SJC gold bar price
At the end of the week's trading session, DOJI Group listed the price of SJC gold at 86.9-88.9 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at DOJI remained the same for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 86.8-88.8 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC in the session of January 26 and selling it in today's session (February 2), gold buyers at DOJI Group and Saigon Jewelry Company SJC will both lose 2 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 86.6-88.1 million VND/tael (buy - sell); both buying and selling prices remained unchanged compared to the closing price of last week's trading session.
Bao Tin Minh Chau listed the price of gold rings at 86.6-88.9 million VND/tael (buy - sell); both buying and selling prices remained unchanged compared to the closing price of last week's trading session.
If buying gold rings in the session of January 26 and selling in today's session (February 2), the buyer at DOJI will lose 1.5 million VND/tael; meanwhile, the buyer at Bao Tin Minh Chau will still lose 2.3 million VND/tael.
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
At the close of the weekly trading session, the world gold price listed on Kitco was at 2,797.9 USD/ounce, up 27.1 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices remain high despite the increase in the USD index. Recorded at 7:00 a.m. on February 2, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 108.220 points (up 0.55%).
Joy Yang, global head of index product management at MarketVector, predicts that gold prices may fluctuate due to speculative positioning. However, this does not change the long-term outlook for the precious metal.
“It’s not just about tariffs or whether they will be implemented. Sooner or later, there will be another surprise that the market didn’t see coming,” she said. “The market doesn’t know how to navigate this environment, so it makes sense for gold to stay above $2,800 an ounce.”
In addition, the market will closely monitor upcoming economic data to assess the monetary policy direction of the US Federal Reserve (FED).
On Wednesday, after keeping interest rates unchanged, Fed Chairman Jerome Powell said the central bank was in no rush to cut rates as inflation pressures persist and the labor market remains strong.
Core personal consumption expenditures (PCE) data from the US showed inflation rose 2.8% over the past 12 months, unchanged from October and November. While inflation has remained steady, analysts warn that tariffs and the threat of a trade war could quickly push prices higher.
With inflation data out of the way, investors will turn their attention to the labor market this week, particularly Friday's nonfarm payrolls report.
Important economic data next week
Monday: US ISM manufacturing PMI.
Tuesday: US JOLTS job vacancies.
Wednesday: ADP jobs report, US ISM services PMI.
Thursday: Bank of England monetary policy decision, US weekly jobless claims.
Friday: US nonfarm payrolls, University of Michigan preliminary consumer sentiment index.
See more news related to gold prices HERE...
