Gold price today January 26: Unbelievable loss despite price breakout

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 increased by VND2 million/tael for both buying and selling. The difference between the buying and selling prices of SJC gold at DOJI Group is at VND2 million/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 increased by VND1.9 million/tael for both buying and selling. The difference between the buying and selling prices of SJC gold at DOJI Group is at VND2 million/tael.

If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC in the session of January 19 and selling it in today's session (January 26), gold buyers at DOJI Group will break even, while buyers at Saigon Jewelry Company SJC will lose 100,000 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); an increase of 2 million VND/tael for buying and 1.9 million VND/tael for selling 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); an increase of 1.7 million VND/tael for buying and 2.05 million VND/tael for selling compared to the closing price of last week's trading session.

If buying gold rings in session 19.1 and selling in session today (26.1), buyers at DOJI will profit 400,000 VND/tael; meanwhile, buyers at Bao Tin Minh Chau will still lose 225,000 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 2,770.8 USD/ounce, up 67.7 USD/ounce compared to the close of the previous week's trading session.

Gold Price Forecast

World gold prices are high amid a decline in the USD index. Recorded at 7:00 a.m. on January 26, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107.250 points (down 0.57%).

The latest Kitco News survey shows that industry experts are extremely bullish on gold prices, with retail investors also increasing their confidence in the precious metal's ability to re-establish record highs.

Ten analysts participated in the Kitco News gold survey. Eight (80%) expect gold prices to rise next week, while one (10%) expects prices to fall and another sees a sideways trend in the short term.

Meanwhile, 169 votes were cast in Kitco’s online poll. 118 retail traders (70%) predicted gold prices would rise next week, while 25 (15%) said they expected gold prices to fall. The remaining 26 (15%) predicted gold prices would fluctuate sideways in the coming period.

Adrian Day, chairman of Adrian Day Asset Management, said he expects gold prices to continue to rise. “The current momentum is certainly in favor of gold, even as North American investors continue to sell,” he said.

Darin Newsom, senior market analyst at Barchart.com, said there is little to stop gold from setting new highs as global markets continue to react to the unpredictability of the new US President.

“At this point, we can ignore technical and fundamental analysis,” he said. “Gold is a safe-haven market in the midst of the chaos surrounding the new US administration. No one can predict what the next words or actions will be.”