SJC gold bar price
9999 gold ring price
As of 6:00 a.m., the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 78 - 79.2 million VND/tael (buy - sell); an increase of 100,000 VND/tael for both buying and selling.
Saigon Jewelry Company listed the price of gold rings at 77.9 - 79.2 million VND/tael (buy - sell); an increase of 100,000 VND/tael for both buying and selling compared to the closing price of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 77.98 - 79.18 million VND/tael (buy - sell); an increase of 450,000 VND/tael for both buying and selling compared to the closing price of the previous trading session.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
As of 0:00 on September 17, the world gold price listed on Kitco was at 2,582.2 USD/ounce, an increase of 4.5 USD/ounce.
Gold Price Forecast
World gold prices remain high amid a decline in the USD index. Recorded at 0:00 on September 17, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100,400 points (down 0.38%).
Precious metals are being supported by a weaker US dollar and expectations of a sharp interest rate cut from the US Federal Reserve (FED) at its upcoming policy meeting.
Speculation about the size and pace of rate cuts has been growing. Markets now see a 52% chance of a 50 basis point cut at the Fed’s September 17-18 meeting, up from 43%. The odds of a 25 basis point cut are 48%. Lower interest rates reduce the opportunity cost of holding non-yielding gold.
Mr. Alex Ebkarian - CEO of Allegiance Gold Company, said that economic data is creating conditions for the FED to lower interest rates, thereby making gold more attractive to investors.
In addition, the demand for “safe haven” has also increased recently amid ongoing geopolitical conflicts in many parts of the world. Central banks around the world have begun to buy gold, which is one of the factors affecting gold prices.
Mr. Heng Koon How - Head of Market Strategy, UOB Bank, said that gold prices could increase to $2,700/ounce by mid-2025 and potentially reach $3,000/ounce in the long term after that.
