SJC gold bar price
As of 9am, the price of SJC gold bars listed by DOJI Group was at 79 - 81 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI remained unchanged in both buying and selling directions.
The difference in buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 79 - 81 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at VBQ Saigon SJC Company remained unchanged in both buying and selling directions.
The difference in buying - selling price of SJC gold at Saigon SJC VBQ Company is at the threshold of 2 million VND/tael.
Gold ring price 9999
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 77.30 - 78.50 million VND/tael (buy - sell); increased by 100,000 VND/tael for both buying and selling directions.
Saigon Jewelry Company lists gold ring prices at 77.2 - 78.5 million VND/tael (buy - sell); increased by 100,000 VND/tael for both buying and selling directions.
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 9:30 a.m., the world gold price listed on Kitco was at 2,514.5 USD/ounce, an increase of 2.1 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold prices are anchored high in the context of the USD index falling. Recorded at 9:10 a.m. on August 26, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 100,525 points (down 0.08%).
Precious metals are receiving quite positive forecasts. Kevin Grady - President of Phoenix Futures and Options said the gold market is focusing entirely on the FED's expected interest rate cut.
Grady predicts gold prices will be around $2,500 an ounce before the September meeting and thinks that level could act as support when the first rate cuts take place.
Adam Button - Director of Currency Strategy at Forexlive.com is one of the experts who commented positively on gold prices this week: "There is nothing against the upward momentum" - this expert said.
Michael Moor - Founder of Moor Analytics predicts precious metals will likely have a period of consolidation this week. In the same vein, Kitco senior analyst Jim Wyckoff sees both the technical picture and fundamentals favoring gold prices this week.
Notably, Darin Newsom - senior market analyst at Barchart.com - believes that gold prices tend to decrease in the coming days. “I will keep this direction for another week as the short-term trend for December gold has turned down.”
12 analysts participated in Kitco News' gold survey, with the majority predicting higher gold prices. 7 experts expect gold prices to increase this week. Meanwhile, two analysts forecast that gold prices will decrease. The remaining 3 experts predict that the price of this precious metal will decrease horizontally.
There were 225 votes cast in Kitco's online poll. 146 traders expect gold prices to rise this week. Another 41 expect the yellow metal to trade lower, while 38 respondents see prices consolidating this week.
