Gold price today 17.9: Fall

SJC gold bar price

As of 9:00 AM, Saigon SJC Jewelry Company listed SJC gold prices at the threshold of 142.8-145.8 million VND/tael (buying - selling), turning down 700,000 VND/tael in both directions compared to the previous closing session. The buying - selling difference is at 3 million VND/tael.

Similarly, DOJI listed SJC gold price at the threshold of 142.8-145.8 million VND/tael (buying - selling), simultaneously decreasing by 700,000 VND/tael in both directions compared to yesterday's closing session. The buying - selling difference is at 3 million VND/tael.

Phu Quy listed the price of SJC gold bars at the threshold of 142.8-145.8 million VND/tael (buying - selling), both down 700,000 VND/tael in both directions compared to 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 142.5 - 145.3 million VND/tael (buying - selling), down 500,000 VND/tael on the buying side and 800,000 VND/tael on the selling side, respectively. The buying - selling difference is at 2.8 million VND/tael.

DOJI Group listed the price of gold rings at 143-147 million VND/tael (buying - selling), unchanged compared to the previous trading session. The buying - selling difference is at 4 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 142.8-146.8 million VND/tael (buying - selling), down 700,000 VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.

World gold price

As of 9:05 am, world gold prices are listed at the threshold of 4,298.7 USD/ounce.

Gold price forecast

The latest positioning in the market has shifted in a disadvantageous direction again for the precious metal after the Fed increased the target margin of the federal fund interest rate by 25 basis points to 3.75-4%. Updated forecasts show that 16 out of 18 Fed officials believe interest rates will increase again at least once by the end of the year.

The reality is clearly that inflation is too high and has been at a high level for too long. Inflation figures this summer do not show fundamental trends that have improved significantly" - Mr. Warsh said in the introduction.

Throughout the 30-minute press conference, the Fed Chairman repeatedly emphasized that the focus of the Fed is price stabilization.

We are committed to discipline, not committed to a specific decision. Today's action begins to show that we are serious about this goal. And we will achieve the goal of price stabilization," Mr. Warsh said.

Mr. Warsh also reiterated that in the context of relatively solid economic growth, the Fed's biggest concern is persistent inflation.

The Fed Chairman also downplayed the worrying level of recent bond yield growth. This week, the yield of 10-year US Treasury bonds rose to its highest level since 2007, exceeding 5%.

Mr. Warsh said that stronger economic growth in 2026 has contributed to boosting yields, while increased spending and large-scale borrowing activities of large technology corporations have increased competition for available capital.

Geopolitical hotspots around the world are also creating increased pressure on long-term yields, especially through a broader impact on energy prices, agricultural commodities as well as the costs of final products reaching US consumers.

For gold, the message from the Fed is negative to the price. The interest rate hike was predicted by the market and reflected in the price, but the updated economic forecast chart and Mr. Warsh's tough tone continue to make real yields the dominant factor.

The precious metal has lost its recovery momentum before the Fed meeting. Gold prices fell back to the support zone of 4,257.42 USD/ounce and are still below the resistance level of 4,313.67 USD/ounce in the latest technical analysis system.