Gold prices today, November 4, 2024, recorded a less optimistic sentiment in the world market. Mr. Darin Newsom, senior market analyst at Barchart.com emphasized: "No matter what happens, the market this week will be very interesting."
| 1. PNJ - Updated: 11/03/2024 21:30 - Time of website supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 88,000 | 89,150 |
| HCMC - SJC | 87,500 | 89,500 |
| Hanoi - PNJ | 88,000 | 89,150 |
| Hanoi - SJC | 87,500 | 89,500 |
| Da Nang - PNJ | 88,000 | 89,150 |
| Da Nang - SJC | 87,500 | 89,500 |
| Western Region - PNJ | 88,000 | 89,150 |
| Western Region - SJC | 87,500 | 89,500 |
| Jewelry gold price - PNJ | 88,000 | 89,150 |
| Jewelry gold price - SJC | 87,500 | 89,500 |
| Jewelry gold price - Southeast | PNJ | 88,000 |
| Jewelry gold price - SJC | 87,500 | 89,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 88,000 |
| Jewelry gold price - Jewelry gold 999.9 | 87,900 | 88,700 |
| Jewelry gold price - Jewelry gold 999 | 87,810 | 88,610 |
| Jewelry gold price - Jewelry gold 99 | 86,910 | 87,910 |
| Jewelry gold price - 916 gold (22K) | 80,850 | 81,350 |
| Jewelry gold price - 750 gold (18K) | 65,280 | 66,680 |
| Jewelry gold price - 680 gold (16.3K) | 59,070 | 60,470 |
| Jewelry gold price - 650 gold (15.6K) | 56,410 | 57,810 |
| Jewelry gold price - 610 gold (14.6K) | 52,860 | 54,260 |
| Jewelry gold price - 585 gold (14K) | 50,640 | 52,040 |
| Jewelry gold price - 416 gold (10K) | 35,650 | 37,050 |
| Jewelry gold price - 375 gold (9K) | 32,010 | 33,410 |
| Jewelry gold price - 333 gold (8K) | 28,020 | 29,420 |
Update gold price today 11/4/2024
Domestic gold prices are anchored near peak levels.
At the end of last week's trading session, Saigon Jewelry Company listed the price of SJC gold at 87.5-89.5 million VND/tael (buy - sell).
Compared to the closing price of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 500,000 VND/tael for both buying and selling. The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
Last week, SJC gold price increased, however investors still suffered losses.
If you buy gold at DOJI Group on October 27 at VND89 million/tael and sell it at the end of the week on November 3, the investor will lose VND1.5 million/tael. Similarly, those who buy gold at Saigon Jewelry Company SJC will also make a profit of VND1.5 million/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
With 9999 Hung Thinh Vuong gold rings and round rings at DOJI, the price is listed at 88-89 million VND/tael (buy - sell); an increase of 100,000 VND/tael for both buying and selling compared to the closing price of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 87.98-88.98 million VND/tael (buy - sell); increased by 100,000 VND/tael for buying and kept the same for selling compared to the closing price of last week's trading session.
World gold price closed last week's trading session at 2,736.4 USD/ounce, down 10.8 USD/ounce compared to the closing session last week.
During the week, there was a time when the gold price set a new historical peak of 2,790 USD/ounce before plunging again.
The US presidential election will be announced this week, the USD's movements and the US Federal Reserve's policy meeting... will be factors affecting the trend of gold prices.
In the short term, gold prices may cool down after a period of hot growth, but the outlook for the precious metal at the end of the year and early 2025 is still forecast to be positive.
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| Gold price today November 4, 2024: Gold price 'cools down' waiting for news about US election, optimism weakens, still expecting a breakthrough increase. (Source: AFP) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of November 2:
Saigon Jewelry Company SJC: SJC gold bars 87.5 - 89.5 million VND/tael; SJC gold rings 87.4 - 88.9 million VND/tael.
Doji Group: SJC gold bars 87.5 - 89.5 million VND/tael; 9999 round rings (Hung Thinh Vuong) 88.0 - 89.0 million VND/tael.
PNJ system: SJC gold bars 87.5 - 89.5 million VND/tael; PNJ 999.9 plain gold rings at 88.0 - 89.15 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 87.7 - 89.5 million VND/tael; Phu Quy 999.9 round gold rings: 87.9 - 89.1 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 87.5 - 89.5 million VND/tael; plain gold rings are traded at 87.98 - 88.98 million VND/tael.
Will increase, not decrease
The latest Kitco News weekly gold survey shows bearish sentiment from both industry professionals and retail traders, with recent pullbacks and election uncertainty clearly weighing on the metals market.
Seventeen analysts took part in the Kitco News gold survey. Nine analysts forecast gold prices to rise next week, while six see prices falling. Two analysts forecast sideways prices and said they are waiting to see what the U.S. election and the Fed's next decision will bring.
There were 139 investor votes cast in the online poll. The majority of investors see gold prices trending higher next week, although many votes were cast before the sell-off on October 31. Specifically, 85 traders expect gold prices to rise next week. Another 31 expect the precious metal to fall. The remaining 23 investors see gold prices moving sideways next week.
Support next week is likely already priced in, so the risk remains tilted to the downside, said Marc Chandler, CEO at Bannockburn Global Forex.
Gold has hit record highs in recent days, but has stalled below $2,800 an ounce. It is worth noting that gold sold off sharply as US stocks fell on October 31, almost as if it was being liquidated.
Meanwhile, according to Mr. Darin Newsom, senior market analyst at Barchart.com: “No matter what happens, the market this week will be interesting.”
Sean Lusk, co-director of commercial hedging at Walsh Trading, noted that while both US presidential candidates and both parties will continue to print money and spend, the price of the yellow metal will move differently depending on who wins.
Either way, the yellow metal is more likely to rise than fall next week, so he believes a strategic long position is warranted.
Economic data to watch this week (November 4-10) November 4: Reserve Bank of Australia monetary policy decision. November 5: Institute for Supply Management (ISM) Purchasing Managers' Index (PMI), US Presidential and Congressional elections. November 7: Bank of England monetary policy decision, US weekly jobless claims, Fed monetary policy decision. November 8: University of Michigan Preliminary Consumer Sentiment. |
Source: https://baoquocte.vn/gia-vang-hom-nay-4112024-gia-vang-bot-nong-cho-tin-bau-cu-my-tam-ly-lac-quan-suy-yeu-van-ky-vong-se-tang-but-pha-292457.html
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