Global Gold Prices Edge Up on November 9; Hanoi SJC Gold Prices Announced
On the morning of November 9, spot gold and U.S. gold futures for December delivery both rose 0.2%. Falling oil prices eased inflation concerns, but U.S. jobs data strengthened expectations of an interest rate increase, limiting gold’s gains. SJC gold in Hanoi was quoted at 138 million to 141 million Vietnamese dong per tael.
At 7:16 a.m. on November 9 (Vietnam time), international spot gold rose 0.2% to $4,073.59 per ounce; U.S. gold futures for December 2026 delivery also rose 0.2% to $4,082.30 per ounce. Falling oil prices eased inflation concerns and lifted gold prices slightly, but expectations for U.S. interest rates limited the gains.
U.S. President Donald Trump said he was unlikely to order further military action against Iran while talks to end the conflict continued. Despite reports of shipping disruptions in the Strait of Hormuz, his remarks pushed oil prices lower, easing global inflationary pressure.
Gold jewelry on display at a jewelry store in Ankara, Turkey.（VietVance）
U.S. job growth accelerated in October and the unemployment rate fell to 4.1%, strengthening market expectations that the Federal Reserve would raise interest rates by year-end. According to CME Group’s FedWatch tool, traders put the probability of a Fed rate increase in December at 79%, up from 71% before the jobs data was released. Higher interest rates typically reduce the appeal of non-yielding assets such as gold.
Among other precious metals, spot silver rose 0.9% to $52.32 per ounce, while platinum gained 0.8% to $1,545.13 per ounce. At 7:44 a.m. on November 9, Saigon Jewelry Company quoted SJC gold in the Hanoi market at 138 million Vietnamese dong per tael for buying and 141 million Vietnamese dong per tael for selling.
Source: VietVance
