SJC gold bar price
Closing the weekly trading session, DOJI Group listed SJC gold price at 78.3-79.8 million VND/tael (buy - sell).
Compared to last week's closing session, the gold price at DOJI increased by 800,000 VND/tael for buying and increased by 300,000 VND/tael for selling.
The difference in buying and selling price of SJC gold at DOJI Group is 1.5 million VND/tael.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 78.3-79.8 VND/tael (buy - sell).
Compared to last week's closing session, the gold price at Saigon SJC VBQ Company increased by 800,000 VND/tael for buying and increased by 300,000 VND/tael for selling.
The difference in buying - selling price of SJC gold at Saigon SJC VBQ Company is at 2 million VND/tael.
Last week, SJC gold price increased, but the difference between buying and selling gold was high, investors still suffered heavy losses.
If you buy gold at DOJI Group on July 28 for 79.5 million VND/tael and sell it today (August 4), the investor will lose 1.2 million VND/tael. Meanwhile, gold buyers at Saigon SJC VBQ Company also lost 1.2 million VND/tael.
Currently, the price difference between buying and selling gold is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of loss when making short-term investments.
Gold ring price 9999
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 76.40-77.55 million VND/tael (buy - sell); increased 600,000 VND/tael in buying volume and increased 500,000 VND/tael compared to last week's closing session.
Saigon Jewelry Company lists gold ring prices at 76.15-77.55 million VND/tael (buy - sell); increased 650,000 VND/tael in buying volume and increased 550,000 VND/tael compared to last week's closing session.
Bao Tin Minh Chau listed the gold ring price at 76.32-77.52 million VND/tael (buy - sell); an increase of 440,000 VND/tael in both buying and selling directions compared to last week's closing session.
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
Closing the weekly trading session, the world gold price listed on Kitco was at 2,433.3 USD/ounce, an increase of 47.2 USD/ounce compared to last week's closing session.
Gold price forecast
World gold prices last week increased in the context of a high USD index. Recorded at 6:00 a.m. on August 4, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 102,999 points (down 1.16%).
Adrian Day Chairman of Adrian Day Asset Management forecasts that gold prices will rise higher next week in the context of a weakening US economy and the increased possibility of interest rate cuts. Speaking at a press conference this week, FED Chairman Jerome Powell appeared impatient to cut interest rates. Day said that recently released data gave the US Central Bank more reason to conduct a policy pivot.
Sharing the same view, senior commodities broker Bob Haberkorn of RJO Futures said that gold will move higher next week. He explained that gold's sell-off in this week's trading session took place in a short period of time. Recession fears and weak jobs numbers have pushed gold higher and prices should continue to move higher next week to surpass $2,500 an ounce again.
George Milling-Stanley, an expert at State Street, commented that the current economic and political situation is supporting gold prices, and the price could reach 2,500-2,700 USD/ounce if the USD continues to weaken due to FED's interest rate policy.
This week, 14 analysts participated in the Kitco News Gold Survey. Wall Street's optimism about gold soared after stocks were jolted amid economic and geopolitical threats.
11 experts predict that gold prices will increase further next week. Meanwhile, only one person predicted the price would decrease. The remaining 2 analysts predict gold prices will move sideways next week.
Meanwhile, 191 votes were cast in Kitco's online poll. 140 investors expect gold prices to increase next week. Another 28 people predicted gold prices would decrease. Meanwhile, only 23 people forecast that gold prices will go sideways.
