SJC gold bar price
Last week, SJC gold price dropped deeply, combined with the high difference between buying and selling gold, investors suffered heavy losses.
If you buy gold at DOJI Group on session 4.8 for 79.8 million VND/tael and sell it today, the investor will lose 3.3 million VND/tael. Similarly, gold buyers at Saigon SJC VBQ Company also lost 3.3 million VND/tael.
Currently, the price difference between buying and selling gold is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of loss when making short-term investments.
Gold ring price 9999
As of 6:00 a.m., the price of 9999 Hung Thinh Vuong plain round gold ring at DOJI was listed at 76.35-77.60 million VND/tael (buy - sell).
Saigon Jewelry Company lists the price of gold rings at 76.25-77.6 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the gold ring price at 76.38-77.58 million VND/tael (buy - sell).
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 6 a.m. on August 12, the world gold price listed on Kitco was at 2,430.7 USD/ounce.
Gold price forecast
World gold prices increased in the context of a slight decrease in the USD index. Recorded at 6 a.m. on August 12, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 102,980 points (down 0.04%).
Gold prices rose on strong demand for safe assets and growing expectations of a significant interest rate cut by the US Federal Reserve (FED) in September 2024.
Kitco News' latest weekly gold survey shows that most industry experts predict prices will move sideways this week. Meanwhile, most investors expect precious metals to increase.
10 analysts participated in Kitco News' gold survey. Most experts expect gold to stabilize this week. Six experts (equivalent to 60%) forecast that gold prices will trend sideways, while the remaining 40% believe that gold will increase further this week. No one predicts the price of this precious metal will decrease.
There were 210 votes cast in Kitco's online poll. Most Main Street investors still maintain their optimistic views. 130 retail traders expect gold prices to rise this week. Another 45 people predicted gold prices would drop lower. Meanwhile, the remaining 35 people forecast that the price will move sideways this week.
Colin Cieszynski - Chief Market Strategist at SIA Wealth Management - said: “I am neutral on gold this week. After ten days of volatility, the market may stabilize."
In the same opinion, Marc Chandler - General Director at Bannockburn Global Forex also predicted that gold prices will tend to move sideways: "I think the market may have exaggerated the Federal Reserve's ability to cut 50 basis points." US state (FED).
Adam Button - chief currency strategist at Forexlive.com, Darin Newsom - senior market analyst at Barchart.com and Everett Millman - chief market analyst at Gainesville Coins are among the forecasters Gold price goes sideways.
Adam Button - chief currency strategist at Forexlive.com, Darin Newsom - senior market analyst at Barchart.com and Everett Millman - chief market analyst at Gainesville Coins are among the forecasters Gold price goes sideways.
