Gold price update at the close of trading on November 29th: The difference is too high, risk of losses.

As of 7:15 PM on November 29th, the domestic gold price was listed at 72.2 - 73.7 million VND/ounce (buying price - selling price). Meanwhile, the world gold price listed on Kitco was 2,039.9 USD/ounce.

The spread between buying and selling SJC gold is currently reaching 1.5 million VND, putting investors at risk of losses. (Illustration photo: Phan Anh)

Domestic gold prices

Domestic gold prices closed the trading session on November 29.

Domestic gold price trends

Source: Rong Viet Online Services Joint Stock Company (VDOS).

Trends in world gold prices

Source: Kitco

Global gold prices surged amid a sideways movement of the US dollar. At 7:15 PM on November 29th, the US Dollar Index, which measures the dollar's fluctuations against six major currencies, stood at 102.715 points. Markets are closely watching inflation data from the US Federal Reserve (FED), which will be released this week. FED Governor Christopher Waller mentioned the possibility of interest rate cuts in the coming months on November 28th. Meanwhile, Asian stocks showed mixed performance. At the close of trading, Japan's Nikkei 225 index fell 0.3% to 33,321.22 points. Hong Kong's Hang Seng index dropped 2.1% to 16,993.44 points, while Shanghai's Shanghai Composite index declined 0.6% to 3,021.69 points. Markets in Sydney, Singapore, Taipei, Mumbai, Bangkok, and Jakarta rose, while Wellington remained stable. Gold prices increased amid a slight rise in oil – a commodity closely linked to the precious metal. Investors remained cautious ahead of a crucial OPEC+ meeting to decide on production policy in the coming months, while supply disruptions from a Black Sea storm pushed prices higher. US WTI crude oil rose to $76.58 per barrel. Meanwhile, Brent crude futures rose to $81.71 per barrel (data recorded at 1:25 PM).

Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-chot-phien-2911-chenh-lech-qua-cao-nguy-co-thua-lo-1273732.ldo