Gold price at the close of the session on September 17: World gold surges, domestic decreases

SJC gold bar price

As of 6:00 PM, Saigon SJC Jewelry Company listed SJC gold bar prices at the threshold of 142.8-145.8 million VND/tael (buying - selling), keeping the same decrease of 700,000 VND/tael in both directions compared to this morning's trading session. The buying - selling difference is at 3 million VND/tael.

Similarly, DOJI listed SJC gold price at the threshold of 142.8-145.8 million VND/tael (buying - selling), down 700,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Phu Quy listed the price of SJC gold bars at the threshold of 142.8-145.8 million VND/tael (buying - selling), both down 700,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

9999 gold ring price

At the same time, Saigon Jewelry Company SJC listed the price of gold rings at the threshold of 142.5 - 145.3 million VND/tael (buying - selling), maintaining the same decrease in the buying - selling directions of 500,000 VND/tael and 800,000 VND/tael respectively. The buying - selling difference is at 2.8 million VND/tael.

DOJI Group listed gold ring prices at the threshold of 142.5-146.5 million VND/tael (buying - selling), adjusting down 500,000 VND/tael in both directions compared to this morning's trading session. The buying - selling difference is at 4 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at the threshold of 142.8-146.2 million VND/tael (buying - selling), down 400,000 VND/tael on the selling side. The buying - selling difference is at 3.4 million VND/tael.

Jewelry gold price

DOJI listed 9999 jewelry gold at the threshold of 141.2-145.2 million VND/tael (buying - selling), down 500,000 VND/tael in both directions.

Phu Quy listed 9999 jewelry gold at the threshold of 140.5-145.5 million VND/tael (buying - selling), down 500,000 VND/tael in both directions compared to the closing session yesterday.

World gold price

Recorded at 6:10 PM, the world gold price was listed at 4:331.9 USD/ounce, up 68 USD (equivalent to an increase of 1.60%).

Gold price forecast

With an increase of more than 1% in the world gold market, the current developments show that gold is having a remarkable recovery after a sharp decline after the Fed meeting. However, this is not necessarily a signal confirming a return to the upward trend.

Gold prices are showing a fairly good ability to absorb the shock from the Fed's decision. The Fed is raising interest rates by 25 basis points to 3.75-4%, while new forecasts show that most officials are still leaning towards at least another increase in 2026. The Fed also emphasized that inflation is still high and needs to be brought back to the 2% target.

Immediately after the decision and tough statements by Chairman Kevin Warsh, gold once fell sharply. However, the precious metal recovered as the USD weakened and oil prices cooled down.

The noteworthy point is that the Fed has increased interest rates but gold has not continued to plummet. This shows that the negative impact from monetary policy may have been significantly reflected in prices before the meeting.

With the current level above 4,300 USD/ounce, gold has returned above the important milestone after a period of deep decline.

This is a positive sign in the short term, but it is necessary to distinguish between a technical recovery and a new upward trend.

If gold maintains above 4,300 USD/ounce and continues to surpass the resistance zones above, buying power may bring the price back to the 4,400 USD/ounce zone. Further, the 4,500 USD/ounce zone will be a noteworthy milestone if the USD and bond yields both cool down.

Conversely, if the price does not hold 4,300 USD/ounce, the current recovery is at risk of weakening and gold may return to test lower support zones.