Update SJC gold price
Round gold ring price 9999
As of 6pm today, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 77.15-78.35 million VND/tael (buy - sell); an increase of 100,000 VND/tael in buying direction and an increase of 50,000 VND/tael compared to the closing session of the previous session.
Saigon Jewelry Company lists gold ring prices at 77.1 - 78.4 million VND/tael (buy - sell); increased by 50,000 VND/tael in both buying and selling directions compared to the previous session's close.
Bao Tin Minh Chau listed the gold ring price at 77.08-78.38 million VND/tael (buy - sell); an increase of 120,000 VND/tael of purchased afternoon tea and an increase of 100,000 VND/tael of sold afternoon afternoon tea compared to the closing session of the previous session.
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 6:30 p.m., the world gold price listed on Kitco was at 2,509 USD/ounce, down 13.3 USD/ounce compared to last week's closing session.
Gold price forecast
World gold prices decreased despite a slight decrease in the USD index. Recorded at 6:30 p.m. on August 21, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 101,387 points (up 0.09%).
According to Bloomberg news agency, spot gold prices have skyrocketed more than 20% this year and are on track for the strongest year since 2020. Forecasting even higher gold prices could be a sign that investors Investors expect the US Federal Reserve (FED) will soon cut benchmark interest rates.
Currently, the market is paying attention to the fact that the FED will announce the minutes of its July 2024 policy meeting today, August 21, and the speech of FED Chairman - Mr. Jerome Powell on the US economic outlook on August 23.
Investors still consider gold a safe haven during times of economic uncertainty and escalating geopolitical tensions.
Mr. Antonio Ernesto Di Giacomo - a senior market analyst at trading platform XS said that the recent increase in gold prices reflects increased instability.
"Gold prices rose above 2,500 USD/ounce - a record level reflecting growing global economic instability and investors continuing to seek safety. With economic, geopolitical and monetary factors currency is driving this increase, gold is consolidating its position as a safe haven in times of volatility" - this expert said.
Agreeing with Mr. Antonio, strategist Joseph Cavatoni at the World Gold Council assessed that geopolitical instability, an increase in speculative activities and capital inflows into global ETFs are the driving forces behind prices. Yellow. Central banks led by China are also buying gold to reduce their dependence on the dollar.
