Update SJC gold price
As of 5:00 p.m., the price of SJC gold bars was listed by DOJI Group at 80-82 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, Saigon Jewelry Company listed the price of SJC gold at 80-82 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Price of round gold ring 9999
As of 5:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 79.4-80.55 million VND/tael (buy - sell); an increase of 800,000 VND/tael for buying and an increase of 850,000 VND/tael for selling compared to the closing price of yesterday's trading session.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 79.39-80.54 million VND/tael (buy - sell), an increase of 810,000 VND/tael for buying and an increase of 860,000 VND/tael for selling compared to the closing price of yesterday's trading session.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
As of 5:00 p.m., the world gold price listed on Kitco was at 2,622.2 USD/ounce, up 9.7 USD/ounce.
Gold Price Forecast
World gold prices increased despite the increase in the USD index. Recorded at 5:00 p.m. on September 21, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 100,420 points (up 0.1%).
The latest Kitco News weekly gold survey shows that investors are bullish on gold prices next week, while industry experts are evenly split between bullish and bearish views in the short term.
This week, 19 analysts participated in the Kitco News gold survey, and the majority see gold prices rising or at least trading sideways. Nine analysts see gold prices rising next week, while eight see it trading sideways. Only two see gold trading lower next week.
Meanwhile, 189 votes were cast in Kitco's online poll, with most Main Street investors returning to their bullish outlook.
129 retail traders expect gold prices to rise next week, while 29 see gold trading lower. The remaining 31 respondents expect prices to trade sideways next week.
Jerry Prior, managing director and senior portfolio manager at KMLM, said that after comments from Federal Reserve Chairman Jerome Powell, gold is unlikely to see a sharp increase in the near future. However, the precious metal will continue to see a steady increase, Prior said.
Mind Money CEO Julia Khandoshko also expects gold prices to consolidate before heading toward $3,000 an ounce, adding that it is unlikely to reach that long-term target before the end of the year.
While gold remains in a strong technical uptrend, investors should be prepared for some volatility in the near term, according to StoneX Group market analyst Fawad Razaqzada. However, he still believes that lower prices will be a long-term buying opportunity for investors.
The main event next week that could have a big impact on gold prices is the release of the US core personal consumption expenditure (PCE) index for August, the Fed’s preferred inflation gauge, due Friday morning.
