Gold price Today, December 18, on the international market, experts predict that there is a lack of motivational factors to increase prices in the near future. Domestic gold price
At the end of the session on December 16, the price of 9999 gold bars at SJC Ho Chi Minh City was 73.35 million VND/tael (buy) and 74.35 million VND/tael (sell). SJC Hanoi listed at 73.35 million VND/tael (buy) and 74.37 million VND/tael (sell).
DOJI Hanoi listed at 73.2 million VND/tael (buy) and 74.4 million VND/tael (sell). DOJI Ho Chi Minh City bought SJC gold at 73.4 million VND/tael and sold at 74.4 million VND/tael.
International gold price today December 18, 2023
Gold prices on the Kitco floor ended last week's session at $2,029/ounce. Gold futures for February 2024 delivery on the Comex New York floor traded at $2,058/ounce.
Kitco's latest survey shows that most investors expect gold prices to continue to rise in the coming time, while market analysts have a more cautious view.
Experts see a lack of momentum for gold prices to increase. Adrian Day, chairman of Adrian Day Asset Management, predicts that gold prices may fall in the coming time due to excessive impact from expectations that the US Federal Reserve (Fed) will lower interest rates early next year. The US central bank will not cut interest rates anytime soon.
Sharing the same view, Jim Wyckoff, senior analyst at Kitco, predicts that gold prices will be range-bound in the near term, but the long-term trend is bullish.
Gold Price Forecast
The gold market lacks many factors that will create momentum for further gains between now and the new year, said Darin Newsom, senior market analyst at Barchart. The buying momentum appears to be exhausted.
Gold prices will continue to stabilize around $2,000 an ounce, said Phillip Streible, chief market strategist at Blue Line Futures.
