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 and selling price of SJC gold at DOJI is 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 75.80-77.10 million VND/tael (buy - sell); Keep the buying direction unchanged and increase 50,000 VND/sale amount.
Saigon Jewelry Company lists gold ring prices at 75.55-77.15 million VND/tael (buy - sell); increased 50,000 VND/tael of purchased afternoon tea and increased 150,000 VND/tael of sold afternoon tea.
Bao Tin Minh Chau listed the gold ring price at 75.88-77.08 million VND/tael (buy - sell); no change in both directions.
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 2,391.8 USD/ounce; increased by 5.7 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 10:00 a.m. on July 29, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,952 points (down 0.1%).
Colin Cieszynski - Head of market strategy at SIA Wealth Management said: "I am optimistic about gold prices next week. I think that if US Federal Reserve Chairman (FED) - Mr. Jerome Powell appears dovish at the upcoming FED meeting and hints at cutting interest rates in September, that could push the USD down. and help gold recover.”
Dennis Gartman - founder of Gartman Letter expressed optimism about precious metals and sees any decline as an opportunity to buy.
“The correction we've seen in gold over the last two weeks just gives people a better opportunity to buy it. Gold has been in a bullish mode for a long time and will continue to be so for the foreseeable future."
On the contrary, Darin Newsom - senior market analyst at Barchart.com believes that gold prices will decrease next week: "Another sell-off next week could cause gold prices to continue to decline. Current resistance is at 2,350 USD/ounce.
Sean Lusk, co-head of commercial hedging at Walsh Trading, is monitoring price developments on Friday and adjusting his expectations for gold. This expert believes that cash flow is returning to the gold market and precious metals will soon increase in price.
Sean Lusk said it's hard to bet on gold prices falling when geopolitics, economics and finance are fluctuating. “China has been out of the gold market for several months, but maybe they will come back,” Lusk said. World geopolitical instability is also boosting gold prices. Any decline could be an opportunity to buy.”
However, this expert also sees both upside and downside risks for gold prices at the present time. "If gold cannot hold the $2,285/ounce area, this precious metal may drop another $100," he said.
Next week, this expert said he will monitor how the gold price develops from the beginning to evaluate the direction: "Gold must stay at 2,350 to 2,340 USD. Next week, if prices start at a lower level, the precious metal could fall to 2,280, 2,290 USD/ounce. However, any sharp decline will prompt investors to buy.”
Phillip Streible - Head of Market Strategy at Blue Line Futures is one of the few experts who predicts that gold prices will tend to move sideways in the near future.
