Just opened the door and it fell hard.

(NLDO) – World gold prices fell sharply as soon as the first trading week of December opened, causing the prices of SJC gold bars and 99.99 gold rings to also fall.

Specifically, on the morning of December 2, the price of gold today on the international market dropped about 15 USD/ounce, down to 2,634 USD/ounce.

World gold prices continued to fall amid the rebound of the US dollar in the international market. Currently, the US dollar index increased slightly by 0.36% to 106.2 points.

Meanwhile, the US personal consumption expenditure (PCE) index in November still increased by 2.8% compared to the same period last year, higher than the forecast and the US Federal Reserve's (FED) target of 2%. These factors may make the FED more cautious in continuing to cut interest rates in the short term.

Gold price today continued to decrease as soon as it opened

In the domestic market, SJC Company is trading SJC gold bars at 82.8 million VND/tael for buying and 85.3 million VND/tael for selling, down half a million VND/tael compared to last weekend.

ACB Bank bought SJC gold bars at 83.8 million VND/tael and sold at 85.3 million VND/tael, the buying price was 1 million VND/tael higher than the price at travel companies.

Similarly, the price of plain gold rings also dropped sharply. SJC Gold Company traded 99.99 gold rings at VND82.4 million/tael for purchase and VND84.2 million/tael for sale, down half a million VND/tael compared to the end of the week.

Gold prices today dropped sharply for SJC gold bars and 99.99 gold rings.

PNJ and DOJI companies raised the buying price of plain gold rings to 82.9 million VND/tael, the selling price at DOJI was 83.9 million VND while at PNJ it was up to 84.4 million VND/tael.

Commenting on the gold price trend this week, gold expert Tran Duy Phuong said that gold prices are having a short-term adjustment.

However, in the medium and long term, there are still many factors supporting the increase of precious metals, especially the interest rate reduction roadmap of the FED and central banks of countries; the conflict situation in the Middle East has not calmed down and the demand for gold of central banks of countries still maintains a strong increase...

Currently, the world gold price converted according to the listed exchange rate is about 80.7 million VND/tael, about 3.5 million VND/tael lower than gold rings and about 4.5 million VND/tael lower than SJC gold bars.

Source: https://nld.com.vn/gia-vang-hom-nay-2-12-vua-mo-cua-lai-rot-manh-196241202092123797.htm