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Intellectual people
At 5:20 p.m. today, 11/30, the SJC gold price fell by nearly 1 million dong per tael as the world gold price plummeted, investors rushed to sell gold to curb losses.
At 5:20 p.m. on 11/30 today, the price of SJC gold in Hanoi through the list of several large gold companies was 53.05 million VND / tael (bought) – 53.65 million VND / tael ( sold). with retail and wholesale transactions.
These prices decreased by 700,000 VND / tael each afternoon and 650,000 VND / tael compared to the opening session this morning. When compared to yesterday’s closing session, the SJC gold price is currently at 950,000 VND / tael and 850,000 VND / tael.
Similarly, in Ho Chi Minh City, the SJC gold price through the listing of several major gold companies was 53.2 million VND / tael, 53.75 million VND / tael, in another sense, 500,000 VND / tael and 800,000 VND / tael. compared to yesterday’s close.
Worldwide, the spot price of gold through the Kitco.com listings decreased by $ 13.6, trading at $ 1,774 / ounce.
At the opening of the trading session this morning on November 30, the price of SJC gold in Hanoi through the list of several large gold companies was VND53.75 million / tael (bought) – VND 54.3 million / tael (sold out) for retail and wholesale transactions.
These prices decreased by 250,000 VND / tael one way and 200,000 VND / tael compared to last week’s closing session.
At HCMC, the SJC gold price is quoted by the company at VND 53.7 million / tael – VND 54.25 million / tael, VND 300,000 / tael one way.
At the close of the last session of the week, the SJC gold price in Hanoi was quoted at 54 million VND / tael – 54.5 million VND / tael; The price of SJC gold in HCMC is set at 54 million dong / tael – 54.55 million dong / tael.
Worldwide, at 9.20am this morning (Vietnam time), the spot price of gold in Asia via the Kitco.com price fell sharply to $ 7.7, trading at $ 1,780 / ounce.
Gold prices continued to decline, staying low due to much positive information about the Covid-19 vaccine, through which investors rushed to sell gold to stem losses.
Forecasting the price of gold this week, Kitco experts stated that the price of gold will continue its downward trend, possibly dropping to $ 1,700 / ounce.
Growing investor optimism that vaccines will jump-start the world economy faster than expected weighs heavily on gold. According to the latest results from the Kitco News weekly gold price survey, investor sentiment will continue to worsen in the near term.
The poll found that most Wall Street analysts are pessimistic for gold this week. At the same time, retail investor optimism remains below 50% after falling to a multi-year low last week.
Negative sentiment appears when the gold market falls below significant support levels. Earlier last week, the price of gold fell to the lowest level in 4 months after falling below $ 1,850 / ounce. At the end of the week, the gold market continued to fall freely, losing a significant support level at $ 1,800 / ounce. Analysts said the next major support point to watch is $ 1,750 / ounce.
Marc Chandler, chief market strategist at Bannockburn Global Forex, said: The prospect of a vaccine and higher interest rates has driven a strong sell-off, coming from long-term ETFs and faction ones. buy gold. Momentum traders jumped on board and are trading sell orders.
Markets are confident that the Biden administration will adopt a calmer approach to trade relations with other countries such as China, said Bernard Dahdah, an analyst at investment bank Natixis.
That is being reflected in the stock market. However, expert Dahdah also noted that with interest rates still extremely low and promising for a large stimulus package in the US, gold prices will remain firm in the long term.
An Ha
