Domestic gold price on the morning of November 29: Gold rings and gold bars maintain listed prices
As of 9:00 a.m., Saigon Jewelry Company (SJC) listed the price of gold rings at VND82.5 million/tael (buy) and VND84.4 million/tael (sell). This price remained unchanged from the last trading session yesterday, maintaining stability in both buying and selling directions.
Meanwhile, DOJI Gold and Gemstone Group adjusted the price of gold rings slightly up. Currently, the buying price is at VND83.6 million/tael, an increase of VND100,000/tael, while the selling price remains unchanged at VND84.7 million/tael compared to the previous session.
SJC gold bars also remained stable. Specifically, SJC announced the buying price at VND82.9 million/tael and the selling price at VND85.4 million/tael, unchanged from yesterday's listed price.
DOJI Group also offered similar prices for SJC gold bars, listing the buying and selling prices at VND82.9 million/tael and VND85.4 million/tael, respectively, maintaining the same price from the previous trading session.
Both gold rings and gold bars are currently showing stability in the context of the gold market maintaining a sideways trend, without any significant fluctuations.
World gold price on the morning of November 29
The afternoon trading session on November 28 recorded a slight decrease in world gold prices amid an increase in the value of the USD. This happened when investors analyzed US economic data, showing that inflation remained high and the possibility that the US Federal Reserve (Fed) would be cautious in cutting interest rates.
At around 1 p.m. (Vietnam time), spot gold prices fell 0.1% to $2,633.31 an ounce. US gold futures also fell 0.4% to $2,632.80 an ounce.
The US dollar rose 0.1% on the day, reducing gold's appeal to investors holding other currencies.
Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said investors are now paying attention to the possibility of a Fed rate cut. According to CME Group’s FedWatch tool, there is a 68.2% chance that the Fed will cut rates by 0.25 percentage points at its December 2024 meeting.
Gold has always been considered a safe haven during times of economic uncertainty or geopolitical tensions. Kelvin Wong believes that in the short term, gold prices may continue to be under pressure. However, in the long term, the bullish outlook for gold remains intact, especially as supporting factors such as high inflation and global financial instability have not been fully resolved.
Source: https://baodaknong.vn/gia-vang-sang-ngay-29-11-2024-gia-vang-di-ngang-235549.html
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