DNVN - While the world gold price remained unchanged, the price of SJC gold bars and gold rings in Vietnam on the morning of November 27 recorded a slight increase.
At 9:00 a.m., Saigon Jewelry Company (SJC) listed the price of gold rings at VND82.2 - 84.3 million/tael (buy - sell), an increase of VND100,000/tael in both directions compared to the last trading session yesterday.
At DOJI Gold and Gemstone Group, the price of gold rings is listed at 82.6 - 84.4 million VND/tael. This price increased by 300,000 VND/tael for buying, while the selling price remained the same compared to the previous session.
Similar to gold rings, the price of SJC gold bars also had a slight increase. Specifically, Saigon Jewelry Company announced the price of 82.8 - 85.3 million VND/tael (buy - sell), an increase of 100,000 VND/tael in both trading directions compared to yesterday.
DOJI Group also offered SJC gold bar prices at 82.8 - 85.3 million VND/tael (buy - sell), an increase of 100,000 VND/tael in both directions compared to the previous closing price.
Meanwhile, in the international market, world gold prices on November 26 remained stable despite many conflicting geopolitical signals.
Specifically, the spot gold price remained at $2,626.83/ounce. At the same time, the US gold futures contract increased slightly by 0.1%, reaching $2,621.30/ounce.
In the previous trading session on November 25, the world gold price dropped sharply by 100 USD due to optimism about the possibility of reaching a ceasefire agreement in the Middle East. In addition, President-elect Donald Trump's decision to nominate Mr. Scott Bessent as Treasury Secretary also reduced the demand for gold as a safe haven asset.
“The ceasefire agreement between Israel and Hezbollah has created optimism among investors, but the market is still concerned about the impact of the Russia-Ukraine conflict,” said Peter Grant, senior strategist at Zaner Metals. He predicted that gold prices could fluctuate in the short term at $2,575 - $2,750 an ounce.
Gold continues to be considered a stable investment channel amid economic instability and geopolitical tensions, especially in the context of trade wars.
Trump’s pledge to impose tariffs on Canada, Mexico and China could spark a trade war, boosting the appeal of gold. However, analysts have also warned that the risk of inflation could prompt the Federal Reserve to limit interest rate cuts, which could weigh on gold prices.
Cao Thong (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-trong-nuoc-ngay-27-11-vang-mieng-sjc-vang-nhan-tang-nhe/20241127093048809
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