9999 gold ring price
As of 9:20 am, Ancarat listed the price of 9999 Tich Tai Gold Ring at 147-150 million VND/tael (buying - selling), down 1.4 million VND/tael on the buying side and down 1.8 million VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 146.7-149.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
DOJI Group listed the price of gold rings at the threshold of 147.7-151.7 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
The price of gold rings is listed by Bao Tin Minh Chau at 147.4-151.4 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling is at 4 million VND/tael.
SJC gold bar price
As of 9:20 am, Phu Quy listed SJC gold bar prices at the threshold of 146.7-149.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI at the threshold of 146.7-149.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference was at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 147.4-151.4 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
Jewelry gold price
As of 9:30 am, Ancarat listed the price of 24K 9999 Gold Jewelry at 142-150 million VND/tael (buying - selling), down 1.8 million VND/tael in both buying and selling directions.
DOJI listed 9999 jewelry gold at the threshold of 146.5-150.5 million VND/tael (buying - selling), down 1.5 million VND/tael in both buying and selling directions.
Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at the threshold of 145.7-150.7 million VND/tael (buying - selling), down 700,000 VND/tael in both buying and selling directions.
World gold price
At 9:25 am, world gold prices were listed around the threshold of 4,582 USD/ounce, down 58.8 USD.
Gold price forecast
World gold prices are under adjustment pressure after a strong increase in recent times, as the market continues to assess new signals about monetary policy from the US Federal Reserve (Fed). The latest inflation data shows that price pressure in the US has not completely cooled down, making expectations about the possibility of monetary policy easing in the short term not really clear.
The price index of personal consumption (PCE) in July increased by 0.2% compared to the previous month and increased by 3.7% compared to the same period last year. Meanwhile, the core PCE index - a measure of particular interest to the Fed - also increased by 0.2% in the month and increased by 3.3% compared to the same period. These figures show that the process of bringing inflation to the Fed's 2% target is still challenging.
In addition, the US labor market still maintained stability as the number of unemployment claims last week decreased to 203,000, lower than forecast. This partly reduced expectations of the Fed soon switching to a strong monetary easing policy, thereby putting pressure on gold prices as the USD and US bond yields remained at a high level.
Currently, investors are focusing on Fed Chairman Kevin Warsh's speech at the Jackson Hole conference to look for more signals about interest rate orientation in the coming time. If the messages given show that the Fed still prioritizes controlling inflation, the USD may continue to be supported, putting pressure on the precious metal.
However, the long-term outlook for gold still receives support from safe-haven demand, concerns about US public debt and the trend of asset diversification of global investors. These factors may help buyers return if gold prices adjust deeper.
Gold price data is compared to the previous day.
The article reflects market developments at the time of recording and is not an investment recommendation. Investors need to carefully consider their financial capacity, personal goals and related risks before making a decision to buy or sell gold.
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