Update SJC gold price
The difference between buying and selling SJC gold increased, causing investors to increase the risk of loss when making short-term investments. However, buying gold bars at this time is very difficult.
Round gold ring price 9999
As of 7:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 75.75-77.00 VND/tael (buy - sell); Reduced 250,000 VND/tael for both buying and selling.
Saigon Jewelry Company lists gold ring prices at 75.55-76.95 million VND/tael (buy - sell); Reduced 250,000 VND/tael for both buying and selling.
Bao Tin Minh Chau listed the gold ring price at 75.73-77.03 million VND/tael (buy - sell); Reduced by 200,000 VND/tael for both buying and selling.
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 7:00 p.m. today, the world gold price listed on Kitco was at 2,365 USD/ounce, a deep decrease of 47.6 USD/ounce compared to yesterday's closing session.
Gold price forecast
World gold prices plummeted despite the decline in the USD index. Recorded at 7:00 p.m., the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,982 points (down 0.13%).
Gold prices reversed sharply in today's trading session, surprising many investors because the precious metal still has many supporting factors.
In the latest forecast, JP Morgan Bank maintains its world gold price forecast at an average of 2,500 USD/ounce in 2024 and 2,600 USD/ounce in 2025. The average price also means that there will be times when Gold exceeded the threshold of 2,500 USD/ounce.
Mr. Chris Gaffney - senior official at EverBank - said that market expectations about the possibility that the US Federal Reserve (FED) may decide to cut interest rates earlier than September is the supporting factor. current gold price subsidy.
According to the CME FedWatch Tool, the market predicts there is a 100% chance that the FED will cut interest rates in September.
Investors turned their attention to US economic data to be released this week to look for new signals on when the central bank will cut interest rates.
According to Kitco, the US Bureau of Economic Analysis will announce the personal consumption expenditures (PCE) price index for June on Friday (July 26). This report is especially important because core PCE is the Fed's preferred measure of inflation. Economists expect core PCE, which excludes volatile food and energy prices, to rise 0.10% month-on-month, up slightly from 0.08% in May.
