Update SJC gold price
As of 7:00 p.m., the price of SJC gold bars was listed by DOJI Group at 87-89 million VND/tael (buy - sell).
Compared to 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 prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 87-89 VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 1 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
Price of round gold ring 9999
As of 7:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 86.8-87.8 million VND/tael (buy - sell); an increase of 800,000 VND/tael for both buying and selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 86.28-87.78 million VND/tael (buy - sell); an increase of 300,000 VND/tael for buying and an increase of 800,000 VND/tael for selling compared to the close of the previous trading session.
World gold price
As of 7:10 p.m., the world gold price listed on Kitco was at 2,733.8 USD/ounce, up 3.6 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices increased sharply despite the high USD index. Recorded at 7:10 p.m. on October 22, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103,760 points (down 0.07%).
Gold’s gains came despite a stronger dollar and U.S. Treasury yields. The benchmark 10-year Treasury yield rose to a 12-week high on Oct. 21, while the dollar held steady at a 2-1/2-month high.
A number of factors are supporting gold prices, including its status as an attractive hedge against geopolitical risks, buying demand from major central banks and exchange-traded funds (ETFs), said Yeap Jun Rong, a strategist at IG Bank.
This expert said that it is not impossible that gold will soon reach the $2,800/ounce mark, as the US election is approaching and global geopolitical uncertainties continue.
Meanwhile, geopolitical tensions in some regions of the world still support gold prices.Conflicts in the Middle East show no signs of cooling down and markets are still cautious about the possibility of Israel retaliating against Iran.
According to Kitco - spot gold prices have risen more than 32% this year, despite geopolitical risks trending downward. So why is this happening, what can we expect next and is it time to take profits?
There is no one-size-fits-all answer. Investment decisions should be based on individual goals and risk tolerance, not market fluctuations.
The latest CME Fedwatch tool shows that markets are pricing in an 89% chance that the US Federal Reserve will cut interest rates by another 0.25 percentage points at its November 2024 meeting.
