Gold price decreased at the beginning of the week, the difference increased sharply

At 8:20 a.m. on November 23, SJC gold selling price decreased to 33.37 million VND/tael, 4.23 million VND/tael higher than world gold price.

Opening this week's trading session, Saigon Jewelry Company listed the buying and selling price of SJC gold in Ho Chi Minh City at 33.13-33.37 million VND/tael, and in Hanoi at 33.13-33.39 million VND/tael.

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Compared to the closing price of last week, the current price of SJC gold has decreased by 30,000 VND/tael in both buying and selling directions.

The difference between buying and selling prices at this time is 240,000 VND in Ho Chi Minh City and 260,000 VND in Hanoi.

The world gold price in the Asian session is 1,075 USD/oz, down 4 USD compared to the end of last week. Converted to Vietnamese currency at the exchange rate of 22,500 VND/USD, the world gold price is equivalent to 29.14 million VND/tael, 4.23 million VND/tael lower than SJC gold.

Forecasting the world gold price trend this week, according to a survey by Kitco News, gold prices are still under pressure from the steady growth of the USD and expectations that the Fed will raise interest rates in December. The majority of retail investors believe that gold prices will continue the downward trend of last week. 56% of retail investors expressed a rather negative sentiment towards the yellow metal in the short term. Only 34% of investors predict that gold will increase in price, the remaining 10% have a neutral view on gold prices this week./.

According to VOV