Updated SJC gold price
As of 9:10 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND89.2-91.5 million/tael (buy in - sell out), down VND200,000/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 VND89.2-91.5 million/tael (buy - sell), down VND200,000/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.
At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at VND89.4-91.5 million/tael (buy - sell); down VND200,000/tael for both buying and selling.
The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 2.1 million VND/tael.
9999 round gold ring price
As of 9:10 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND89.8-91.5 million/tael (buy - sell); down VND200,000/tael for both buying and 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 90.1-91.6 million VND/tael (buy - sell), keeping the same buying price and decreasing 200,000 VND/tael for selling compared to early this morning.
The difference between buying and selling is at 1.5 million VND/tael.
World gold price
As of 9:25, the world gold price listed on Kitco was at 2,931.7 USD/ounce, down 4.5 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold prices tend to decrease despite the decline of the USD. Recorded at 9:25 a.m. on February 24, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.520 points (down 0.36%).
Kitco News' weekly gold price survey shows that industry experts are increasingly cautious about gold's short-term prospects.
Last week, a survey by Kitco News with 14 experts showed that 71%, (10 people) predicted gold prices would increase, with 14% (2 people) saying prices would decrease and the remaining 14% saying that gold would go sideways.
This week, the latest survey with 17 experts shows that optimism on Wall Street is showing signs of being contained. Only 53% (9 people) predict gold prices will increase. The percentage of experts who believe that prices will decrease and go sideways will reach 24% (4 people per group).
This change shows that the level of optimism has decreased compared to last week, when optimism dominated with more than 70% of the price increase forecast, and now analysts are more cautious in their assessment of the trend of the precious metal.
James Stanley - senior strategist at Forex.com predicted gold prices will increase: "Buying has not shown any signs of slowing down and this week continues to be a strong candle on the weekly chart. I think there is a high chance that gold will reach $3,000/ounce in the near future, but there may also be a big change around that level."
Rich Checkan - chairman and CEO of Asset Strategies International commented that gold could soon test the $3,000/ounce mark due to the uncertainty in the market and geopolitics: "I believe that next week prices will continue to approach this threshold".
On the other hand, Adrian Day - chairman of Adrian Day Asset Management said that gold prices will decrease: "The increase in gold in the past two months has far exceeded the usual trend, so there may be a correction. However, I think this decline will be short and insignificant. The reasons for investors to buy gold are still there, while North American investors are not yet taking a strong stance."
Marc Chandler - CEO of Bannockburn Global Forex warned about the possibility of a short-term correction: "Gold hit a record high of nearly 2,955 USD/ounce on February 20. However, technically, it is starting to show signs of being easily adjusted down. The increase of more than 13% since the beginning of the year may make investors hesitate and slow down their buying momentum".
Meanwhile, Kevin Grady - president of Phoenix Futures and Options commented that gold prices reflect the market's difficulty in calculating the impact of US President Donald Trump's policies. "The current market is just trying to understand the situation," he said.
See more news related to gold prices HERE...
