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 23, the world gold price listed on Kitco was at 2,622.2 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 23, 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 this week, while eight see it trading sideways. Only two see gold trading lower this 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 this week, while 29 see it trading lower. The remaining 31 respondents expect prices to trade sideways this week.
Adrian Day - Chairman of Adrian Day Asset Management is one of the experts who predicts positively about gold prices this week: "Currently, the gold price increase seems unstoppable, although there will be a time of pause or retreat".
Colin Cieszynski, chief market strategist at SIA Wealth Management, said he remains bullish on gold this week: "After hitting a new record high, it looks like a new rally may have begun technically."
Marc Chandler, CEO of Bannockburn Global Forex, said that the precious metal is likely to trade sideways this week. “Gold hit our target of $2,600 an ounce mid-week after the Fed cut interest rates by 50 basis points. Since then, gold has turned lower.
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.
