Updated SJC gold price
As of 6:15 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND89.4-91.7 million/tael (buy in - sell out), unchanged in both directions.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2.3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at VND89.6-91.7 million/tael (buy - sell), down VND200,000/tael for buying and kept the same for selling. The difference between the buying and selling prices of SJC gold was listed by Bao Tin Minh Chau at 2.1 million VND/tael.
DOJI Group listed the price of SJC gold bars at VND89.4-91.7 million/tael (buy in - sell out), unchanged in both directions. The difference between the buying and selling prices of SJC gold was listed by DOJI at 2.3 million VND/tael.
9999 round gold ring price
As of 6:15 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 90-91.7 million VND/tael (buy in - sell out); both buying and selling prices remain unchanged. The difference between buying and selling is listed at 1.7 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 90.2-91.8 million VND/tael (buy - sell); increased by 150,000 VND/tael for buying and kept the same for selling. The difference between buying and selling is 1.6 million VND/tael.
World gold price
As of 6:10 p.m., the world gold price listed on Kitco was at 2,936.2 USD/ounce, down 2.1 USD/ounce compared to the same time of the previous session.
Gold price forecast
World gold prices increased slightly despite the increase in the USD. Recorded at 6:10 p.m. on February 22, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.520 points (up 0.24%).
After the first weeks of US President Donald Trump's second term caused strong fluctuations in precious metal prices, this week, the gold market has had a more stable development, focusing on economic data.
Kitco News' weekly gold survey shows that industry experts are increasingly cautious about gold's short-term prospects, while individual investors are more optimistic about the possibility of price increases.
17 experts participated in the Kitco News gold survey, with optimism on Wall Street continuing to be restrained. 9 experts (53%) predict gold prices will increase next week. Four (24%) see prices falling, while the other four see gold moving sideways.
Meanwhile, 204 individual investors participated in Kitco's online survey, with an increasingly optimistic sentiment. 144 people (71%) expect gold prices to rise next week, 34 people (17%) predict gold will fall, and 26 people (13%) expect gold prices to move sideways in the short term.
Economic event schedule next week may affect gold prices
Investors will closely monitor the results of Germany's parliamentary elections on Sunday. On Tuesday morning, the US Consumer Confidence report for February will be released, followed by the New Homeowned Sales data for January on Wednesday.
Thursday, the market will receive a preliminary report on US Q4 GDP, January long-term goods orders and weekly unemployment claims, followed by US home purchase contract data pending processing late in the morning.
However, the most important event of the week will be the US core PCE index on Friday, along with the January personal income and spending report. This is the FED's preferred inflation measure, helping gold traders assess the interest rate outlook in the coming time.
Note: The article data compares with the same time of the previous trading session.
See more news related to gold prices HERE...
