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 was listed at 80.1-81.2 million VND/tael (buy - sell), a sharp increase of 700,000 VND/tael for buying and 650,000 VND/tael for selling.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 80.08 - 81.18 million VND/tael (buy - sell), an increase of 690,000 VND/tael for buying and an increase of 640,000 VND/tael for selling.
The price of gold rings is at a record high, but many people still tend to buy. It is worth mentioning that buying SJC gold bars and 9999 smooth round gold rings at stores at this time is relatively difficult.
Faced with the situation of many customers waiting but unable to buy plain rings, a transaction staff of a gold shop in Cau Giay (Hanoi) said: "Currently, the quantity of gold rings in the shop is very rare. Depending on daily regulations, the shop only sells a small amount and there is no exact time to sell."
World gold price
As of 1:30 a.m. on September 24, the world gold price listed on Kitco was at 2,627.8 USD/ounce, up 5.6 USD/ounce.
Gold Price Forecast
World gold prices increased despite the recovery trend of the USD index. Recorded at 1:30 a.m. on September 24, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 100.525 points (up 0.1%).
Precious metals in the international market are receiving strong support from the news of US interest rate cuts. Last week, the US Federal Reserve (FED) reduced USD interest rates by 0.5%, down to 4.75 - 5%/year. Interest rates are expected to continue to decrease by the end of the year.
"Gold will definitely surpass $3,000 an ounce; it's just a matter of time," Ryan McIntyre, CEO of Sprott Inc., told Kitco.
Also giving a positive assessment, analysts at leading Swiss investment bank UBS said that gold is one of the best performing assets in 2024.
Gold’s rally could continue, analysts say, with their next price target being $2,700 an ounce by mid-2025.
Meanwhile, TradingView analyst Xanrox said gold could rise above $2,800 an ounce as the precious metal “has started a historic uptrend”: “I expect gold to hit new highs in the coming days or weeks,” he said.
While there is not as much economic data as last week, this week's economic calendar still has a series of important data releases, including the US consumer confidence index today (September 24), US new home sales on Wednesday and the US durable goods report on Thursday, third-quarter GDP and weekly jobless claims and US pending home sales.
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.
