in December, gold prices could hold steady and even rise.
See more news related to gold prices HERE...
