Updated SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND89.7-92 million/tael (buy in - sell out), an increase of VND300,000/tael in both directions.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2.3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 90-92 million VND/tael (buy - sell), an increase of 400,000 VND/tael for buying and an increase of 300,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold was listed by Bao Tin Minh Chau at 2 million VND/tael.
DOJI Group listed the price of SJC gold bars at VND89.7-92 million/tael (buy - sell), an increase of VND300,000/tael in both directions. The difference between the buying and selling prices of SJC gold was listed by DOJI at 2.3 million VND/tael.
9999 round gold ring price
As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 90.5-92 million VND/tael (buy - sell); increased by 500,000 VND/tael for buying and increased by 300,000 VND/tael for selling. The difference between buying and selling is listed at 1.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 90.6-92.1 million VND/tael (buy - sell); increased by 400,000 VND/tael for buying and increased by 300,000 VND/tael for selling. The difference between buying and selling is 1.5 million VND/tael.
World gold price
As of 6:15 a.m. on February 24, the world gold price listed on Kitco was at 2,950.2 USD/ounce, up 14 USD/ounce compared to the beginning of the previous session.
Gold price forecast
World gold prices increased despite the increase of the USD. Recorded at 6:15 a.m. on February 25, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.620 points (up 0.09%).
Gold prices continued to increase slightly, hitting a new record high as safe-haven demand increased. Investors are stepping up buying in gold ETFs, while technical factors also contribute to the increase. In contrast to gold, silver prices tend to weaken and start to stagnate.
On the stock exchange, the price of gold futures for April increased by 7.2 USD, to 2,960.1 USD/ounce. Meanwhile, March silver futures fell $0.392 to $22,625 an ounce.
Geopolitical concerns continue to be a driving force supporting the gold market. The ceasefire between Israel and Hamas remains fragile, while negotiations on a ceasefire between Russia and Ukraine have not made clear progress. In addition, US trade protection moves have also increased cautious sentiment in financial markets, thereby boosting demand for precious metals.
Technically, gold futures for April are still in an uptrend with buyers dominating. The next target is to push prices above $3,000/ounce. If prices fall below $2,850/ounce, a downward correction may appear.
Currently, the first resistance level is 2,974 USD/ounce, followed by 2,985 USD/ounce. The most recent support level was at 2,936.8 USD/ounce and the next important support level was 2,900 USD/ounce.
Developments in the outside market show that Nymex crude oil futures are stable around 70.75 USD/barrel. The yield on the 10-year US Treasury note is currently around 4.437%.
Notable economic events that may affect gold prices
Tuesday: US consumer confidence index.
Wednesday: New home sales in the US.
Thursday: US Q4 preliminary GDP, US long-term goods orders, US weekly jobless claims, US pending home sales.
Friday: US core PCE index, personal income and spending.
Note: The article data compares with the same time of the previous trading session.
See more news related to gold prices HERE...
