Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND86.8-88.8 million/tael (buy - sell); both buying and selling prices remained unchanged compared to the beginning of the previous trading session.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Meanwhile, DOJI Group listed the price of SJC gold at 86.9-88.9 million VND/tael (buy - sell); both buying and selling prices remained unchanged compared to the beginning of the previous trading session.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 86.9-88.9 million VND/tael (buy - sell); increased by 100,000 VND/tael for both buying and selling compared to the beginning of the previous trading session.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
Price of round gold ring 9999
As of 6:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 86.6-88.1 million VND/tael (buy - sell); both buying and selling prices remain the same compared to the beginning of the trading session yesterday morning.
Bao Tin Minh Chau listed the price of gold rings at 86.6-88.9 million VND/tael (buy - sell), keeping both buying and selling prices unchanged compared to early this morning.
World gold price
As of 10:45 p.m. on January 30, the world gold price listed on Kitco was at 2,791.7 USD/ounce, a sharp increase of 36.4 USD/ounce compared to early this morning.
Gold Price Forecast
World gold prices increased amid a decrease in the USD index. Recorded at 22:45 on January 30, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 107.520 points (down 0.27%).
Gold prices surged to a three-month high and are on track to hit a new record high, with safe-haven demand and technical buying fueling the gains in both precious metals.
The market remains concerned about the new US President's trade and foreign policy, especially new tariffs. Gold futures for April delivery rose $29.8 to $2,823.4 an ounce, while silver futures for March delivery rose $0.692 to $32.08 an ounce.
Asian and European stocks were mixed but largely up overnight, Kitco reported. Many Chinese markets remained closed for the Lunar New Year holiday. Germany's Euro Stoxx 50 and DAX hit record highs, while Britain's FTSE 100 is also nearing an all-time high. US stock indexes are expected to open mixed but with a slight uptick when trading in New York begins.
The US Federal Reserve (FED) in the Federal Open Market Committee (FOMC) meeting on Wednesday sent the message that they will keep interest rates unchanged for the foreseeable future. The FED emphasized that "inflation remains high".
However, Fed Chairman Jerome Powell dismissed the notion that there had been no progress in controlling inflation at a press conference. He said the change in wording was a “small wording adjustment” — “we just chose to shorten that sentence.” Powell declined to comment on how President Donald Trump’s policies might affect Fed policy. Markets did not react significantly to the FOMC statement or Powell’s remarks.
The European Central Bank (ECB) today cut interest rates by 0.25%, marking the fifth consecutive meeting implementing monetary easing policy, amid economic data showing the Eurozone is stagnating.
In other major markets, Nymex crude oil futures were little changed, trading around $72.50 a barrel. The yield on the 10-year US Treasury note is currently at 4.504%.
Gold futures for April delivery continued their uptrend, with buyers dominating the short-term. The bullish momentum is heading towards the important resistance level of $2,846.60/oz. A break above this level could see gold continue to test the $2,850/oz level.
On the other hand, sellers are looking to push prices below strong technical support at $2,750/ounce. The immediate support is at $2,800/ounce, followed by the previous session low of $2,794.9/ounce.
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