SJC gold bar price
As of 6:00 a.m., the price of SJC gold bars listed by DOJI Group was at 132.5-134.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling prices is at 2 million VND/tael.
Bao Tin Minh Chau listed the price of SJC gold bars at 132.5-134.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 132-134.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 6:00 a.m., DOJI Group listed the price of gold rings at 128.5-131.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 129-132 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling is 3 million VND/tael. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 128.5-131.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling is 3 million VND/tael.
Currently, the difference between buying and selling gold rings is at a very high level, around 3 million VND/tael, posing a potential risk of loss for investors.
World gold price
The world gold price was listed at 9:39 p.m. on September 26 at 3,777.3 USD/ounce, up 44.1 USD/ounce.
Gold price forecast
World gold prices increased sharply after the important US inflation report was just released, as the market predicted.
The US personal consumption expenditure (PCE) price index just announced for August increased by 0.3% compared to the previous month, after an increase of 0.2% in July, as expected. Core PCE (excluding food and energy) increased by 0.2%, also in line with the forecast and lower than the 0.3% increase of the two previous months.
Compared to the same period, PCE inflation increased overall to 2.7% - in line with forecasts but highest in 6 months, from 2.6% in the July report. core PCE inflation was at 2.9%, also in line with expectations. PCE data is considered an inflation index closely monitored by the FED.
December gold contract increased by 9.2 USD to 3,780 USD/ounce. December delivery silver price increased by 0.231 USD to 45.35 USD/ounce. Silver prices also rose and hit a 14-year high.
Global stocks last night had mixed movements. The US stock index is forecast to open steadily or increase slightly when the New York session begins.
The USD index rose sharply on Thursday and reached a four-week high after a positive US GDP report, higher than market forecasts. The GDP report and recent data have prompted traders to re-evaluate the Fed's interest rate cut roadmap, as the market is paying close attention to today's PCE inflation report.
Previously, the market had almost bet on two interest rate cuts of 0.25 percentage points before the end of the year, but now that probability has dropped to nearly 50-50.
The data is a warning for the Fed, Danske Bank strategists said, predicting that the US dollar and US short-term bond yields could continue to rise in the short term. When growth is stronger than expected, market focus can return to the goal of controlling inflation.
Technically, December gold futures are still in a short-term strong uptrend. The next upside target for buyers is to close above the strong resistance zone of $3,900/ounce. The latest downside target for the bears is to push prices below the strong support zone of $3,650/ounce.
The first resistance level was determined at 3,800 USD, followed by the highest level this week at 3,824.6 USD/ounce. The first support level was at the bottom of Wednesday's 3,749.7 USD/ounce, followed by the lowest level this week at 3,718.1 USD/ounce.
Key markets today showed the US dollar index decreasing slightly, crude oil prices moving sideways around 65 USD/barrel. The yield on the 10-year US Treasury note is currently at 4.18%.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
