SJC gold bar price
As of 6:00 a.m. on October 18, the price of SJC gold bars listed by DOJI Group was at 84-86 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 84 - 86 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at Bao Tin Minh Chau remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
9999 gold ring price
As of 6:00 a.m. on October 18, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 83.75-84.75 million VND/tael (buy - sell), an increase of 400,000 VND/tael for both buying and selling.
Bao Tin Minh Chau listed the price of plain round rings at 83.64-84.64 million VND/tael, an increase of 310,000 VND/tael for both buying and selling.
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 1:05 a.m. on October 18, the world gold price listed on Kitco was at 2,687.1 USD/ounce, an increase of 11.7 USD/ounce.
Gold Price Forecast
World gold prices increased despite the high USD index. Recorded at 1:05 a.m. on October 18, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103.630 points (up 0.21%).
Gold prices broke new highs amid a slew of US economic data released recently, including retail sales and weekly jobless claims reports.
US retail sales rose 0.4% in September from the previous month. Weekly jobless claims rose 241,000. Experts had expected an increase of 260,000.
The two reports are in line with the group of US monetary policy hawks who want to see the US Federal Reserve (FED) restrained on its path of interest rate cuts.
However, some opinions say that the above data is unlikely to change the trajectory of the FED's monetary policy.
Elsewhere, the European Central Bank met today and announced a 25 basis point cut in its main interest rate, bringing the deposit rate down to 3.25%. The move was widely anticipated.
The key overseas markets saw the USD Index firmer today. The benchmark 10-year US Treasury yield is currently at 4.091%. Crude oil prices were mostly steady, trading around $70.25 a barrel.
Technically, December gold bulls have the strong overall near-term technical advantage. The bulls’ next upside price objective is $2,750/oz.
The next near-term downside price objective for the bears is to push October futures below $2,648.90 an ounce.
See more news related to gold prices HERE...
