SJC gold bar price
Closing the weekly trading session, DOJI Group listed SJC gold price at 78.5-80 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI increased by 3 million VND/tael of buying and increased by 3.02 million VND/tael of selling.
The difference in buying and selling price of SJC gold at DOJI is 1.5 million VND/tael.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 78.5-80 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon SJC VBQ Company increased by 3.02 million 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 1.5 million VND/tael.
Gold ring price 9999
As of 9:00 a.m., the price of 9999 Hung Thinh Vuong round gold ring at DOJI Jewelry Group was listed at 76.35-77.55 million VND/tael (buy - sell); Reduced 350,000 VND/tael for both buying and selling.
Saigon Jewelry Company lists gold ring prices at 76-77.5 million VND/tael (buy - sell); increased 520,000 VND/tael of purchased afternoon tea and increased 620,000 VND/tael of sold afternoon tea.
Bao Tin Minh Chau listed the gold ring price at 76.28-77.58 million VND/tael (buy - sell); Reduced by 180,000 VND/tael for both buying and selling directions.
Normally, the price of gold rings will move in the same direction as the world market. World gold prices are on a strong upward trend, so the price of 9999 plain round gold rings is likely to continue to rise.
World gold price
As of 9:00 a.m., the world gold price listed on Kitco was at 2,460.3 USD/ounce.
Gold price forecast
World gold prices cool down in the context of the USD index trending up. Recorded at 9:15 a.m. on July 18, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,500 points (up 0.06%).
According to Kitco - Gold prices are accelerating and trading near all-time highs. Some analysts say that precious metals are likely to increase even higher in the near future.
Chris Weston, head of research at Pepperstone, said gold's fundamentals have clearly changed.
According to this expert, 2,500 USD/ounce is the next test threshold for precious metals in the future, followed by a potential target of 2,600 USD/ounce.
Gold prices received positive signals to increase in price last week as the market began to increase expectations that the US Federal Reserve (FED) would cut interest rates in September. According to CME's FedWatch Tool, the market sees there is a 98% chance of easing at the September meeting.
“The market has a firm belief that the Fed is about to begin its easing cycle from September. As expectations of a Fed rate cut increase, gold has maintained a close relationship,” Weston said in the note. mine.
Adriana Kugler - a FED official predicts that the market will witness some volatility in the near future because the market needs confirmation that this is not just a temporary excitement.
He added that demand from Western markets, geopolitical risks and a potential recession could push gold prices to $2,600-$2,700 an ounce in the second half of the year.
