Still going down

Gold price in domestic market on the afternoon of December 13, 2024

Domestic gold market: After increasing by 200,000 VND/tael yesterday, the price of SJC gold of Saigon Jewelry Company this morning, December 13, decreased by 700,000 VND/tael in both directions, currently listed at 83.9 - 86.4 million VND/tael (buy - sell).

Gold price on the afternoon of December 13: Still going down

Thang Long Dragon Gold: This gold brand of Bao Tin Minh Chau has decreased by 330,000 VND/tael in both directions as of early this morning compared to the end of yesterday, currently standing at 84.08 - 85.83 million VND/tael (buy - sell).

Mi Hong Gold: At Mi Hong Jewelry Company, the current listed price of SJC gold is 84.6 - 85.8 million VND/tael (buy - sell). Compared to yesterday, the buying price decreased by 400,000 VND/tael and the selling price decreased by 700,000 VND/tael.

Problem: The gold market is facing extreme volatility, raising concerns about stability and predictability.

Advice: Buyers and investors should be cautious in making decisions, carefully consider influencing factors and closely monitor market developments to minimize financial risks.

Gold price on the world market on the afternoon of December 13, 2024

World gold market: Spot gold prices closed yesterday in the US down sharply by 37.4 USD, down to 2,680.8 USD/ounce. However, in this morning's trading session in Asia, gold prices reversed and increased by 6.2 USD, up to 2,687 USD/ounce.

The price of gold futures for February 2025 delivery on the Comex New York floor also decreased significantly by 47.3 USD, equivalent to a decrease of 1.72%, currently standing at 2,709.4 USD/ounce.

The problem is that the gold market is volatile, making investors worried about stability and profit potential.

Advice: Investors should closely monitor market developments and consider carefully before making investment decisions to minimize risks and optimize profits.

Gold price forecast in the future

According to experts: In the medium term, central banks' continued purchases of gold and easing of monetary policy will be important factors driving the rise in gold prices.

European Central Bank (ECB): The ECB has just cut its interest rate by 0.25 percentage points, from 3.25% to 3%. This is the fourth consecutive interest rate cut since the agency began its monetary policy adjustment cycle in June this year.

Other major central banks: Canada, Switzerland and the Fed are also likely to ease interest rates next week.

Situation this morning: USD-Index increased to 107.11 points; 10-year US Treasury bond yield increased slightly to 4.328%; US stocks decreased as investors took profits and the producer price index (PPI) was higher than expected; world oil prices decreased slightly, with Brent crude oil trading at 73.5 USD/barrel and WTI crude oil at 70.11 USD/barrel.

Problem: Global financial markets are facing strong fluctuations, creating great pressure on investors and business decisions.

Advice: Investors should consider carefully before making decisions, closely monitor market developments and monetary policies to develop appropriate strategies to minimize risks and optimize profits.

Source: https://baodaknong.vn/gia-vang-chieu-13-12-van-tiep-tuc-di-xuong-236817.html