SJC gold bar price
As of 6:00 a.m. on October 31, the price of SJC gold bars listed by DOJI Group was at 88-90 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 1 million VND/tael for both buying and selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 88-90 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 1 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
As of 6:00 a.m. on October 31, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at VND 88.6-89.6 million/tael (buy - sell); an increase of VND 600,000/tael in both directions compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 88.58-89.58 million VND/tael (buy - sell); an increase of 600,000 VND/tael for both buying and selling compared to the beginning of the previous trading session.
This is the highest price ever for gold rings. In recent sessions, gold ring prices have often fluctuated in the same direction as the world market, investors can refer to it before spending money.
World gold price
As of 1:15 a.m. on October 31, the world gold price listed on Kitco was at 2,788 USD/ounce, a sharp increase of 17.2 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased sharply in the context of a sharp decline in the USD index. Recorded at 1:15 a.m. on October 31, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.245 points (down 0.32%).
Gold hit record highs even as the U.S. labor market remained resilient, with private employers adding more jobs than expected in October, according to payroll processor ADP.
ADP said 233,000 jobs were created last month, far exceeding expectations. Economists were expecting a job gain of just 110,000, according to a consensus estimate.
“Even amid the storm recovery, U.S. job growth remained robust in October,” said Nela Richardson, chief economist at ADP. “As we close out the year, U.S. hiring is proving to be robust and broadly resilient.”
Investors are now focused on the US September jobs report due out Friday morning. A worse-than-expected report would boost bets on the Fed cutting interest rates at a faster pace, opening up a breakout opportunity for gold.
In addition to US economic data, the gold market is receiving a series of supportive factors including political conflicts, continued strong demand from global central banks...
Mr. Robert Minter - Director of ETF strategy commented that investors should ignore the potential fluctuations of the market in the short term. He said that they should focus on the big picture including the interest rate trending down.
Lower interest rates and persistent inflationary pressures mean real interest rates could fall faster than expected. “In this case, investors should focus on commodities, with a specific allocation to gold,” Robert Minter stressed.
See more news related to gold prices HERE...
