Gold value as of late November 21, 2024 at the world marketplace recovered and greater sharply after being careworn by way of profit-taking and a powerful USD. SJC gold bars greater by way of 2.7 million VND after 3 days, whilst undeniable rings greater by way of greater than 3 million.
On the finish of the buying and selling consultation on November 20, the home SJC 9999 gold bar value was once indexed by way of SJC and Doji Jewellery Staff in Hanoi and Ho Chi Minh Town at 82.7-85.7 million VND/tael (purchasing). – bought), greater by way of 700,000 VND/tael in each instructions in comparison to the former consultation.
Gold ring costs proceed to skyrocket after just about 2 weeks of downward force.
At the afternoon of November 20, Saigon Jewellery Corporate Restricted (SJC) indexed the cost of gold rings of varieties 1-5 at best 82.7-84.9 million VND/tael (purchase – promote), an building up of 700,000 VND. /amount at the purchasing aspect and an building up of 900,000 VND at the promoting aspect in comparison to the former consultation. Doji indexed the cost of 9999 undeniable spherical gold ring at 84.3-85.3 million VND/tael (purchase – promote), an building up of 500,000 VND in each instructions.
Thus, gold bars greater by way of 2.7 million VND after 3 days, whilst undeniable rings greater by way of greater than 3 million.
International gold costs within the November 20 consultation had been underneath force to promote for cash in after emerging sharply to two,640 USD prior to now and force from a robust USD. Then again, costs have a tendency to extend once more.
By means of 8:00 p.m. November 20 (Vietnam time), as of late’s spot gold value at the international marketplace recovered to two,640 USD/ounce. Gold delivered in December 2024 at the Comex New York flooring is at 2,638 USD/ounce.
Gold costs skyrocketed. Picture: HH
The sector gold value at the night time of November 20 is ready 28% upper (577 USD/ounce) in comparison to the start of 2024. International gold value transformed by way of financial institution USD value is at 81.9 million VND/tael, together with taxes and rate, about 3.8 million VND/tael less than the home gold value nowadays afternoon on November 20.
Gold costs within the world marketplace became up once more after prior to now being underneath sturdy profit-taking force and a powerful USD. SJC gold bars greater by way of 2.7 million VND after 3 days, whilst undeniable rings greater by way of greater than 3 million.
Gold soared in spite of heavy promoting force and a powerful USD.
The DXY index – measuring the fluctuations of the dollar in comparison to 6 different primary currencies – at the night time of November 20 (Vietnam time) jumped to 106.7 issues, in comparison to 105.82 issues on November 12, or degree of 105.4 issues at the night time of November 6 and 103.7 issues at the night time of November 5.
Gold costs greater because of bottom-fishing call for skyrocketing within the context of accelerating Russia-Ukraine tensions. President-elect Donald Trump is not likely to finish the Ukraine struggle quickly after coming to energy on January 20.
Gold value forecast
The call for for gold bottoming greater swiftly when traders believed that the conflicts in Ukraine and the Center East had been not likely to chill down quickly.
Whilst the Biden management in addition to Europe are strongly supporting Ukraine, it’s not likely that Mr. Trump can take measures to unravel the struggle.
Within the Center East, the location is possibly much more difficult because of the character of land and non secular disputes.
Money glide is pouring closely into USD and gold, as a substitute of dangerous property.
It is a very sturdy supporting issue for valuable steel merchandise.
Technical research presentations that gold costs are being hindered by way of the mental threshold of two,700 USD/ounce however are being strongly supported at 2,622 USD and particularly the mental threshold of two,600 USD/ounce.
In the past, traders anticipated that Mr. Trump may just finish the Ukraine struggle inside 24 hours as he introduced after being elected on November 5. Expectancies that geopolitical tensions will cool in lots of spaces have driven gold down, from a height of two,789 USD/ounce recorded on October 30 to two,540 USD on November 14.
Theo vietnamnet.vn
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