Updated gold price at the end of the session on October 23: Reversal to recovery

SJC gold bar price

As of 7:00 p.m., DOJI Group listed the price of SJC gold bars at 147.5-149.5 million VND/tael (buy in - sell out), an increase of 900,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold. 2 million VND/tael.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 147.5-149.5 million VND/tael (buy in - sell out), an increase of 900,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold. 2 million VND/tael.

Phu Quy Gold and Stone Group listed the price of SJC gold bars at 147-149.5 million VND/tael (buy - sell), an increase of 400,000 VND/tael for buying and an increase of 900,000 VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.

9999 gold ring price

As of 6:20 p.m., DOJI Group listed the price of gold rings at 146.4-149.4 million VND/tael (buy - sell), an increase of 900,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 150.5-153.5 million VND/tael (buy - sell), an increase of 600,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 146.5-149.5 million VND/tael (buy - sell), an increase of 600,000 VND/tael for both buying and selling. The difference between buying and selling is 3 million VND/tael.

The high buying and selling distance increases the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

World gold price

The world gold price was listed at 19:25 at 4,100.4 USD/ounce, up 69.3 USD compared to a day ago.

Gold price forecast

Gold prices increased in the trading session on Thursday, as new US sanctions against Russia and the possibility of issuing additional export control measures against China increased geopolitical risks, while investors waited for important US inflation data this week to find more signals on the interest rate roadmap.

The Trump administration is considering a plan to limit a range of high-tech exports to China - from laptops to rocket engines - in response to Beijing's expansion of control of rare earth exports in the latest measure.

In another development, US President Donald Trump has imposed sanctions on Russia - the first of his second term - targeting major oil and gas corporations such as Lukoil and Rosneft.

Mr. Brian Lan - CEO of Gold Silver Central, commented: "In the long term, the outlook for gold prices is still positive, but in the short term, investors need to be cautious because the fluctuations are at a very large level."

The focus this week is the US Consumer Price Index (CPI) report, due out on Friday after being delayed due to government shutdowns. The report is expected to show core inflation remaining at 3.1% in September.

Investors have almost completely priced in the possibility of the US Federal Reserve (FED) cutting interest rates by another 25 basis points at its meeting next week.

Gold often tends to increase in a low interest rate environment, due to the opportunity cost of holding non-yielding assets such as gold decreasing.

Mr. Mark Haefele - global investment director of UBS, commented in a report: "We continue to consider gold as an effective portfolio diversification tool, and the next increase to about 4,700 USD/ounce is completely possible if there are adverse factors in the macro economy or politics."