SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 143-146 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (September 6), SJC gold bar price at Saigon SJC Jewelry Company decreased by 1.6 million VND/tael in both buying and selling directions.
Meanwhile, DOJI listed SJC gold price at 143-146 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (September 6), SJC gold bar price at DOJI decreased by 1.6 million VND/tael in both buying and selling directions.
If buying SJC gold bars on September 6th and selling them on today's session (September 13th), buyers at Saigon SJC and DOJI Jewelry Company both lost 4.6 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 143-147 million VND/tael (buying - selling), down 3 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 143-146.4 million VND/tael (buying - selling), down 1.6 million VND/tael on the buying side and down 1.5 million VND/tael on the selling side. The buying - selling difference is at 3.4 million VND/tael.
If buying gold rings on September 6th and selling them on today's session (September 13th), buyers at DOJI will lose 7 million VND/tael, while buyers at Phu Quy will lose 4.9 million VND/tael.
World gold price
Closing the weekly trading session, world gold prices were listed at 4,347.7 USD/ounce, down 81.4 USD compared to a week ago.
Gold price forecast
World gold prices closed the trading week with signs of recovery after a strong correction before. Precious metals regained momentum when some factors putting pressure on the market temporarily cooled down, including the weakening of the USD, US bond yields falling again and oil prices leaving the highs after a strong rally.
Previously, gold faced great pressure after US economic data increased expectations that the US Federal Reserve (Fed) could maintain a high interest rate policy for a longer time. The sharp increase in US Treasury bond yields increased the opportunity cost of holding gold, because precious metals do not generate cash flow.
However, selling pressure has stalled as gold prices still maintain important support zones. The market has not recorded a deep downward trend as spot prices are still above the support level of around 4,320 USD/ounce and higher than the 50-day average. This shows that a part of long-term investors are taking advantage of corrections to increase positions.
Besides technical factors, gold continues to receive support from potential risks of the global economy. Geopolitical instability, the risk of energy supply disruptions and issues related to public debt still maintain defense demand for precious metals.
Gold purchases by central banks are also considered an important supporting factor in the long term. In the context of the global financial market continuously fluctuating, gold still plays a reserve asset role to minimize risks in the face of monetary and economic fluctuations.
In the coming week, the focus of the market will be on policy signals from the Fed. If this agency continues to send cautious messages about interest rates, the USD and bond yields may put more pressure on gold prices. Conversely, signals that monetary policy may be looser will become a driving force to help precious metals recover.
A recent survey of gold price outlook for the week by a precious metals website shows that optimistic sentiment is gradually returning in the analysis group, although individual investors are still cautious after the past week of price declines.
Survey results with 14 experts show that 9 people predict gold prices will increase next week, accounting for 64%. Two experts believe that prices may continue to fall, while 3 opinions predict that the precious metal will fluctuate in a narrow range to wait for new signals.
Meanwhile, the group of individual investors still slightly leans towards the possibility of gold price increase. Out of a total of 218 votes, 53% expect gold prices to go up, 24% forecast to decrease and 23% believe that the market will accumulate, not yet forming a clear trend.
Gold price data is compared to a week earlier.
See more news related to gold prices HERE...
