Today, the price of domestic gold bars remained relatively stable at 85.8 million VND per tael. This is the first time this week that the price of gold has stayed at a stable level.
In November, the US dollar strengthened due to expectations of major fiscal policies and stricter border controls from the Trump administration, causing gold to lose its appeal. Nevertheless, global instability, tensions in the Middle East and Ukraine, and low interest rates continued to help gold maintain its role as a safe-haven asset.
World gold prices today have fallen slightly compared to early yesterday morning. (Illustrative image).
Experts believe that if high tariffs negatively impact economic growth, gold could benefit in the long term. Prolonged global instability continues to fuel demand for gold as a safe-haven asset.
Gold price movements today
+ Domestic gold prices
At 6:00 AM on December 1st, the price of gold bars at Doji was listed at 83.8 million VND/ounce for buying and 84.8 million VND/ounce for selling. SJC gold was listed at 84.6 - 85.6 million VND/ounce for buying and selling respectively.
Meanwhile, the price of gold rings from several brands has reversed and started to fall.
Specifically, DOJI listed the price of 9999 pure gold rings at 83.5 - 84.5 million VND/ounce, a decrease of 300,000 VND/ounce in both buying and selling prices compared to yesterday.
SJC listed the price of gold rings at 82.8 - 84.8 million VND/ounce (buying price - selling price), unchanged from yesterday.
+ International gold prices
World gold prices listed on Kitco are at $2,650 per ounce, down $5.4 per ounce compared to early yesterday morning. Gold futures last traded at $2,650.06 per ounce.
Gold price forecast
According to experts, world gold prices may fluctuate slightly upwards from now until the end of the year. The main reasons are 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.
Global predictions suggest that gold could peak at between $2,700 and $3,000 per ounce in 2025.
In Vietnam, gold prices are also influenced by the increased demand during the wedding season, when people use gold as gifts and jewelry. Therefore, experts predict that gold prices will continue to rise from now until the second quarter of 2025.
Source: https://vtcnews.vn/gia-vang-hom-nay-1-12-vang-the-gioi-giam-nhe-ar910681.html
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