Gold price at the close of the session on September 18: Gold rings increase by nearly 2 million VND/tael

SJC gold bar price

As of 6:00 PM, Saigon SJC Jewelry Company listed SJC gold bar prices at the threshold of 144.6-147.6 million VND/tael (buying - selling), simultaneously increasing by another 1.8 million VND/tael compared to the closing session yesterday. The buying - selling difference is at 3 million VND/tael.

Similarly, DOJI listed SJC gold price at the threshold of 144.6-147.6 million VND/tael (buying - selling), simultaneously increasing by 1.8 million VND/tael compared to the closing session yesterday. The buying - selling difference is at 3 million VND/tael.

Phu Quy listed the price of SJC gold bars at the threshold of 144.6-147.6 million VND/tael (buying - selling), simultaneously increasing by another 1.8 million VND/tael compared to the closing session yesterday. 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 144.1 - 147.1 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both directions compared to the previous closing session. The buying - selling difference was at 3 million VND/tael.

DOJI Group listed gold ring prices at 144-148 million VND/tael (buying - selling), adjusting up 1.5 million VND/tael in both directions compared to yesterday'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 144.6-147.6 million VND/tael (buying - selling), an increase of 1.8 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

Jewelry gold price

DOJI listed 9999 jewelry gold at 142-146 million VND/tael (buying - selling), an increase of 800,000 VND/tael in both directions.

Phu Quy listed 9999 jewelry gold at the threshold of 141.5-146.5 million VND/tael (buying - selling), simultaneously increasing sharply by 1 million VND/tael in both directions compared to the closing session yesterday.

World gold price

Recorded at 6:15 PM, world gold prices were listed at 4,387.4 USD/ounce, up 46.4 USD (equivalent to an increase of 1.07%).

Gold price forecast

Gold bars have surpassed the $4,350/ounce mark, after rising nearly 2% in yesterday's trading session to eliminate most of the losses of the previous three sessions.

US Treasury bond yields fell across all terms, after soaring right after the Fed's consensus decision on Wednesday to raise interest rates by an additional 0.25 percentage points. That shift eased pressure on gold, an asset that often loses ground when bond yields rise due to not bringing interest rates.

Oil prices fell for the third consecutive day due to supply disruptions in the Middle East showing signs of cooling down, reducing energy cost pressure on inflation. Saudi Arabia has restored flow through an important pipeline in a few days, while some oil tankers continue to move through the disputed Hormuz Strait area.

The surge in yesterday's trading session brought gold prices back above the 100-day moving average, a measure of price momentum. However, this price level is still nearly one-fifth lower than the levels before the Iran war began at the end of February.

Investors have turned to gold bars in recent weeks, betting that the long-term drivers of this precious metal will continue to be maintained.

However, Fed Chairman Kevin Warsh's monetary tightening statement on inflation increased market expectations of at least another wave of interest rate hikes this year and a maximum of two more in 2027, factors that create potential resistance for gold bars.