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Saturday 11/28/2020 09:00 AM (GMT + 7)
This morning, gold prices sank again, many people were skeptical that some investors would take advantage of Black Friday to manipulate the market.
In the early morning of November 28 (according to Vietnamese time), the global spot price of gold stood at 1,786.76 USD / Ounce. Compared to the same date on November 27, the global spot price of gold has decreased by approximately $ 24 / Ounce.
Today’s gold price is approximately $ 306 / Ounce higher than in early 2020. Calculated according to the bank’s price in USD, excluding taxes and fees, the world spot price of gold is 49.68 million VND / tael.
Meanwhile, the world price of gold was delivered in January 2021 on the Comex floor of the New York Mercantile Exchange at 1,786.7 USD / Ounce, a drop of 22.1 USD / Ounce in the session.
Gold continued to fall due to growing optimism about the Covid-19 vaccine fueling an economic recovery and a rapid White House transition pushing the US stock market to a record high.
Also, according to traders, some people may take advantage of the meager Black Friday investors to manipulate gold prices. They “short” gold in large quantities, then wait for the gold to fall to buy back the difference, forcing investors to sell to drive down the price of gold. After that, the short sellers bought profits.
In the long term, the price of gold is forecast to recover, while the USD continues to weaken due to the large amount of money being injected into the markets. Recently, ANZ Bank forecasts that gold prices will remain supported and rise to $ 2,100 / ounce over the next 12 months.
Furthermore, gold is also expected to rise as many large economies will face difficulties. The UK is experiencing its worst recession in over 300 years, and failure to reach a new trade deal with the EU will make the recovery even longer and more difficult.
Gold prices fell sharply at the end of the week
In the domestic market this morning, Saigon Jewelry Company quoted the SJC gold price to buy and sell at 54.15-54.7 million VND / tael, 100,000 VND less to buy and 500,000 VND to sell. sold out compared to the same trading time yesterday morning.
Doji Gold was trading at 54.34-54.85 million VND / tael, 300,000 VND less than in the morning.
Phu Quy SJC traded the price of gold at 54.1-54.6 million dong / tael, a decrease of 200,000 dong / tael compared to the last session.
Source: http: //danviet.vn/gia-vang-hom-nay-28-11-giam-sap-day-gan-5-thang-co-dau-hieu-bi-thao-tung-50202 …
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