Update SJC gold price
As of 5:40 p.m., the price of SJC gold bars was listed by DOJI Group at 83-85 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 83 - 85 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at Bao Tin Minh Chau remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
Price of round gold ring 9999
As of 5:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 82.95-83.85 million VND/tael (buy - sell), unchanged in both directions compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of plain round rings at 82.93-83.83 million VND/tael, unchanged in both directions compared to the previous trading session.
World gold price
As of 5:30 p.m., the world gold price listed on Kitco was at 2,655.6 USD/ounce, down 3.9 USD/ounce.
Gold Price Forecast
World gold prices fell slightly despite the decline in the USD index. Recorded at 5:30 p.m. on October 15, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 102.862 points (down 0.22%).
According to the CEO of deVere Group (one of the world's leading independent financial advisory and asset management companies), the world gold price is likely to reach an unprecedented high in early 2025.
The precious metal is poised for a rally that could shatter previous records, said Nigel Green of deVere Group. According to The Indian Express, Nigel Green’s bullish outlook is driven by three key factors affecting global markets: increased central bank buying, interest rate cuts by the US Federal Reserve, and geopolitical tensions.
Steven Kibbel, a certified financial planner and senior editor at InternationalMoneyTransfer.com, predicts that gold prices could reach $3,000 an ounce by early 2025 and $2,800 by 2024.
Florian Grummes, CEO of Midas Touch Consulting, said that since the end of June alone, the price of gold has increased by about $400/ounce.
“The return of Western investors to the precious metals sector is expected to lead to further demand in the coming months. This could further strengthen the precious metals market and contribute to the medium-term gold price to $3,000/oz. Either way, this pullback will serve as a springboard for the next rally,” Grummes said.
The economic calendar is relatively light this week, but markets will still be watching U.S. retail sales data on Thursday to see if consumer spending continues to be resilient. The other big news event is the European Central Bank's monetary policy decision early Thursday.
See more news related to gold prices HERE...
