SJC gold bar price
As of 6:00 a.m., DOJI Group listed the price of SJC gold bars at VND130.3-133.3 million/tael (buy - sell), down VND3 million/tael for buying and down VND2 million/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 130-133.3 million VND/tael (buy - sell), down 3.3 million VND/tael for buying and down 2 million VND/tael for selling. The difference between buying and selling prices is at 3.3 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 130-133.9 million VND/tael (buy - sell), down 2.5 million VND/tael for buying and down 1.4 million VND/tael for selling. The difference between buying and selling prices is at 3.9 million VND/tael.
9999 gold ring price
As of 6:00 a.m., DOJI Group listed the price of gold rings at 127.3-130.3 million VND/tael (buy in - sell out), down 200,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 127.7-130.7 million VND/tael (buy - sell), down 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 127-130 million VND/tael (buy in - sell out), down 700,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Currently, the difference between buying and selling gold rings is at a very high level, around 3 million VND/tael, posing a potential risk of loss for investors.
World gold price
The world gold price was listed at 0:30 at 3,633.4 USD/ounce, down 18.5 USD.
Gold price forecast
Gold prices are in a tug-of-war after the number of US weekly jobless claims unexpectedly increased and the US consumer price index (CPI) picked up slightly. Meanwhile, silver prices have increased steadily.
The number of weekly US jobless claims increased by 27,000 compared to last week, to 263,000, higher than the forecast of 235,000 claims. This report is seen as a factor supporting the "puppet" in monetary policy, which wants the US Federal Reserve (FED) to cut interest rates more strongly.
Meanwhile, US annual inflation, measured in CPI, rose 2.9% in August from the same period, the highest level since January and higher than July's 2.7%. Prices increased mainly in the food group, used cars and new cars.
The CPI increased by 0.4% compared to the previous month, higher than the 0.2% of July and forecasted at 0.3%. Inflation picked up after producer prices rose above July's expected figures was partly expected. The core CPI, excluding food and energy, remained at 3.1%, equivalent to the peak in February and July. On the month, the core CPI increased by 0.3%.
December gold contract fell 6.8 USD to 3,675.1 USD/ounce. December delivery silver price decreased by 0.385 USD to 41.98 USD/ounce.
In another development, the European Central Bank (ECB) at today's monetary policy meeting kept interest rates unchanged, as expected.
Technically, December gold buyers still have a strong advantage in the short term. The next upside target is to close above a solid resistance level of $3,750/ounce. The target for the bears to reduce prices is to pull the price down to strong support at 3,550 USD/ounce.
The immediate resistance level at the highest level of the night was 3,687.5 USD/ounce, then 3,700 USD/ounce. First support was $3,650 an ounce, followed by a weekly low of $3,621.70 an ounce.
In outside markets, the USD index decreased, crude oil prices decreased and traded around 62.5 USD/barrel. The yield on the 10-year US Treasury note is currently at 4.015%.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
