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 price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 80 - 82 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at Bao Tin Minh Chau 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 79.4 - 80.55 million VND/tael (buy - sell); unchanged.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 79.39 - 80.54 million VND/tael (buy - sell), remaining 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 8:55 a.m., the world gold price listed on Kitco was at $2,620.6/ounce, down $1.6/ounce from the beginning of the previous trading session. Despite the slight decrease, world gold is still trading around a multi-week record.
Gold Price Forecast
World gold prices fell slightly amid a recovery in the USD index. At 8:55 a.m. on September 23, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100.497 points (up 0.08%).
The gold market is heating up as financial investors increase their expectations that the US Federal Reserve (FED) will further reduce interest rates in the remaining months of 2024, causing the value of the USD to weaken, creating favorable conditions for gold prices to increase.
This week, 19 analysts participated in the Kitco News gold survey, and the majority see gold prices rising or at least trading sideways. Nine analysts see gold prices rising this week, while eight see it trading sideways. Only two see gold trading lower this week.
Meanwhile, 189 votes were cast in Kitco's online poll, with most Main Street investors returning to their bullish outlook.
129 retail traders expect gold prices to rise this week, while 29 see it trading lower. The remaining 31 respondents expect prices to trade sideways this week.
Adrian Day - Chairman of Adrian Day Asset Management is one of the experts who predicts positively about gold prices this week: "Currently, the gold price increase seems unstoppable, although there will be a time of pause or retreat".
Colin Cieszynski, chief market strategist at SIA Wealth Management, said he remains bullish on gold this week: "After hitting a new record high, technically it looks like a new rally may have begun."
Marc Chandler, CEO of Bannockburn Global Forex, said that the precious metal is likely to trade sideways this week. “Gold hit our target of $2,600 an ounce mid-week after the Fed cut interest rates by 50 basis points. Since then, gold has turned lower.
The main event this week that could have a big impact on gold prices is the release of the US core personal consumption expenditure (PCE) index for August, the Fed’s preferred inflation gauge, due Friday morning.
