Update SJC gold price
As of 9:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 86.8-88.8 million VND/tael (buy - sell); both buying and selling prices remained unchanged.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Meanwhile, the price of SJC gold bars was listed by DOJI Group at 86.9-88.9 million VND/tael (buy - sell); both buying and selling prices remained unchanged.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 86.9-88.9 million VND/tael (buy - sell); keeping both buying and selling prices unchanged.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say this difference is still very high. The difference between buying and selling prices is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make a profit, especially in the short term.
Price of round gold ring 9999
As of 9:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 86.6-88.1 million VND/tael (buy - sell); both selling prices remain the same compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 86.6-88.9 million VND/tael (buy - sell), keeping the buying price unchanged and increasing the selling price by 100,000 VND/tael compared to early this morning.
World gold price
As of 9:15 a.m., the world gold price listed on Kitco was at 2,759 USD/ounce, down 11.8 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell amid an increase in the US dollar. Recorded at 9:20 a.m. on January 27, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107.540 points (up 0.27%).
Despite the decline, gold prices are receiving positive forecasts from experts this week. Of the 10 analysts participating in the Kitco News gold survey, 8 experts (80%) expect gold prices to rise next week, only 1 expert (10%) predicts prices to fall and another expert believes that gold will move sideways 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.
Adam Button, head of currency strategy at Forexlive, said the threat of tariffs was weighing on the gold market but the Lunar New Year holiday in many Asian countries would slow the rally.
Meanwhile, Darin Newsom - senior market analyst at Barchart said that gold prices are unlikely to reach a new record high in the context of the global market continuing to react to the new policies of the new US President.
He believes that gold is a safe haven from the chaos surrounding the new US administration. However, the market cannot know what the next statement and action will be. At some point, the market will repeat the lesson of the past 4-8 years and ignore the statements from the US.
Notable economic data this week
Monday: US New Home Sales.
Tuesday: US durable goods orders, consumer confidence.
Wednesday: Monetary policy decisions by the Bank of Canada and the US Federal Reserve.
Thursday: ECB monetary policy decision, US Q4 GDP, US weekly jobless claims, US pending home sales.
Friday: US PCE index, personal income and spending.
See more news related to gold prices HERE...
