SJC gold bar price
As of 6:00 a.m. on October 23, the price of SJC gold bars listed by DOJI Group was at 87-89 million VND/tael (buy - sell).
Compared to the previous trading session, gold price at DOJI increased by 1 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 87-89 VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 1 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
As of 6:00 a.m. on October 23, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at VND 86.8-87.8 million/tael (buy - sell); an increase of VND 800,000/tael for both buying and selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 86.28-87.78 million VND/tael (buy - sell); an increase of 300,000 VND/tael for buying and an increase of 800,000 VND/tael for selling compared to the close of the previous trading session.
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 11:30 p.m. on October 22, the world gold price listed on Kitco was at 2,739.5 USD/ounce, up 7.4 USD/ounce compared to early this morning.
Gold Price Forecast
World gold prices increased despite the increase in the USD index. Recorded at 11:30 p.m. on October 22, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 103.877 points (up 0.04%).
Gold’s gains came despite a stronger dollar and stronger U.S. Treasury yields, with the benchmark 10-year Treasury yield rising to a 12-week high.
A number of factors are supporting gold prices, including its status as an attractive hedge against geopolitical risks, buying demand from major central banks and exchange-traded funds (ETFs), said Yeap Jun Rong, a strategist at IG Bank.
This expert said that it is possible that gold will soon reach the 2,800 USD/ounce mark, as the US election is approaching and global geopolitical instability continues.
Global economic uncertainty appears to be contributing to safe-haven demand for gold, with prices hitting record highs after the International Monetary Fund warned the world that the risk of a global recession is increasing, according to Kitco.
In its latest economic forecast, the IMF said it expects the global economy to grow by 3.2% in 2025, unchanged from 2024. Analysts described global economic activity next year as steady but unimpressive.
They also noted that while the economy may have a soft landing as central banks get inflation under control, the world still faces a growing number of threats.
Today's key outside markets saw the benchmark 10-year US Treasury yield rise to 4.22%. Crude oil prices surged and traded around $72.50/barrel.
Technically, December gold bulls have the strong overall near-term technical advantage. The bulls’ next upside price objective is to produce a close above $2,800/oz. The bears’ next near-term downside price objective is to push futures below $2,650/oz.
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