SJC gold bar price
As of 6:00 a.m. on September 17, the price of SJC gold bars was listed by DOJI Group at VND130.3-132.3 million/tael (buy - sell), an increase of VND1.7 million/tael for buying and an increase of VND1.2 million/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 130.3-132.3 million VND/tael (buy - sell), an increase of 1.7 million VND/tael for buying and an increase of 1.2 million VND/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at 129.8-132.3 million VND/tael (buy - sell), an increase of 2.3 million VND/tael for buying and an increase of 1.2 million VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 6:00 a.m. on September 17, DOJI Group listed the price of gold rings at 126.8-129.8 million VND/tael (buy in - sell out), an increase of 600,000 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 127.6-130.6 million VND/tael (buy - sell), an increase of 800,000 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 126.8-129.8 million VND/tael (buy - sell), an increase of 1.3 million 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 9:00 p.m. on September 16 at 3,6961 USD/ounce, up 33.9 USD.
Gold price forecast
Gold and silver prices increased sharply, receiving support from expectations that the US Federal Reserve (FED) will loosen monetary policy in the coming months. December gold contract increased by 14.40 USD, to 3,733.60 USD/ounce. December delivery silver price increased by 0.323 USD, to 43.28 USD/ounce.
The Federal Open Market Committee (FOMC) meeting began this morning and ended Wednesday afternoon with a policy announcement and press conference by FED Chairman Jerome Powell.
The FOMC is expected to cut interest rates by 25 basis points, which will be the first time it has cut since November 2024. The decision comes amid criticism that the Fed responded slowly to weakening US economic data.
The Fed's updated forecast on Wednesday could show slowing US growth and rising unemployment rates, while Chairman Powell will face harsh questions about monetary policy at the press conference.
The global stock market last night had mixed movements. US stock indexes are expected to open slightly and be at a record level when the New York session begins.
In overnight news, there are positive signals from US-China trade negotiations in Madrid (Spain).
The US and India are also stepping up talks to address trade tensions, with two groups of officials meeting in New Delhi this week.
According to Bloomberg, the Indian delegation began a meeting on Tuesday morning with the US delegation led by Mr. Brendan Lynch - Trade Representative in charge of South and Central Asia.
The meeting is expected to decide the next direction of negotiations, after the US imposed a 50% tariff on Indian goods last month to punish trade barriers and India's purchases of Russian oil.
In other markets, the US dollar index fell to a seven-week low, crude oil prices rose and fluctuated around $63.75/barrel. The yield on the 10-year US Treasury note is currently at 4.04%.
Technically, December gold futures show that buyers still have a strong advantage in the short term. The next upside target is to close above the resistance level of $3,800/ounce.
The first support level was at an overnight low of $3,711.8/ounce and then $3,700. The first resistance was at $3,750/ounce and then $3,775/ounce.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
