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 - 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 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 77.45-78.55 million VND/tael (buy - sell); increased 150,000 VND/tael of purchased afternoon tea and increased 50,000 VND/tael of sold afternoon tea.
Saigon Jewelry Company lists gold ring prices at 77.3-78.65 million VND/tael (buy - sell); increased 100,000 VND/tael of purchased afternoon tea and increased 150,000 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 9:45 a.m., the world gold price listed on Kitco was at 2,507 USD 14.5/ounce, down 7.5 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold prices decreased slightly amid the recovery of the USD index. Recorded at 9:45 a.m. on August 27, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 100,792 points (up 0.05%).
According to some market analysts, gold is currently mainly focused on the upcoming interest rate cut by the US Federal Reserve (FED) next month following Chairman Jerome Powell's comments last Friday. .
Mr. Alex Ebkarian - CEO of Allegiance Gold Company (USA) - said that with expectations of interest rate cuts, gold prices will be pushed up to 2,600 USD/ounce.
Sharing the same opinion, Phillip Streible - Chief Market Strategist at Blue Line Futures - said that gold prices could rise to a new mark of 2,600 USD/ounce before the market witnesses selling pressure to take profits.
In its latest report on precious metals, Heraeus noted that gold prices are rising along with expectations of interest rate cuts.
“Last week, gold held above $2,500/ounce and hit a new record high of $2,531/ounce midweek. Investor sentiment and interest rate speculation appear to be the main drivers for gold currently.”
According to Kitco, gold still has plenty of room to increase in price as bullish bets by hedge funds hit a four-year high.
In a recent interview, Eric Stand said that the gold market has not yet reached its full potential.
