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); unchanged.
Saigon Jewelry Company listed the price of gold rings at 77.3 - 78.6 million VND/tael (buy - sell); unchanged.
Bao Tin Minh Chau listed the price of gold rings at 77.43 - 78.63 million VND/tael (buy - sell); increased 50,000 VND/tael in both directions.
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 0:15 on September 7, the world gold price listed on Kitco was at 2,489 USD/ounce, down 19.4 USD/ounce.
Gold Price Forecast
World gold prices fell sharply last night amid an increase in the USD index. Recorded at 0:15 on September 7, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 101.187 points (up 01%).
According to Kitco, gold prices have been volatile after the US non-farm payrolls increased by 142,000 last month; this figure was lower than the consensus estimate of 164,000.
While the labor market continued to cool, the decline was relatively orderly. The unemployment rate fell to 4.2%, in line with expectations.
Even though the headline numbers missed expectations, there was some good news for American workers. The report showed that wages rose 0.4%, an improvement from July's 0.2% gain. Wage growth was better than expected, as economists had predicted a 0.3% gain.
Gold markets saw solid gains after weaker-than-expected jobs data. December gold futures were trading at $2,558.60 an ounce, up 0.61% on the day.
However, not long after that, profit-taking selling caused the gold price to quickly drop below the resistance level of 2,500 USD/ounce.
Markets are looking to the latest jobs data for clues on the direction of interest rates. Expectations for a sharp rate cut by the Federal Reserve later this month have risen in response to August’s nonfarm payrolls data. Markets see a 49% chance of a rate cut on September 18, according to the CME FedWatch Tool.
