SJC gold bar price
At the end of the week's trading session, DOJI Group listed the price of SJC gold at 82.7-85.2 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at DOJI decreased by 600,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 82.7-85.2 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company SJC decreased by 600,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.
If you buy SJC gold at DOJI Group on December 1 and sell it today (December 8), you will lose 3.1 million VND/tael. Similarly, those who buy gold at Saigon Jewelry Company SJC will also lose 3.1 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 83-84 million VND/tael (buy - sell); down 500,000 VND/tael for both buying and selling compared to the closing price of last week's trading session.
Bao Tin Minh Chau listed the price of gold rings at 82.98-84.08 million VND/tael (buy - sell); down 700,000 VND/tael for both buying and selling compared to the closing price of last week's trading session.
After a week of decline, if you buy gold rings in the session of December 1 and sell them today (December 8), the loss that investors will have to accept when buying at DOJI and Bao Tin Minh Chau is 1.5 million VND/tael and 1.8 million VND/tael, respectively.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
At the close of the weekly trading session, the world gold price listed on Kitco was at 2,633.3 USD/ounce, down 17 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices were under pressure last week as the USD index increased. Recorded at 7:00 a.m. on December 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.040 points (up 0.32%).
The latest Kitco News survey shows that experts continue to be divided, while individual investors are optimistic about gold prices next week.
“I expect gold to rise next week as long as $2,600/oz holds. Three G10 central banks will cut interest rates and the market is expecting two (the Bank of Canada and the Swiss National Bank) to cut by 25 basis points,” said Marc Chandler, managing director at Bannockburn Global Forex.
“The downtrend line from the late October record high will be near $2,680 an ounce on Monday and drop to around $2,660 an ounce by the end of next week,” he added.
Christopher Vecchio, head of futures and FX strategy at Tastylive.com, is bearish on gold in the short term, noting that risks remain due to profit-taking after a very strong year for the precious metal.
Rich Checkan - president and COO of Asset Strategies International - commented that the NFP data should support the expected interest rate cut from the US Federal Reserve (FED), this information is positive for gold.
“Based on the positive labor data, the market will expect another 25 basis point rate cut when the FOMC meets on the 17th and 18th,” he said. “Therefore, I expect gold prices to rise slightly next week to take advantage of this ‘positive’ news for the precious metal.”
“Increasing tensions in the Middle East and issues in France also support the case for gold prices to rise,” Checkan added.
See more news related to gold prices HERE...
