SJC gold bar price
Recorded at 9am, SJC gold price was listed by DOJI Group at 77.8-79.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI increased sharply by 800,000 VND/tael in both buying and selling directions.
The difference in buying and selling price of SJC gold at DOJI is at 2 million VND/tael. This threshold is quite high, causing investors to face the risk of loss.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 77.8-79.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon SJC VBQ Company increased sharply by 800,000 VND/tael in both buying and selling directions.
The difference in buying - selling price of SJC gold at Saigon SJC VBQ Company is at the threshold of 2 million VND/tael.
Gold ring price 9999
As of 9am, the price of 9999 Hung Thinh Vuong round gold ring at DOJI Jewelry Group was listed at 76.45-77.65 million VND/tael (buy - sell); increased by 400,000 VND/tael for both buying and selling directions.
Saigon Jewelry Company lists gold ring prices at 76.3-77.65 million VND/tael (buy - sell); increased 500,000 VND/tael of purchased afternoon tea and increased 450,000 VND/tael of sold afternoon tea.
Bao Tin Minh Chau listed the gold ring price at 76.43-77.63 million VND/tael (buy - sell); increased by 600,000 VND/tael both ways.
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 9:00 a.m., the world gold price listed on Kitco was at 2,408.5 USD/ounce; increased by 29.2 USD/ounce compared to the beginning of yesterday's trading session.
Gold price forecast
World gold prices increased sharply when the USD index fell. Recorded at 9:00 a.m. on August 1, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,782 points (down 0.07%).
According to Kitco - Gold prices increased sharply partly because the US Federal Reserve (FED) kept interest rates unchanged, considering inflation no longer a threat to the economy.
Besides, geopolitical tensions are also causing money to flow into gold. Early on the morning of July 31, Hamas leader Ismail Haniyeh was assassinated in Iran. Hamas accused Israel of being behind the assassination, but Tel Aviv refused to comment on the incident.
Even if gold loses all of its 2024 gains, the precious metal will continue to shine because ETF investors are showing renewed interest, said Ole Hansen - Head of Commodity Strategy at Saxo Bank. for gold.
"Gold's recent new record high price was only slightly below Saxo's year-end forecast of $2,500 per ounce. Market participants see recent US data as a confirmation," Hansen noted. confirmed that the Fed's interest rate cutting cycle will begin in September instead of December."
This expert said that currently the most important supporting factors for gold are "geopolitical risks and the US presidential election in November".
Senior market strategist Bob Haberkorn at RJO Futures said that the FED's interest rate cut along with geopolitical risks in the Middle East could potentially push gold prices up to 2,700 USD/ounce.
