Nghe An gold price today (November 26): reversed and decreased in both directions
According to records, the listed gold prices at gold shops in Nghe An this morning, November 26, were lower than yesterday, November 25, both buying and selling.
From around 6am on November 26, the world gold price dropped to 2,625 USD/ounce, a sharp decrease of 96 USD compared to the highest price in last night's trading session of 2,721 USD/ounce.
Gold prices plunged as the market received news that the situation in the Middle East could cool down. Israel and Lebanon agreed on the terms of an agreement to end the conflict between Israel and Hezbollah. Since then, the demand for safe haven capital has decreased. Gold traders are worried about risks and quickly sell to recover capital.
At the beginning of this morning's trading session, Saigon Jewelry Company (SJC) listed the price of 1-5 ring gold at only 82.7-84.7 million VND/tael (buy - sell), down 1.3 million VND for buying and down 900,000 VND for selling compared to the end of yesterday's trading session.
Similarly, Doji Gold and Gemstone Group also lowered the price of 9999 gold rings to 83-84.7 million VND/tael (buy - sell), down 1.3 million VND for buying and down 1.1 million VND for selling compared to yesterday's closing price.
In Nghe An, the gold price also decreased in both buying and selling directions, fluctuating from 1.5 - 2 million VND/tael compared to yesterday, November 25. According to the reporter's records at 9:00 a.m. on November 26, 9999 gold rings were listed by gold shops as follows: AJC bought at 81.90 million VND/tael, sold at 85.30 million VND/tael; IJC bought at 82.30 million VND/tael, sold at 85.50 million VND/tael; Phu Nguyen bought at 80.50 million VND/tael, sold at 84.85 million VND/tael; Kim Thanh Huy bought at 82.50 million VND/tael, sold at 86.50 million VND/tael...
Darin Newsom, an expert from Barchart, predicts that gold prices may correct lower in the short term. In the long term, he still believes that the upward trend of gold prices will continue until the end of this year.
Experts at CPM Group predict that gold prices could reach $2,730 an ounce in the next two weeks, thanks to economic and political factors. Experts warn that there may be profit-taking in December.
