SJC gold bar price
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 76.40-77.60 million VND/tael (buy - sell), increasing by 50,000 VND/tael in the afternoon of purchase and remaining the same in the afternoon. sold out compared to the beginning of yesterday morning's session.
Saigon Jewelry Company listed the price of gold rings at 76.3-77.6 million VND/tael (buy - sell), increasing 50,000 VND/tael on the buying side and keeping the selling side unchanged compared to the beginning of yesterday morning's session.
Bao Tin Minh Chau listed the price of gold rings at 76.38-77.58 million VND/tael (buy - sell), keeping the same in both directions.
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. In the context of a sharp increase in world gold prices, the domestic price of plain round gold rings is likely to increase sharply today.
World gold price
As of 2:00 a.m. on August 13, the world gold price listed on Kitco was at 2,469.7 USD/ounce, up 39 USD/ounce compared to early yesterday morning.
Gold price forecast
World gold prices increased in the context of the USD index moving sideways. Recorded at 2:00 a.m. on August 13, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 102,957 points.
Experts say that world gold prices are rising as investors focus on US inflation data. Expert Ilya Spivak - head of global macro department of Tastylive company, said that investors are pausing trading to wait for new US economic information to be announced this week.
It is expected that the US consumer price index (CPI) in July will be released on August 14, with an estimated increase rate of 0.2% compared to the previous month.
The US retail sales report released on Thursday will also be closely scrutinized by the market.
Market strategist Yeap Jun Rong of research firm IG said that although the US economic outlook seems to have avoided the risk of weakening, if inflation continues to increase, even at a mild level, it is likely Gold prices will once again rise to a new record level.
Measurements from CME's FedWatch tool show that markets expect a 54% chance that the US Federal Reserve (FED) will cut interest rates by 50 basis points at the upcoming September meeting. In a low interest rate environment, gold will be an asset that attracts more buyer attention than some other valuable asset classes.
Key external markets today saw Nymex crude oil prices rise and are trading around $78.50/barrel. The benchmark 10-year US Treasury note is currently yielding around 3.96%.
