Enveloped in "red"

According to observations this afternoon (November 7th), gold prices on the market continued their sharp decline, with Phu Quy SJC gold in particular falling by as much as 4.4 million VND/ounce compared to November 6th.

The gold prices are listed as follows:

SJC gold in Hanoi and Da Nang: 84 million VND/ounce for buying (down 4 million VND compared to November 6th), 87 million VND/ounce for selling (down 2 million VND compared to November 6th).

Phu Quy SJC gold: 82.5 million VND/ounce for buying; 86.5 million VND/ounce for selling. A decrease of 4.4 million VND/ounce for buying and 2.5 million VND/ounce for selling compared to November 6th.

DOJI gold in Hanoi and Ho Chi Minh City: 83 million VND/ounce for buying, 87 million VND/ounce for selling. This represents a decrease of 4 million VND and 2 million VND/ounce respectively for buying and selling prices compared to November 6th.

Illustrative photo / Vietnam+

At Bao Tin Minh Chau Co., Ltd., SJC gold bars are being traded at 82.8 million VND/ounce for buying and 86.5 million VND/ounce for selling (a decrease of 4.2 million VND/ounce for buying and 2.5 million VND/ounce for selling). Plain gold rings are being traded at 81.38 million VND/ounce for buying and 83.88 million VND/ounce for selling.

PNJ gold in Ho Chi Minh City and PNJ gold in Hanoi: 83 million VND/ounce for buying (down 4 million VND/ounce), 84.5 million VND/ounce for selling (down 3.7 million VND/ounce).

Thus, the prices of gold bars and gold rings in Vietnam have fallen sharply due to the impact of forecasts from the international market.

Gold prices on the international market plummeted as defensive sentiment rose following Donald Trump's victory in the US presidential election. Geopolitical tensions are expected to ease. Domestically, gold prices continued to fall, and SJC gold prices could drop sharply.

Gold prices fell primarily due to the surge in the US dollar and investor expectations that tensions in the Middle East and Ukraine would ease. Trump is likely to issue a "peace ultimatum," aiming for concessions from both Russia and Ukraine to end the armed conflict between the two sides.

In his victory message delivered early on November 6th (local time), Trump affirmed that he would stop all ongoing wars around the globe.

Source: People's Army Newspaper

Source: https://baophutho.vn/gia-vang-chieu-nay-7-11-bao-trum-trong-sac-do-222289.htm