Gold price update on the morning of September 30: Under a lot of pressure

Updated SJC gold price

As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 119.3-121.3 million/tael (buy in - sell out), an increase of VND 1.8 million/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 119.3-121.3 million VND/tael (buy - sell), an increase of 1.8 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 119.3-121.3 million VND/tael (buy - sell), an increase of 1.8 million VND/tael in both directions. 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 118.3-121.3 million VND/tael (buy - sell), an increase of 1.3 million VND/tael for buying and an increase of 1.8 million VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.

9999 round gold ring price

As of 6:00 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 114-116.5 million VND/tael (buy in - sell out), an increase of 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 117.1-120.1 million VND/tael (buy - sell), an increase of 1.4 million VND/tael for buying and an increase of 1.6 million VND/tael for selling. The difference between buying and selling is 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 115-118 million VND/tael (buy - sell), an increase of 1 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

World gold price

At 6:00 a.m., the world gold price listed on Kitco was around 3,313.6 USD/ounce, down 20.8 USD.

Gold price forecast

World gold prices are under pressure as investors' risk-taking sentiment has increased slightly. In addition, the strengthening of the US dollar and falling crude oil prices also put pressure on the precious metal. Meanwhile, silver prices increased slightly.

June gold futures fell $24.4 to $3,323.1 an ounce. The price of silver delivered in May increased by 0.165 USD, to 33.175 USD/ounce.

US stock indexes took a slight leap into the middle of the session. Investors are watching the quarterly profit reports of businesses released this week.

The risk level has decreased slightly after the news that the US is negotiating trade agreements with a number of countries. However, if the corporate profit report continues to be unsatisfactory, the stock market may face downward pressure.

Technically, the gold contract in June is still having technical advantages in the short term. The next increase of the buyer is to close the resistance threshold of 3,509.9 USD/ounce. In contrast, the seller is aiming to bring the price below the support of US $ 3,200/ounce.

The most recent resistance level was this week's peak at $3,363.8/ounce, followed by the previous Friday's peak at $3,384.1/ounce. The most recent support was at $3,300/ounce and then the bottom last week at $3,270.8/ounce.

In outside markets, the USD index increased slightly. Nymex crude oil futures are currently around $60.75 a barrel. The yield on the 10-year US government bond is currently around 4.23%.