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 is listed at 79.4-80.55 million VND/tael (buy - sell).
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 79.39-80.54 million VND/tael (buy - sell).
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 6:00 a.m. on September 22, the world gold price listed on Kitco was at 2,622.2 USD/ounce, an increase of 9.7 USD/ounce.
Gold Price Forecast
World gold prices increased sharply despite the recovery trend of the USD index. Recorded at 6:00 a.m. on September 22, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 100,420 points (up 0.1%).
The latest Kitco News weekly gold survey shows that investors are bullish on gold prices next week, while industry experts are evenly split between bullish and bearish views in the short term.
This week, 19 analysts participated in the Kitco News gold survey, and the majority see gold prices rising or at least trading sideways. Nine analysts see gold prices rising next week, while eight see it trading sideways. Only two see gold trading lower next week.
Meanwhile, 189 votes were cast in Kitco's online poll, with most Main Street investors returning to their bullish outlook.
129 retail traders expect gold prices to rise next week, while 29 see gold trading lower. The remaining 31 respondents expect prices to trade sideways next week.
Jerry Prior, managing director and senior portfolio manager at KMLM, said that after comments from Federal Reserve Chairman Jerome Powell, gold is unlikely to see a sharp increase in the near future. However, the precious metal will continue to see a steady increase, Prior said.
Mind Money CEO Julia Khandoshko also expects gold prices to consolidate before heading toward $3,000 an ounce, adding that it is unlikely to reach that long-term target before the end of the year.
While gold remains in a strong technical uptrend, investors should be prepared for some volatility in the near term, according to StoneX Group market analyst Fawad Razaqzada. However, he still believes that lower prices will be a long-term buying opportunity for investors.
The main event next week that could have a big impact on gold prices is the release of the US core personal consumption expenditure (PCE) index for August, the Fed’s preferred inflation gauge, due Friday morning.
