SJC gold bar price
Closing the weekly trading session, DOJI Group listed SJC gold price at 74.98 - 76.98 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI remained unchanged in both buying and selling directions.
The difference in buying and selling price of SJC gold at DOJI is 2 million VND/tael.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 75.48 - 76.98 million VND/tael (buy - sell).
The difference in buying - selling price of SJC gold at Saigon SJC VBQ Company is at the threshold of 1.5 million VND/tael.
Currently, the price difference between buying and selling gold is listed at around 1.5-2 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 round gold ring at DOJI Jewelry Group was listed at 75.90-77.15 million VND/tael (buy - sell).
Saigon Jewelry Company lists the price of gold rings at 75.15-76.65 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the gold ring price at 75.68-76.98 million VND/tael (buy - sell).
World gold price
As of 9:00 a.m., the world gold price listed on Kitco was at 2,410.6 USD/ounce.
Gold price forecast
World gold prices increased in the context of the USD index falling. Recorded at 6:00 a.m. on July 13, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,770 points (down 0.35%).
Last week, world gold prices increased sharply after the statement of Chairman of the US Federal Reserve (FED) - Mr. Jerome Powell said that the US economy is no longer too hot, with the job market having cooled down and many sectors. The economy returned to the situation before the COVID-19 pandemic, making the possibility of cutting interest rates stronger.
According to the CME FedWatch tool, markets expect a 75% chance the Fed will cut interest rates in September and another cut in December.
Jonathan Petersen - senior market economist at Capital Economics, said that the USD is likely to weaken when inflationary pressures begin to ease. This environment will continue to support gold prices.
Jason Schenker - President of Prestige Economics, told MarketWatch that with the possibility that the FED will cut interest rates in the future and the USD is weak, gold prices are likely to increase according to the trend. Inflation, geopolitical risks and a weak USD are preparing to push gold prices higher.
This week, 13 Wall Street analysts participated in Kitco News' gold survey. With one exception, all experts say gold will move higher.
12 experts predict gold prices will increase further next week. Only one analyst predicts prices will fall. No one sees gold trending sideways next week.
Meanwhile, 178 votes were cast in Kitco's online poll. Main Street investors maintained their optimistic stance from last week.
119 retail traders predict gold prices will rise next week. Another 32 predict the precious metal will trade lower. Meanwhile, 27 respondents predicted that the price would trade sideways next week.
