Gold price update on the morning of September 19: Continuously decreasing, posing potential risks

SJC gold bar price

As of 6:15 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 117.6-119 1.6 million VND/tael (buy in - sell out); unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 117.6-119 1.6 million VND/tael (buy in - sell out); unchanged in both directions. 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 117.6-119 1.6 million VND/tael (buy in - sell out); unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at 117-119 1.6 million VND/tael (buy in - sell out); unchanged in both directions. The difference between buying and selling prices is at 2.6 million VND/tael.

9999 gold ring price

As of 6:15 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 115-117 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 114.8-117.8 million VND/tael (buy - sell), down 200,000 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 113.8-116.8 million VND/tael (buy in - sell out), down 100,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

In the context of the downward trend in gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

World gold price

The world gold price was listed at 6:15 at 3,371.7 USD/ounce, down 8.9 USD/ounce compared to a day ago.

Gold price forecast

Gold prices are in a tug-of-war as the Federal Open Market Committee (FOMC) has just released a statement saying that US interest rates will remain unchanged as expected.

However, the statement also emphasized that inflation is still a concern. The market has barely responded much to the FOMC's statement and is now waiting for the press conference of US Federal Reserve Chairman Jerome Powell, which is expected to start soon.

August gold contract increased by 3.5 USD, to 3,410.4 USD/ounce. July silver delivery prices hit a 13-year high last night but are now down $0.166 to $26.985 an ounce.

US stock indexes increased slightly in this afternoon's session. Risk-off sentiment is still quite high in the middle of the week. Reports say US President Donald Trump is considering attacking Iran's nuclear facilities with a giant medium-barrel bomb, which many military analysts believe is necessary to slow down Iran's nuclear program for several years.

David Morrison of Trade Nation said that despite the Israel-Iran military conflict that could draw the US into the conflict, there are no signs of panic from investors. Of course, on the US side, events are taking place very far away... But there is also a sense that investors are betting on a short and fierce conflict, which will then bring a more stable situation in the Middle East than at present. Maybe this is how they look back at recent history. But if so, that is a rather optimistic view. And the question is: Will it consider US military participation?

Technically, the August gold contract still maintains a solid overall technical advantage in the short term. The next target for buyers is to close above the strong resistance level at 3,500 USD/ounce. The next target for short-term sellers is to push prices below the threshold of 3,313.1 USD/ounce.

The first resistance was seen at $3,427.7/ounce, then $3,450/ounce. The first support seen at the bottom of this week was $3,384.4/ounce, followed by $3,358.5/ounce.

Overseas markets saw the USD index weakening. Nymex crude oil futures increased slightly, trading around $75/barrel. The yield on the 10-year US Treasury note is currently around 4.37%.