Today, the domestic gold bar price did not fluctuate much and was stable at 85.8 million VND/tael. This is the first time this week that the gold price has remained stable.
The dollar strengthened in November on expectations of massive fiscal stimulus and tighter border controls from the Trump administration, which weakened gold’s appeal. However, global uncertainty, tensions in the Middle East and Ukraine, and low interest rates have kept gold safe.
World gold prices today decreased slightly compared to early yesterday morning. (Illustration photo).
Experts say that if high tariffs negatively impact economic growth, gold could benefit in the long term. Prolonged global uncertainty continues to boost demand for gold as a hedge against wealth.
Gold price movements today
+ Domestic gold price
At 6:00 a.m. on December 1, the price of gold bars at Doji was listed at VND83.8 million/tael for buying and VND84.8 million/tael for selling. SJC gold was listed at VND84.6 - 85.6 million/tael for buying and selling.
Meanwhile, gold rings of some brands turned down.
Specifically, DOJI listed the price of 9999 round gold rings at 83.5 - 84.5 million VND/tael, down 300,000 VND/tael in both directions compared to yesterday.
SJC listed the price of gold rings at 82.8 - 84.8 million VND/tael (buy - sell), unchanged from yesterday.
+ International gold price
The world gold price listed on Kitco is at 2,650 USD/ounce, down 5.4 USD/ounce compared to early this morning. Gold futures last traded at 2,650.06 USD/ounce.
Gold Price Forecast
According to experts, the world gold price from now until the end of the year may fluctuate in a slightly upward direction. The main reasons are due to factors such as the interest rate policy of the US Federal Reserve (Fed) and the traditional demand for gold in India and China during the New Year.
World predictions show that gold could peak at between $2,700 and $3,000 an ounce by 2025.
In Vietnam, gold prices are also affected by increased demand during the wedding season, when people use gold as gifts and jewelry. Therefore, experts predict that from now until the second quarter of 2025, gold prices are expected to continue to increase.
Source: https://vtcnews.vn/gia-vang-hom-nay-1-12-vang-the-gioi-giam-nhe-ar910681.html
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