At the end of the trading week from November 17 to November 22, the price of SJC gold bars was listed by large enterprises at 148.4-150.4 million VND/tael (buy - sell). The difference between buying and selling prices continued to be maintained at 2 million VND/tael.
At the beginning of the week, gold bars were listed at 148.5-150.5 million VND/tael. Thus, after a week of trading, both buying and selling prices decreased by 100,000 VND/tael.
The peak price of precious metals was recorded at 152.6-154.6 million VND/tael (buy - sell) on October 21. However, the price of the metal quickly decreased. Compared to the record price, the current price is 4.2 million VND/tael lower in both buying and selling directions.
If customers buy gold bars at the peak price of 154.6 million VND/tael, currently the "gold shops" only buy them at 148.4 million VND/tael, meaning a loss of 6.2 million VND/tael.
Gold items are displayed for sale by businesses (Photo: Manh Quan).
In the international market, the world gold price opened this week at 4,100 USD/ounce and continuously tried but could not get any increase above this mark.
The precious metal quickly slid to the support zone around $4,060/ounce. The failed breakouts above the resistance level caused the market to witness the first strong sell-off of the week, pulling the price down to $4,010/ounce.
In the mid-week trading sessions, gold prices recorded a recovery trend to the 4,050 USD/ounce area but could not maintain it for long before being sold off strongly to the 4,000 USD/ounce area. Also at this price area, the strong participation of buyers once again pulled the price of the precious metal back to the 4,075 USD/ounce area.
Gold prices then tried to challenge the $4,100/ounce threshold, at one point rising to a weekly high of $4,130/ounce, but the increase could not be maintained for long before falling to the $4,065/ounce area.
At the end of the week, the world spot gold price closed at 4,064 USD/ounce.
David Morrison, senior analyst at Trade Nation, expressed a cautious view on gold price forecast this week. He said that although the global stock market is being sold off under the influence of the technology group, there has not been a significant safe-haven flow into gold yet.
On the other hand, Sean Lusk, co-director of commercial hedging at Walsh Trading, said the US Federal Reserve (Fed) may lack the necessary data to make a clear decision at its upcoming meeting.
“They have said that it would be reckless to continue to ease without enough data, so I’m not really sure what will happen in December,” he said. Sean Lusk said gold’s support levels are still relatively solid and only if central banks slow their buying could the market change.
From a technical perspective, Alex Kuptsikevich, senior market analyst at online trading platform FxPro, predicts that gold prices are likely to decline this week. According to him, gold is under pressure from a stronger US dollar and rising bond yields. Although bulls have regained the initiative at times thanks to some positive signals, expectations of a Fed rate cut in December to 32% have weakened optimism.
He cited Goldman Sachs data showing central banks bought 64 tonnes of gold in September, three times more than in August. TD Securities also noted increased demand from ETFs, while UBS raised its 2026 gold price forecast by $300 to $4,500 an ounce. Still, Alex Kuptsikevich said last month's sharp decline marked the end of a three-year bull run.
This week will also be a busy one as the US government continues to process the backlog of reports from the extended shutdown. The first three days of the week will see a steady stream of key economic data.
Specifically, the producer price index (PPI), September retail sales and October pending home sales will be released one after another. After that, investors will continue to monitor a series of important reports before the Thanksgiving holiday, including durable goods orders, third-quarter GDP estimates, personal consumption expenditures (PCE), new home sales and weekly jobless claims.
The US stock market will be closed on Thursday for Thanksgiving and reopen on Friday.
Dantri.com.vn
Source: https://dantri.com.vn/kinh-doanh/nguoi-mua-vang-lo-62-trieu-dongluong-neu-du-dinh-20251124001317427.htm
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