Update SJC gold price
As of 7:50 p.m., the price of SJC gold bars was listed by DOJI Group at 84-86 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 1 million VND/tael for both buying and selling.
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 84 - 86 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 1 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
9999 round gold ring price
As of 7:50 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.35-84.35 million VND/tael (buy - sell), an increase of 400,000 VND/tael for buying and an increase of 500,000 VND/tael for selling.
Bao Tin Minh Chau listed the price of plain round rings at 83.33-84.33 million VND/tael, an increase of 400,000 VND/tael for buying and 500,000 VND/tael for selling.
World gold price
As of 7:54 p.m., the world gold price listed on Kitco was at 2,681.4 USD/ounce, up 25.8 USD/ounce.
Gold Price Forecast
World gold prices increased sharply despite the increase in the USD index. Recorded at 5:30 p.m. on October 16, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 103.124 points (down 0.07%).
Spot gold is likely to return to its September 26 high of $2,685 an ounce as the precious metal breaks through resistance at $2,666 an ounce, Reuters technical analyst Wang Tao said.
ANZ commodity strategist Soni Kumari said the game-changer for gold was the loose monetary policy in the US, as it created the conditions for investment demand.Uncertainty surrounding the US election and geopolitical tensions will also support gold in the future.
Commerzbank said that if the media reports are correct and Israel refrains from attacking Iran's oil and nuclear facilities, geopolitical risks will ease and the support for gold from this development will fade.Commerzbank forecasts gold prices at $2,600 an ounce by the end of this year.
Markets will focus on U.S. retail sales, industrial production and weekly jobless claims data due this week for trading direction. Gold is often seen as a safe haven amid political and economic uncertainty.
See more news related to gold prices HERE...
