SJC gold bar price
As of 6:00 a.m., the price of SJC gold bars listed by DOJI Group was at 81.5 - 83.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 81.5 - 83.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at Bao Tin Minh Chau remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
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 82.75-83.45 million VND/tael (buy - sell), an increase of 250,000 VND/tael for buying and an increase of 200,000 VND/tael for selling.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 82.54-83.44 million VND/tael (buy - sell), an increase of 310,000 VND/tael for buying and an increase of 110,000 VND/tael for selling.
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 0:38 on September 28, the world gold price listed on Kitco was at 2,655.4 USD/ounce, down 23.1 USD/ounce.
Gold Price Forecast
World gold prices unexpectedly fell amid signs of a slight recovery in the USD index. Recorded at 11:35 p.m. on September 27, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100.239 points (down 0.32%).
According to Kitco, gold prices were hit by a slight profit-taking after the release of a key U.S. inflation report. Data released by the U.S. Commerce Department on Friday showed that the core personal consumption expenditures (PCE) price index, which excludes volatile food and energy prices, rose slightly by 0.1% in August, below the expected increase of 0.2%.
The Federal Reserve's preferred inflation measure rose 2.7% last month after three straight months of 2.6%. Annual core PCE inflation was in line with expectations, with economists forecasting a 2.7% increase. On the year, inflation rose 2.3%, down from 2.5% in July.
Many investors are now expecting upcoming comments from Federal Reserve Chairman Jerome Powell and upcoming US inflation data to prompt another 50 basis point cut this year.
According to the FedWatch tool - CME, traders expect a 54.1% chance that the FED will cut interest rates by another 50 basis points at the next FED meeting.
