World gold in free fall?

The gold value listing right this moment November 1 shall be repeatedly up to date by Tri Thuc and Life Newspaper in gold value and market information. To rapidly replace right this moment’s gold value info, readers please press F5, details about SJC gold value, 9999 gold value, DOJI gold value, PNJ gold value, Bao Tin Minh Chau gold value, gold value 24k, 18k gold value… shall be repeatedly up to date by BTV.

Home gold value

On the finish of the October 31 buying and selling session, the value of SJC gold bars was listed by Doji Group, Bao Tin Minh Chau, PNJ, and Saigon Jewellery Firm at 88.00 – 90.00 million VND/tael (shopping for). – offered), unchanged from yesterday.

In the meantime, value gold ring solely barely elevated. Particularly, Doji Group listed the gold ring value at 88.65 – 89.65 million VND/tael (purchase – promote).

SJC Firm listed the gold ring value at 87.7 million VND/tael (shopping for) and 89.20 million VND/tael (promoting).

Bao Tin Minh Chau additionally adjusted the value of gold rings to 88.58 million VND/tael (shopping for) and 89.58 million VND/tael (promoting), a rise of 600,000 VND.

World gold value

At 11:18 p.m. on October 31, Vietnam time, the world gold value on Kitco reached 2,741.70 – 2,742.70, down 44.7 USD/ounce in comparison with the earlier buying and selling session.

Within the first half of 2024, the gold market is pushed by file demand from central banks and unprecedented commerce demand in Asia, particularly China. To this point, that preliminary momentum within the gold market remains to be maintained as Western investor demand will increase in different segments of the market, in response to the newest report from the World Gold Council (WGC). ).

On the 2024 Valuable Metals Convention, Mr. Joseph Cavatoni – Chief Market Strategist for North America of the World Gold Council (WGC) stated that the rate of interest discount cycle of the US Federal Reserve (Fed) able to supporting gold costs. He stated that, even with rate of interest cuts that aren’t too sturdy, this development nonetheless pushes traders to return to gold, due to the dear metallic’s threat safety worth.