Gold price today, November 6, the world market has recovered to nearly 4,000 USD/ounce. Meanwhile, domestic gold price continues to fall sharply.

Gold price today 11/6, world increases again

The world spot gold price in the Asian market at 6:30 a.m. this morning, November 6 (Vietnam time) was trading at around 3,973 USD/ounce, up 36 USD/ounce compared to yesterday’s trading session.

The world spot gold price closed the session in the US market early this morning (Vietnam time) at around 3,978 USD/ounce, a sharp increase of 47 USD/ounce compared to the previous session close in this market.

Source: Trading Economics

According to Kitco News, gold prices rose and were almost stable in the trading session yesterday. Safe-haven demand emerged mid-week as global stock markets remained quite uncertain amid speculation about overvalued US stocks and the AI ​​stock bubble.

The US government shutdown is the longest in history and there is no sign of a solution soon, the economic damage is getting worse.

Now in its 36th day, the federal government shutdown has surpassed the previous record set in early 2019 during President Trump’s first term.

Each week that passes costs the economy between $10 billion and $30 billion, according to analysts, further bolstering the case for gold as a safe haven.

Meanwhile, the gold market is maintaining a good growth momentum thanks to better-than-expected employment data. However, this precious metal still has a long way to go as the price remains below $4,000/ounce.

The US economy continued to create jobs, albeit at a slower pace than earlier in the year and with only a few sectors posting gains. The report said education and health care, along with trade, transportation and utilities, led the gains.

For the third consecutive month, employers cut jobs in the professional, information, leisure and hospitality business services sectors.

While gold is attracting some bargain hunters as it holds initial support above $3,900 an ounce, some analysts say it could struggle as weak jobs data supports comments from Federal Reserve Chairman Jerome Powell that a December rate cut is not a sure thing. The Fed has been reluctant to cut rates for much of the year as inflation pressures remain high and the labor market remains relatively healthy.

Domestic gold prices continue to fall

Gold price today, November 6, as of 6:30 am, recorded SJC gold and rings continued to decrease sharply compared to the same time yesterday.

Accordingly, the price of SJC gold bars at Doji Group in Hanoi and Ho Chi Minh City markets is trading at around 145.5 – 147.5 million VND/tael (buy – sell), a sharp decrease of 700,000 VND/tael in both buying and selling compared to the same time yesterday. The difference between buying and selling is 2 million VND/tael.

At Bao Tin Minh Chau, today SJC gold price is traded at 146 – 147.5 million VND/tael (buy – sell), down sharply by 1.2 million VND/tael in buying and down sharply by 700,000 VND/tael in selling compared to the same time yesterday. The difference between the two buying and selling prices is 1.5 million VND/tael.

The price of SJC gold bars at Phu Quy is trading around 144.5 – 147.5 million VND/tael (buy – sell), a sharp decrease of 700,000 VND/tael in both buying and selling compared to the same time yesterday. The difference between buying and selling is 3 million VND/tael.

Gold price today November 6, SJC gold and rings continue to decrease sharply compared to the same time yesterday morning.

For gold rings, the price of the Thang Long Dragon Gold plain round ring at Bao Tin Minh Chau is trading at 144.8 – 147.8 million VND/tael (buy – sell), a sharp decrease of 900,000 VND/tael in both buying and selling compared to the same time yesterday. The difference in buying and selling is 3 million VND.

The price of Doji Hung Thinh Vuong 9999 gold rings of Doji Group in Hanoi market is traded at 143.5 – 146.5 million VND/tael, a sharp decrease of 1.5 million VND/tael in both buying and selling compared to the same time yesterday. The difference between the two buying and selling prices is 3 million VND.

The price of 999.9 smooth round gold rings at Phu Quy Company is trading around 144.5 – 147.5 million VND/tael, a sharp decrease of 700,000 VND/tael in both buying and selling compared to the same time yesterday. The difference between buying and selling is 3 million VND/tael.