Still going down

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

Domestic gold market: After increasing by 200,000 VND/ounce yesterday, the price of SJC gold from Saigon Jewelry Company decreased by 700,000 VND/ounce in both buying and selling prices this morning, December 13th, currently listed at 83.9 - 86.4 million VND/ounce (buying price - selling price).

Gold prices on the afternoon of December 13th: Continuing to fall.

Thang Long Dragon Gold: This gold brand of Bao Tin Minh Chau has decreased by 330,000 VND/ounce in both buying and selling prices compared to the end of yesterday, currently standing at 84.08 - 85.83 million VND/ounce (buying price - selling price).

Mi Hong Gold: At Mi Hong Gold, Silver and Gemstone Company, the current SJC gold price is listed at 84.6 - 85.8 million VND/ounce (buying price - selling price). Compared to yesterday, the buying price decreased by 400,000 VND/ounce and the selling price decreased by 700,000 VND/ounce.

The problem: The gold market is facing significant volatility, raising concerns about its stability and predictability.

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

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

Global gold market: The spot gold price closed yesterday in the US with a sharp drop of $37.4, to $2,680.8 per ounce. However, in this morning's trading session in Asia, the price reversed course and rose by $6.2, to $2,687 per ounce.

Gold futures for February 2025 delivery on the Comex New York exchange also fell significantly by $47.3, or 1.72%, currently standing at $2,709.4 per ounce.

The problem is that the gold market is highly volatile, causing investors to worry about its stability and profit potential.

Advice: Investors should closely monitor market developments and carefully consider their options before making investment decisions to minimize risks and maximize returns.

Forecast of future gold prices

According to experts, in the medium term, continued gold purchases by central banks and loosening of monetary policy will be key factors driving the upward trend in gold prices.

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

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

This morning's situation: The USD-Index rose to 107.11 points; the yield on 10-year US Treasury bonds increased slightly to 4.328%; US stocks fell as investors took profits and the Producer Price Index (PPI) was higher than expected; world oil prices fell slightly, with Brent crude trading at $73.50/barrel and WTI crude at $70.11/barrel.

The problem: The global financial market is facing significant volatility, creating considerable pressure on investors and business decisions.

Advice: Investors should carefully consider their decisions, closely monitor market developments and monetary policies to develop appropriate strategies to minimize risks and maximize returns.

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