Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND87.8-89.8 million/tael (buy - sell); an increase of VND1 million/tael for both buying and selling compared to the close 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, the price of SJC gold bars was listed by DOJI Group at 87.8-89.8 million VND/tael (buy - sell); an increase of 1 million VND/tael for both buying and selling compared to the close of the previous trading session.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
9999 round gold ring price
As of 6:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 88.1-89.50 million VND/tael (buy - sell); an increase of 1.5 million VND/tael for buying and an increase of 1.4 million VND/tael for selling compared to the beginning of yesterday's trading session.
Bao Tin Minh Chau listed the price of gold rings at 87.8-89.75 million VND/tael (buy - sell), an increase of 1.2 million VND/tael for buying and 850,000 VND/tael for selling compared to the beginning of yesterday's trading session.
World gold price
As of 9:15 p.m. on February 3, the world gold price listed on Kitco was at 2,813.9 USD/ounce, up 16 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased despite the strong increase in the USD index. Recorded at 9:15 p.m. on February 3, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 109.095 points (up 0.81%).
Gold prices are posting healthy gains and approaching last week’s record high. Safe-haven demand is being boosted by increased market uncertainty as the U.S. prepares to impose tariffs on major trading partners on Tuesday. April gold futures rose $16.30 to $2,851.30 an ounce. March silver futures rose $0.04 to $32.305 an ounce.
Asian and European stocks were mostly lower overnight, with US indexes expected to open sharply lower when trading in New York begins.
The first round of tariffs promised by US President Donald Trump will take effect on Tuesday, affecting Canada, Mexico and China. This has increased concerns in the market, causing turmoil not only in stocks and financials but also in Bitcoin.
“The biggest trade protectionist action by a US president in nearly a century” will lead to the first price hikes, hitting American households as prices for items like vegetables, fruits and cars rise, a Bloomberg report said today.
Models by the US Federal Reserve (FED) to assess the impact of tariffs during Donald Trump's first term show that this could reduce GDP by 1.2% and increase core inflation by about 0.7%.
The Canadian dollar fell to its weakest level against the greenback since 2003. Cryptocurrency markets were also under pressure, with Ether plunging 11% as investors fled riskier assets. Bloomberg headlined: “A chaotic Monday.”
Major overseas markets saw Nymex crude oil futures rise, trading around $74.50 a barrel. The yield on the 10-year US Treasury note is currently at 4.55%.
April gold futures maintain their bullish momentum and near-term technical advantage, with the rally taking prices closer to key resistance levels, with bulls targeting a break above $2,900 an ounce next.
On the other hand, the bears are aiming to push the price below the key support level at $2,760.2 - the lowest level of the week. Currently, gold is facing resistance at the $2,862.9 and $2,875 areas, while the nearest support levels are at $2,822.1 and $2,800.
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