Update on the closing price of gold on January 26: Loss when surfing

Update SJC gold price

As of 7:30 p.m., DOJI Group listed gold bar prices at 86.9-88.9 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the price of SJC gold bars at DOJI increased by VND2 million/tael for both buying and selling. The difference between the buying and selling prices of SJC gold at DOJI Group is at VND2 million/tael.

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 86.8-88.8 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company increased by VND1.9 million/tael for both buying and selling. The difference between the buying and selling prices of SJC gold at DOJI Group is at VND2 million/tael.

If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC in the session of January 19 and selling it in today's session (January 26), gold buyers at DOJI Group will break even, while buyers at Saigon Jewelry Company SJC will lose 100,000 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

At the same time, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 86.6-88.1 million VND/tael (buy - sell); an increase of 2 million VND/tael for buying and an increase of 1.9 million VND/tael for selling compared to the closing price of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 86.6-88.9 million VND/tael (buy - sell); an increase of 1.7 million VND/tael for buying and 2.05 million VND/tael for selling compared to the closing price of last week's trading session.

If buying gold rings in session 19.1 and selling in session today (26.1), buyers at DOJI will profit 400,000 VND/tael; meanwhile, buyers at Bao Tin Minh Chau will still lose 225,000 VND/tael.

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

At the close of the weekly trading session, the world gold price listed on Kitco was at 2,770.8 USD/ounce, up 67.7 USD/ounce compared to the close of the previous week's trading session.

Gold Price Forecast

World gold prices are anchored high amid a decline in the USD index. Recorded at 7:30 p.m. on January 26, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107.250 points (down 0.57%).

After a breakout week, gold prices continue to receive very positive forecasts from experts. This week, 10 analysts participated in the Kitco News gold survey. Eight experts (80%) expect gold prices to rise next week, only one expert (10%) predicts a fall and another expert believes that gold will move sideways in the short term.

Meanwhile, 169 votes were cast in Kitco’s online poll. 118 retail traders (70%) predicted gold prices would rise next week, while 25 (15%) said they would fall. The remaining 26 (15%) predicted gold prices would fluctuate sideways in the coming period.

Next week's economic calendar will focus on central banks around the globe, with the US Federal Reserve and Bank of Canada announcing interest rate decisions on Wednesday, followed by the European Central Bank on Thursday.

Markets will also be paying attention to a number of U.S. economic data, including December new home sales on Monday, durable goods and consumer confidence reports on Tuesday, fourth-quarter GDP, weekly jobless claims and pending home sales on Thursday, and PCE, personal income and personal spending on Friday morning.