Price of SJC Gold Bars
The closing price of the week's trading session was set by DOJI Group at 76.5-78.5 million VND per unit (buying price - selling price).
Compared to the previous week's closing price, the price of gold at DOJI decreased by 1.8 million VND per unit for the buying price and decreased by 1.3 million VND per unit for the selling price.
The price difference between the buying and selling prices of SJC gold at DOJI Group is 2 million VND per unit.
Meanwhile, Sài Gòn SJC Gold Company listed the price of SJC gold at 76.5-78.5 million VND per unit (buying price - selling price).
Compared to the previous week's closing price, the price of gold at Sài Gòn SJC Gold Company decreased by 1.8 million VND per unit for the buying price and decreased by 1.3 million VND per unit for the selling price.
The price difference between the buying and selling prices of SJC gold at Sài Gòn SJC Gold Company is 2 million VND per unit.
Last week, the price of SJC gold decreased sharply, combined with a high price difference between buying and selling, resulting in heavy losses for investors.
If you buy gold at DOJI Group on August 4 with a price of 79.8 million VND per unit and sell it on August 11, the investor will incur a loss of 3.3 million VND per unit. Similarly, people who buy gold at Sài Gòn SJC Gold Company will also incur a loss of 3.3 million VND per unit.
Currently, the price difference between buying and selling gold is listed around 2 million VND per unit. Experts predict that this price difference is very high, making investors face the risk of loss when investing in the short term.
Price of 9999 Gold Rings
This morning, price of 9999 gold rings at Hưng Thịnh Vượng at DOJI was listed at 76.35-77.60 million VND per unit (buying price - selling price); decreased by 50,000 VND per unit for the buying price and increased by 50,000 VND per unit compared to the previous week's closing price.
Sài Gòn Gold Company listed the price of 9999 gold rings at 76.25-77.6 million VND per unit (buying price - selling price); increased by 100,000 VND per unit for the buying price and increased by 50,000 VND per unit compared to the previous week's closing price.
Bảo Tín Minh Châu listed the price of 9999 gold rings at 76.38-77.58 million VND per unit (buying price - selling price); increased by 60,000 VND per unit for both the buying and selling prices compared to the previous week's closing price.
In recent sessions, the price of 9999 gold rings has often fluctuated in the same direction as the global market. Investors can refer to the global market and expert opinions before making investment decisions.
Global Gold Price
Closing the week's trading session, global gold price listed on Kitco at 2,430 USD per ounce, decreased by 3.3 USD per ounce compared to the previous week's closing price.
Gold Price Forecast
Global gold price increased last week in the context of the US dollar remaining high. At 8am on August 11, the US Dollar Index, which measures the fluctuation of the US dollar against 6 major currencies, was listed at 102.980 points (decreased by 0.04%).
The latest gold survey from Kitco News shows that most experts in the industry predict that the price will remain stable in the coming week. Meanwhile, most investors expect the precious metal to increase.
10 analysts participated in the gold survey from Kitco News. Most experts predict that gold will remain stable in the coming week. Six experts (equivalent to 60%) predict that the price of gold will remain stable, while 40% of the remaining experts predict that gold will increase in the coming week. No one predicts that the price of gold will decrease.
There have been 210 votes cast in the online poll from Kitco. Most Main Street investors still maintain their optimistic views. 130 retail traders expect the price of gold to increase in the coming week. 45 people predict that the price of gold will decrease. Meanwhile, 35 people predict that the price will remain stable in the coming week.
Colin Cieszynski, Head of Market Strategy at SIA Wealth Management, said: "I am neutral on gold in the coming week. After ten days of fluctuations, the market may stabilize."
Similarly, Marc Chandler, Managing Director at Bannockburn Global Forex, also predicts that the price of gold will remain stable: "I think the market may have overestimated the possibility of a 50-point cut by the Federal Reserve."
In contrast, Adrian Day, Chairman of Adrian Day Asset Management, expects the price of gold to increase: "Market expectations of the Federal Reserve's continuous interest rate cuts and gold prices are changing. However, there is little doubt that at least one interest rate cut will occur in the near future. That will be a signal for investors to pay more attention to gold, especially when the US economy shows signs of recession."
Similarly, James Stanley, Senior Market Strategist at Forex.com, also predicts that the price of gold will increase in the coming week.
