Updated SJC gold price
As of 9:55 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 88.9-90.9 million/tael (buy - sell), down VND 300,000/tael for buying and down VND 600,000/tael for selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
Meanwhile, the price of SJC gold bars was listed by DOJI Group at 88.9-90.9 million VND/tael (buy - sell), down 300,000 VND/tael for buying and down 600,000 VND/tael for selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at 89.1-90.9 million VND/tael (buy - sell); down 400,000 VND/tael for buying and down 600,000 VND/tael for selling.
The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 1.8 million VND/tael.
9999 round gold ring price
As of 9:55 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND89.8-90.9 million/tael (buy in - sell out); down VND400,000/tael for both buying and selling compared to early this morning.
The difference between buying and selling is at 1.1 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 89.95-91.4 million VND/tael (buy - sell), down 350,000 VND/tael for buying and down 600,000 VND/tael for selling compared to early this morning.
The difference between buying and selling is at 1.45 million VND/tael.
World gold price
As of 9:55 a.m., the world gold price listed on Kitco was at 2,873.2 USD/ounce, down 39.4 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold prices fell amid an increase in the USD. Recorded at 9:55 a.m. on February 28, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 107.305 points (up 0.08%).
According to Kitco, world gold prices fell sharply after US President Donald Trump suddenly made a new statement about the tax, raising concerns about trade tensions.
Analysts said that about half of today's gold price decline came from the stronger USD, the rest was due to direct selling pressure in the gold market.
This sell-off came after US President Donald Trump suddenly announced new tax measures, creating mixed reactions in the market.
On February 27, Donald Trump announced a 25% tariff on imports from Canada and Mexico to take effect next Tuesday, in addition to the 10% tariff on Chinese goods that has been implemented since the beginning of this month.
We cannot let this disaster continue to hurt the United States. The tax will be in place until it is stopped or severely restricted," Trump wrote on his Truth Social platform.
Gold prices are also under pressure as new US economic data is released. The US Commerce Department announced that long-term commodity orders increased by 3.1% in January, far exceeding analysts' forecast of 1.3%, and reversed the 1.8% decrease in December.
The January long-term orders data showed that demand in the US economy is still quite strong. This is often seen as a positive signal for the USD and could put downward pressure on gold prices because gold is an uninterrated asset.
Meanwhile, data from the National Association of Realtors (NAR) also put more pressure on gold prices. The index of pending home contracts fell 4.6% in January, down to a record low of 70.6 - much lower than the forecast increase of 1.3%.
Compared to the same period last year, the number of contracts decreased by 5.2%, contrary to the expectation of a 6% increase. Housing affordability in the US weakened as mortgage rates ranged from 6.91% to 7.04% in January.
See more news related to gold prices HERE...
