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.
Last week, SJC gold price did not change much, but the difference between buying and selling listed gold was high, causing investors to suffer heavy losses.
If you buy gold at DOJI Group on July 8 for 76.98 million VND/tael and sell it today (July 15), the investor will lose 2 million VND/tael. Meanwhile, gold buyers at Saigon SJC VBQ Company lost 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 15, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,770 points (down 0.35%).
Gold is seeing new price momentum after dovish comments from US Federal Reserve Chairman Jerome Powell, along with weaker-than-expected inflation in the Consumer Price Index (CPI). .
Naeem Aslam - Head of Investment Strategy at Zaye Capital Markets said, at this point, the interest rate cut in September is a done deal. Although next week will see the release of several important economic reports, some market analysts say there has not been any data that significantly changes market expectations, which will continue. continues to support the new upward momentum of gold.
Meanwhile, Carsten Fritsch, commodity analyst at Commerzbank, also predicts gold prices will reach an all-time high this week: “The interest rate cut in September is now almost fully priced in, and again at the end of the year. Therefore, gold prices may return to all-time highs in the coming days,” the expert said in a note.
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 this week. Only one analyst predicts prices will fall. No one sees gold trending sideways this 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 this week. Another 32 predict the precious metal will trade lower. Meanwhile, 27 respondents predicted that the price would trade sideways this week.
The market is shifting focus from the Fed to the European Central Bank (ECB), which will announce its interest rate decision on Thursday morning.
Some experts believe that the ECB will keep interest rates unchanged, but they will also pay attention to signals of possible future cuts.
The most important North American data to be released on Tuesday is US retail sales data for June, as economists warn that continued weakness in consumption could add further momentum to expectations. of the market regarding the interest rate cut in September.
The market will also pay attention to the Empire State manufacturing survey and comments from Fed Chairman Powell on Monday, housing starts and building permits in the US on Wednesday, as well as the survey. Philly Fed monitoring and weekly unemployment claims on Thursday.
