SJC gold bar price
As of 9:00 a.m., the price of SJC gold bars listed by DOJI Group was at 82.5 - 84.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 82.5 - 84.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at Bao Tin Minh Chau remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 82-82.9 million VND/tael (buy - sell); down 100,000 VND/tael for buying and unchanged for selling compared to early yesterday morning.
The price of PNJ 9999 plain gold rings is listed by PNJ at 81.2-83.1 million VND/tael (buy - sell), an increase of 100,000 VND/tael for buying and unchanged for selling.
Bao Tin Minh Chau listed the price of plain round gold at 81.98-82.88 million VND/tael (buy - sell); increased 100,000 VND/tael for buying and kept the same for selling.
World gold price
As of 9:09 a.m., the world gold price listed on Kitco was at 2,635.6 USD/ounce, up 27.1 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased in the context of the USD index decreasing. Recorded at 9:12 a.m. on October 11, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 102.697 points.
According to Ernest Hoffman - market analyst of Kitco News, gold prices have increased strongly after receiving US labor market data.
The U.S. Department of Labor reported on Thursday that initial jobless claims rose to 228,000 in the week ended Oct. 5. That was slightly below expectations, as the consensus estimate forecast 230,000.
In addition to the above information, the market also received additional data on the US consumer price index (CPI) for September. According to Neils Christensen - an analyst at Kitco News, the US CPI increased 0.2% last month after increasing 0.2% in August, the US Bureau of Labor Statistics.
The latest inflation data was slightly stronger than expected, with economists expecting a 0.1% increase. Over the past 12 months, US inflation has risen 2.4%.
Phillip Streible, market strategist at Blue Line Futures, analyzed, the rising DXY index and recent economic data are more supportive of a 25 basis point cut - factors that continue to weigh on gold prices.
Although the precious metal is under pressure in the short term, it is likely to remain supported in the long term thanks to expectations of lower interest rates and geopolitical tensions in the Middle East, according to Carlo Alberto De Casa, market analyst at Kinesis Money.
See more news related to gold prices HERE...
