SJC gold bar price
Gold ring price 9999
As of 6:00 a.m., the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 77.20 - 78.40 million VND/tael (buy - sell).
Saigon Jewelry Company lists gold ring prices at 77.1 - 78.4 million VND/tael (buy - sell).
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 6:00 a.m. on August 26, the world gold price listed on Kitco was at 2,512 USD/ounce.
Gold price forecast
World gold prices increased in the context of the USD index falling. Recorded at 6:00 a.m. on August 26, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 100.61 points (down 0.78%).
Adam Button - Director of Currency Strategy at Forexlive.com - said that gold will rise even higher and nothing can resist the rise of this precious metal.
Bannockburn Global Forex CEO Marc Chandler believes that gold has entered a correction period after setting a historic peak this week. "The USD and US government bond yields may increase next week, putting pressure on precious metals. The support threshold may be in the range of 2,460-2,470 USD per ounce," he forecast.
On the contrary, Darin Newsom - senior market analyst at Barchart.com - said that gold prices tend to decrease in the coming days.
Kevin Grady - President of Phoenix Futures and Options said that the gold market is focusing on the expected interest rate cut by the US Federal Reserve (FED) and this could be a new opportunity for gold prices to increase. Yellow. “I think new highs are ahead for gold,” Adam Button emphasized.
This week, 12 analysts participated in Kitco News' gold survey, with the majority predicting higher gold prices. 7 experts expect gold prices to increase this week. Meanwhile, two analysts forecast that gold prices will decrease. The remaining 3 experts predict that the price of this precious metal will decrease horizontally.
There were 225 votes cast in Kitco's online poll. 146 traders expect gold prices to rise this week. Another 41 expect the yellow metal to trade lower, while 38 respondents see prices consolidating this week.
This week, the US economy will receive many important data, potentially affecting precious metals. That is the Personal Consumption Price Index (PCE) in July - the preferred inflation measure of the US Federal Reserve (FED), the second quarter GDP of the US...
Some senior FED officials, such as Christopher Waller and Raphael Bostic, will give speeches of interest to investors.
