SJC gold bar price
As of 9:00 a.m., the price of SJC gold bars was listed by DOJI Group at 80 - 82 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 80 - 82 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 78-79.2 million VND/tael (buy - sell); unchanged.
Saigon Jewelry Company listed the price of gold rings at 77.9-79.2 million VND/tael (buy - sell); unchanged.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
As of 8:45 a.m., the world gold price listed on Kitco was at 2,573.4 USD/ounce, down 10.7 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell, but remained high amid a decline in the USD index. Recorded at 8:45 a.m. on September 18, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100,510 points (down 0.16%).
The recent rally in gold prices has paused as investors await the upcoming monetary policy decision of the US Federal Reserve (FED).
Economists note that economic data shows that the US economy remains quite resilient. The positive economic signals from the economy have led to speculation that the Fed may adopt a less aggressive approach to cutting interest rates than previously expected.
Michael Brown, senior research strategist at Pepperstone, said the Fed would only cut by 25 basis points but would provide dovish guidance on its new easing cycle.
Olivia Cross, North American economist at Capital Economics, said she also sees the Fed cutting by 25 basis points.
Currently, the CME FedWatch tool predicts a 100% chance of a rate cut in September. There's a 63% chance of a 50 basis point cut and a 37% chance of a more modest 25 basis point cut.
