SJC gold bar price
Recorded at 9am, SJC gold price was listed by DOJI Group at 78.5-80 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI remained unchanged in both buying and selling directions.
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 VBQ Saigon SJC Company remained unchanged 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 76.10-77.35 million VND/tael (buy - sell); Reduced 250,000 VND/tael of afternoon tea purchased and reduced 200,000 VND/tael of afternoon tea sold.
Saigon Jewelry Company lists gold ring prices at 75.9-77.3 million VND/tael (buy - sell); Reduced 100,000 VND/tael of afternoon tea purchased and reduced 200,000 VND/tael of afternoon tea sold.
Bao Tin Minh Chau listed the gold ring price at 76.08-77.38 million VND/tael (buy - sell); Reduced 200,000 VND/tael for both buying and selling.
World gold price
As of 8:30 a.m., the world gold price listed on Kitco was at 2,422.7 USD/ounce, down 37.6 USD/ounce compared to the beginning of yesterday morning's trading session.
Gold price forecast
World gold prices cool down in the context of the USD index trending up. Recorded at 8:30 a.m. on July 19, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,967 points (up 0.05%).
Arslan Ali - currency and commodity analyst at FX Empire, the US Federal Reserve (FED) is expected to cut interest rates in September and US presidential candidate Donald Trump's support for with lower interest rates and tariffs combining to boost demand for gold.
“Lower interest rates often make non-yielding assets like gold more attractive to investors. In addition, former US President Donald Trump's support for tax cuts, interest rate cuts and tariff increases has further supported gold prices. This policy stance is considered potentially inflationary and could weaken the dollar, making gold a more attractive safe-haven asset,” Arslan Ali said.
However, this expert said that despite many of these favorable factors, the strength of the USD is still restraining the rise of gold.
“US retail sales in June remained steady at $704.3 billion, indicating stable consumer spending. Although, a stronger USD, the stability of retail sales along with the Fed's cautious stance on interest rate cuts still contributed to gold's recent price increase.
Investors are turning to gold as a hedge against the FED's future interest rate adjustments and economic growth prospects," said Arslan Ali.
Mr. Russell Shor - senior market expert at Tradu said that analysts forecast that gold will continue to be a source of long-term profits, boosted by the FED's preparations to cut interest rates and confidence in inflation. controlled.
Besides, geopolitical instability and demand from central banks are also creating a positive medium and long-term outlook for gold.
According to CME FedWatch Tool, the market is pricing in a 100% chance of a US interest rate cut in September.
