SJC gold bar price
As of 9:00 a.m., the price of SJC gold bars listed by DOJI Group was at 78.5 - 80.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 78.5 - 80.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 77.45-78.6 million VND/tael (buy - sell); increased by 50,000 VND/tael for buying and increased by 100,000 VND/tael for selling.
Saigon Jewelry Company listed the price of gold rings at 77.3-78.7 million VND/tael (buy - sell); an increase of 50,000 VND/tael for buying and 150,000 VND/tael for selling.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
As of 9:40 a.m., the world gold price listed on Kitco was at 2,515.1 USD/ounce, up 18.6 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased amid a decline in the USD index. Recorded at 9:30 a.m. on September 6, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 100.997 points (down 0.08%).
World gold prices soared after the ADP employment report released yesterday showed weak growth in private sector jobs.
The report showed that US businesses hired just 99,000 workers in August, lower than the 111,000 in July and the 140,000 forecast by experts. At the same time, this is also the lowest increase since 2021.
However, on the contrary, the number of initial unemployment claims for the week ending September 5 was 227,000, down 5,000 compared to the adjusted result of the previous week.
However, the focus this week will still be on the US payrolls report due out today. According to experts, this data could have an impact on the direction of gold as it changes interest rate expectations.
Mr. Han Tan - Director of market analysis at Exinity Group commented on CNBC that if the August unemployment rate equals July's 4.3%, the highest level since 2021, that will bring gold prices back to record highs as the market increasingly expects a strong interest rate cut from the US Federal Reserve (FED).
The precious metal is being supported by a number of factors, including increased buying by central banks. In the latest report from the World Gold Council (WGC), WGC senior analyst Krishan Gopaul noted that central banks have continued to accumulate gold in recent months.
While rising gold prices may impact central bank demand this year, the long-term trend of government net purchases remains intact, Gopaul said. “Although overall demand has reportedly cooled as gold prices have risen to record highs, it remains positive,” he said.
Central bank gold purchases doubled in July, the expert said. Global central banks added a net 37 tonnes to their official reserves, representing a 206% increase.
“In total, seven central banks added gold (one tonne or more) to their reserves in July, while only one central bank reduced its gold holdings,” writes Krishan Gopaul.
