SJC gold bar price
Recorded at 9am, SJC gold price was listed by DOJI Group at 77.5-79.5 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 - selling price of SJC gold at DOJI is at 2 million VND/tael. This threshold is quite high, causing investors to face the risk of loss.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 77.5-79.5 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 2 million VND/tael.
Gold ring price 9999
As of 9:00 a.m., the price of 9999 Hung Thinh Vuong round gold ring at DOJI Jewelry Group was listed at 75.80-77.05 million VND/tael (buy - sell); increased by 200,000 VND/tael for both buying and selling directions.
Saigon Jewelry Company lists gold ring prices at 75.5-77 million VND/tael (buy - sell); increased by 300,000 VND/tael for both buying and selling directions.
Bao Tin Minh Chau listed the gold ring price at 75.88-77.08 million VND/tael (buy - sell); increased 300,000 VND/tael of purchased afternoon tea and increased 200,000 VND/tael of sold afternoon tea.
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 9:00 a.m., the world gold price listed on Kitco was at 2,386.1 USD/ounce; an increase of 14.3 USD/ounce compared to the beginning of yesterday's trading session.
Gold price forecast
World gold prices tend to recover after the USD index drops. Recorded at 9:00 a.m. on July 26, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,075 points (down 0.03%).
Jim Wyckoff - analyst at Kitco Metals, commented that the decline in USD and US stocks is supporting the demand for precious metals such as gold.
Meanwhile, Mr. Chris Gaffney - senior expert at EverBank said that the market's expectation that the US Federal Reserve (FED) may decide to cut interest rates earlier than September is Factors supporting the increase in gold prices in the near future.
Kitco News' latest weekly Gold Survey shows industry experts are once again more optimistic, while retail sentiment improved further compared to last week.
This week, 16 analysts participated in the Kitco News Gold Survey. The survey shows renewed optimism about the precious metal's short-term prospects as seven experts expect gold prices to rise next week. Only 4 people predicted the price would decrease. The remaining 5 analysts forecast that gold prices will move sideways next week.
Meanwhile, 193 votes were cast in Kitco's online poll. Main Street investors are more optimistic about gold prices than last week.
127 traders expect gold prices to rise next week. Another 37 people expect precious metals to decrease in price. While the remaining 29 people think that gold will go sideways next week.
All attention is on the Fed's July interest rate setting and Thursday afternoon's press conference; Next up is the US nonfarm payrolls report for July released on Friday morning.
Precious metals traders will be keen to see whether Fed Chairman Jerome Powell changes his tone in response to this week's higher-than-expected July PCE inflation report.
