SJC gold bar price
As of 6:00 a.m. on October 19, 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 19, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 84.55 - 85.55 million VND/tael (buy - sell), an increase of 800,000 VND/tael for both buying and selling.
Bao Tin Minh Chau listed the price of plain round rings at 84.52 - 85.52 million VND/tael, an increase of 880,000 VND/tael for both buying and selling.
This is the highest price ever for gold rings. In recent sessions, gold ring prices have 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 0:15 on October 19, the world gold price listed on Kitco was at 2,719.2 USD/ounce, an increase of 32.1 USD/ounce.
Gold Price Forecast
World gold prices increased amid a decrease in the USD index. Recorded at 0:15 on October 19, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 103.320 points (down 0.32%).
Gold surges, Asian stocks rise after China's economic data grows faster than expected.
China's economy grew 4.6% year-on-year in the third quarter of 2024, according to official data, higher than analysts' expectations. However, this is still the lowest growth rate in a year and a half, due to slowing consumer spending and persistent difficulties in the real estate industry. In Japan, the Nikkei 225 index of the Tokyo market increased 0.2% to 38,981.75 points thanks to the decline of the Yen.
Gold prices hit a record high as markets worried about the crisis in the Middle East as Israel battles Hamas in the Gaza Strip and more recently Hezbollah in southern Lebanon.
Gold prices surged to a new record high on concerns about escalating tensions in the Middle East and uncertainty surrounding the US election, according to commodity analysts at ING.
In addition, recent US retail sales data showed the world's largest economy is strengthening, while US homebuilding activity stabilized in September.
Gold prices continued to rally, hitting a new record, even as the U.S. housing sector showed signs of stabilization, according to Kitco News analyst Neils Christensen. Housing starts fell 0.5% in September to a seasonally adjusted annual rate of 1.354 million units, down from August's 1.36 million, the Commerce Department said Friday. The data was roughly in line with expectations.
Still, traders expect a 90% chance of a rate cut by the US Federal Reserve in November. The European Central Bank recently cut rates for the third time this year. A lower interest rate environment helps increase the appeal of gold.
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