Gold price today January 30: Rising momentum faces difficulties

Update SJC gold price

As of 10:45 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND86.8-88.8 million/tael (buy - sell); both buying and selling prices remained unchanged.

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.

Meanwhile, the price of SJC gold bars was listed by DOJI Group at 86.9-88.9 million VND/tael (buy - sell); both buying and selling prices remained unchanged.

The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.

Bao Tin Minh Chau listed SJC gold price at 86.9-88.9 million VND/tael (buy - sell); keeping both buying and selling prices unchanged.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say this difference is still very high. The difference between buying and selling prices is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make a profit, especially in the short term.

Price of round gold ring 9999

As of 10:45 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 86.6-88.1 million VND/tael (buy - sell); both buying and selling prices remain the same compared to early this morning.

Bao Tin Minh Chau listed the price of gold rings at 86.6-88.9 million VND/tael (buy - sell), keeping both buying and selling prices unchanged compared to early this morning.

World gold price

As of 10:45 a.m., the world gold price listed on Kitco was at 2,761.7 USD/ounce, down 3 USD/ounce compared to the beginning of the previous trading session.

Gold Price Forecast

World gold prices recovered amid a decline in the US dollar. At 10:45 a.m. on January 30, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 107,700 points (down 0.1%).

Gold prices are struggling to rise as they hover near key short-term support around $2,750 an ounce, after the Fed kept interest rates unchanged and did not provide much information about its monetary policy easing cycle.

As widely expected, the Fed kept the federal funds rate unchanged in a range of 4.25% to 4.50%.

The central bank's monetary policy statement was largely unchanged from its December meeting, when the Fed signaled a shift toward an easing cycle through 2025, with just two rate cuts expected.

Michael Brown, senior analyst at Pepperstone, said the statement showed the Fed, under Chairman Jerome Powell, was trying to buy time to maintain high flexibility as policymakers continue to assess the progress of reducing inflation and the resilience of the US labor market.

However, Brown also noted that the Fed is facing higher levels of economic uncertainty in 2025, which will increase market volatility.

“As a result, the Fed’s ‘safety cushion’ that has provided stability to risk assets over the past 18 months or so is now gone. The Fed’s support is being reduced each month as economic data remains solid.

This, coupled with greater uncertainty about monetary policy, could make stocks more volatile this year. However, with solid economic growth and continued expansion in corporate profits, the overall trend remains upward,” he said.

While the market still expects the Fed to cut interest rates twice this year, some analysts say January's cautious stance could make that expectation difficult to realize.

Paul Ashworth, chief North American economist at Capital Economics, said economic data over the next few months will play a key role in determining the Fed's easing path.

“We still expect the Fed to cut rates in March. However, that would require a significant downward revision to January’s weak jobs and inflation numbers,” he said.

“If the Fed does not continue to cut in the next few months, the window for further easing may close. While the market is still pricing in cuts in the second half of the year, we believe a series of tariffs could prevent that, as inflation could return to 3%,” he added.