Update SJC gold price
As of 5:00 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND84-85.5 million/tael (buy - sell); an increase of VND500,000/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 1.5 million VND/tael.
Meanwhile, DOJI Group listed the price of SJC gold at 84-85.5 million VND/tael (buy - sell); an increase of 500,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 1.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 84-85.5 million VND/tael (buy - sell); increased 500,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 1.5 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 84.55-85.55 million VND/tael (buy - sell); an increase of 550,000 VND/tael for both buying and selling compared to the closing price of yesterday afternoon's trading session.
Bao Tin Minh Chau listed the price of gold rings at 84.6-85.8 million VND/tael (buy - sell), an increase of 2 million VND/tael for buying and 1.6 million VND/tael for selling compared to the closing price of yesterday afternoon's trading session.
World gold price
As of 5:00 p.m., the world gold price listed on Kitco was at 2,653.8 USD/ounce, up 19.9 USD/ounce compared to the same time of the previous session.
Gold Price Forecast
World gold prices increased amid a decrease in the USD index. Recorded at 5:00 p.m. on January 3, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 108.825 points (down 0.35%).
Gold futures entered 2025 on a strong note, hitting a two-week high, boosted by market uncertainty surrounding Donald Trump's upcoming economic policies and the possibility of reimposing additional tariffs, according to Kitco.
According to Trading Economics (an online platform that provides economic, financial and market data globally), “the rally has been fueled by loose US monetary policy, record buying from central banks and persistent geopolitical tensions, including Russia’s drone attacks on Kyiv on Wednesday and Israel’s military action in Gaza.”
Gold has shown remarkable strength over the past year, rising around 27% – its strongest one-year gain since 2010. The fundamentals that have fueled this impressive rally remain firmly rooted in current market sentiment, suggesting further upside potential.
The World Gold Council (WGC) believes that steady buying from central banks around the world continues to support current gold prices and could maintain upward pressure.
Several factors support a bullish outlook for gold in 2025. Persistent geopolitical tensions in Ukraine and the Middle East, combined with continued central bank accumulation of gold reserves, provide a solid foundation. Uncertainties surrounding economic policy changes and tariffs proposed by President-elect Donald Trump could continue to provide bullish momentum, pushing gold to new record highs.
However, recent statements from US Federal Reserve officials, including Chairman Jerome Powell, have struck a cautious note, with Powell highlighting new inflation risks that could reduce gold’s appeal as a non-yielding asset.
The Fed's latest Summary of Economic Projections (SEP) showed a significant adjustment in expectations for rate cuts this year, down from four 25 basis point cuts to two, totaling a half-percentage point reduction in the federal funds rate.
The CME FedWatch Tool currently shows an 88.8% chance that the Fed will maintain the current rate range of 4.25% to 4.50% at the January FOMC meeting. For March, the probability of maintaining the current rate is 47.9%, while the May outlook shows a 38.5% chance. The tool shows a 47.1% chance that the Fed will cut rates to a range of 4% to 4.25% by May 2025.
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