SJC gold bar price
9999 gold ring price
As of 6:00 a.m., the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 77.45-78.6 million VND/tael (buy - sell); an increase of 50,000 VND/tael for both buying and selling.
Saigon Jewelry Company listed the price of gold rings at 77.3 - 78.6 million VND/tael (buy - sell); an increase of 100,000 VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings at 77.38-78.58 million VND/tael (buy - sell); unchanged.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
As of 10:30 p.m. on September 5, the world gold price listed on Kitco was at 2,508.4 USD/ounce, an increase of 14.6 USD/ounce.
Gold Price Forecast
World gold prices rose sharply last night amid a decline in the USD index. Recorded at 10:30 p.m. on September 5, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 101.235 points (down 0.07%).
Gold prices rose as recent data increased the likelihood of a major interest rate cut by the US Federal Reserve this September.
New data showed that US employment fell to a three-and-a-half-year low in July 2024, raising concerns about the health of the US economy. But the decline may not be enough to warrant a half-point rate cut by the Fed.
According to Kitco, the Labor Department reported on Thursday that initial jobless claims fell to 227,000 for the week ended August 31. The figure was lower than expectations, as the consensus estimate forecast claims of 230,000. The previous week’s figure was revised up 1,000 to 232,000.
Markets are closely watching the labor market, which remains a key factor in the Fed's monetary policy. Investors will also focus on the US jobs report for August 2024, due out today (September 6).
