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 80.1-81.2 million VND/tael (buy - sell), a sharp increase of 700,000 VND/tael for buying and 650,000 VND/tael for selling.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 79.98 - 81.08 million VND/tael (buy - sell), an increase of 590,000 VND/tael for buying and an increase of 540,000 VND/tael for selling.
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 5:15 p.m., the world gold price listed on Kitco was at $2,622.9/ounce, almost unchanged from the close of yesterday afternoon.
Gold Price Forecast
World gold prices hit record highs despite rising USD index. Recorded at 5:15 p.m. on September 23, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100.702 points (up 0.28%).
Despite being at a record high, gold prices are still receiving quite positive forecasts. Adrian Day - Chairman of Adrian Day Asset Management is one of the experts predicting an increase in gold prices: "Currently, the gold price increase seems unstoppable, although there will be times of pause or retreat."
Colin Cieszynski, chief market strategist at SIA Wealth Management, said he remains bullish on gold this week: "After hitting a new record high, technically it looks like a new rally may have begun."
Marc Chandler, CEO of Bannockburn Global Forex, sees the precious metal moving sideways this week: “Gold hit our $2,600/ounce target mid-week after the Fed cut interest rates by 50 basis points. It has since turned lower.”
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.
