Updated SJC gold price
As of 9:25, the price of SJC gold bars was listed by Saigon Jewelry Company at VND89.8-92.1 million/tael (buy in - sell out); increased by VND100,000/tael for both buying and selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2.3 million VND/tael.
Meanwhile, the price of SJC gold bars was listed by DOJI Group at VND89.8-92.1 million/tael (buy - sell); increased by VND100,000/tael for both buying and selling.
The difference between the buying and selling prices of SJC gold at DOJI Group is at 2.3 million VND/tael.
At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at VND89.8-92.1 million/tael (buy - sell); increased by VND100,000/tael for both buying and selling.
The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 2.3 million VND/tael.
9999 round gold ring price
As of 9:25 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 90.4-92.1 million VND/tael (buy - sell); down 100,000 VND/tael for buying and up 100,000 VND/tael for selling compared to early this morning.
The difference between buying and selling is at 1.7 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 90.45-92.2 million VND/tael (buy - sell), an increase of 250,000 VND/tael for buying and an increase of 500,000 VND/tael for selling compared to early this morning.
The difference between buying and selling is at 1.75 million VND/tael.
World gold price
As of 9:24, the world gold price listed on Kitco was at 2,938 USD/ounce, up 1.9 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold prices increased in the context of the USD decreasing. Recorded at 9:25 a.m. on February 20, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.965 points (down 0.1%).
Gold prices are trading at a high level after the latest data on US housing showed a mixed picture last month.
The US Commerce Department said Tuesday that the number of homes under construction fell 9.8% in January, to a seasonally adjusted rate of 1.366 million units/year. This data was worse than expected as economists expected a slight decrease of -9.0% to 1.400 million units. In December, this figure was 1.515 million units.
For the year, housing construction activities decreased by 0.7% compared to 1.376 million units in January 2024.
According to Ernest Hoffman - market analyst of Kitco News, the gold market has increased after the housing data was released. The last spot gold price was recorded at 2,940.58 USD/ounce, up 0.18% on the day and not far from the highest in the session at 2,947.08 USD/ounce.
Jim Wyckoff - senior analyst at Kitco said that the price of gold futures for April is showing a strong upward trend in the short term, according to technical analysis on the chart. Buyers are aiming to push prices above $3,000/ounce. On the contrary, sellers want to pull the price down to below 2,850 USD/ounce.
For now, the first resistance that gold needs to overcome is 2,968.50 USD/ounce, followed by 2,985 USD/ounce. Meanwhile, if prices fall, the key support zone will be $2,925/ounce and then $2,900/ounce.
In addition, Jim Wyckoff also said that safe-haven purchases will continue to support the two precious metals this week.
Meanwhile, market strategist Paul Wong of Sprott Asset Management said that the gold market is being supported by unusually increased instability.
According to this expert, tariffs, trade negotiations or ongoing threats around the world are creating a push for this precious metal.
See more news related to gold prices HERE...
