Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND87.6-90.1 million/tael (buy - sell); down VND200,000/tael for buying and up VND300,000/tael for selling 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 2.5 million VND/tael.
Meanwhile, the price of SJC gold bars was listed by DOJI Group at 87.6-90.1 million VND/tael (buy - sell); down 200,000 VND/tael for buying and up 300,000 VND/tael for selling compared to the beginning of the previous trading session.
The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 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 88-90 million VND/tael (buy - sell); down 100,000 VND/tael for buying and up 500,000 VND/tael for selling compared to the beginning of yesterday's trading session.
The difference between buying and selling price of 9999 Hung Thinh Vuong round gold ring at DOJI increased from 1.4 million to 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 88.1-90.05 million VND/tael (buy - sell), an increase of 300,000 VND/tael for both buying and selling compared to the beginning of yesterday's trading session. The difference between buying and selling is at 1.95 million VND/tael.
World gold price
As of 1:05 a.m. on February 5, the world gold price listed on Kitco was at 2,843.9 USD/ounce, up 30 USD/ounce compared to the beginning of the previous trading session, the highest level ever.
Gold Price Forecast
World gold prices increased sharply in the context of a sharp decline in the USD index. Recorded at 1:05 a.m. on February 5, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 107.860 points (down 0.93%).
Gold prices rose sharply, continuing to set new record highs due to many supporting factors. Early selling pressure was quickly absorbed by strong buying from investors as prices fell. A sharp decline in the USD index along with increased safe-haven demand supported gold's rise. Gold futures for April delivery rose $12.3 to $2,869.8 an ounce. Meanwhile, silver futures for March delivery rose $0.464 to $32.995 an ounce.
US President Donald Trump agreed to delay by a month the imposition of trade tariffs on Mexico and Canada after talks with Mexican President Sheinbaum and Canadian Prime Minister Trudeau. However, the US still formally imposed new tariffs on China on Tuesday. In response, China immediately imposed retaliatory tariffs and announced an investigation into Google.
Traders and investors are likely to remain concerned as the Trump administration introduces more policies that could disrupt markets.
In other developments, Nymex crude oil futures also fell slightly, trading around $73 a barrel. Bloomberg commented: "Oil has erased all of this year's gains as trade tensions threaten global growth and energy demand." The yield on 10-year US Treasury bonds is currently at 4.531%.
See more news related to gold prices HERE...
