Update SJC gold price
As of 9:30 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND84.8-86.66 million/tael (buy - sell); an increase of VND100,000/tael for buying and an increase of VND600,000/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Meanwhile, the price of SJC gold bars listed by DOJI Group is at 84.8-86.6 million VND/tael (buy - sell); an increase of 100,000 VND/tael for buying and an increase of 600,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 84.9-86.8 million VND/tael (buy - sell); increased by 100,000 VND/tael for buying and increased by 600,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 1.9 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say this difference is still very high. The difference between buying and selling prices is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make a profit, especially in the short term.
Price of round gold ring 9999
As of 9:30 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 85.4-86.6 million VND/tael (buy - sell); an increase of 500,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 85.7-87 million VND/tael (buy - sell), an increase of 700,000 VND/tael for both buying and selling compared to early this morning.
World gold price
As of 9:30 a.m., the world gold price listed on Kitco was at 2,689.3 USD/ounce, up 15.5 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased despite the high USD. Recorded at 9:30 a.m. on January 11, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 109.490 points (up 0.45%).
Gold prices rose sharply despite a key US economic report that was much stronger than expected, which supported tighter monetary policy.
The demand for safe havens is gaining traction as bond investors increasingly dominate the market, causing concerns. Against this backdrop, gold futures for February delivery jumped to a four-week high, up $39.20 to $2,730.00 an ounce.
It is noteworthy that the gold market increased despite the increase in the USD index and US Treasury bond yields. Currently, the UK financial market is facing many fluctuations due to the increase in bond yields, reflecting the difficulties of the public debt in this country.
The key US economic report this week focuses on December's jobs report, with the number of jobs added by 256,000, far exceeding the market forecast of 160,000.
The unemployment rate fell to 4.1%, lower than the expected 4.2%. The Wall Street Journal commented: "The result is the latest sign that the US labor market has recovered from a mid-year slowdown and is even accelerating." This makes the market believe that the US Federal Reserve (FED) will have difficulty continuing to lower interest rates this year.
Gold prices are still running strong after the much stronger-than-expected jobs report, driven by safe-haven demand amid uncertainty ahead of the inauguration of U.S. President-elect Donald Trump, said David Meger, director of metals trading at High Ridge Futures. Investors are worried about Trump’s threat to impose tariffs on a wide range of imports, fearing they could fuel inflation and further limit the Fed’s ability to cut interest rates.
The most bullish scenario for gold is a story of rising fiscal deficits and unsustainable debt, which would put pressure on the US dollar in the long term and cast doubt on its role as the world's reserve currency, according to Julius Baer analyst Carsten Menke.
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