Domestic gold price
As of 9:30 am today, Phu Quy listed SJC gold bar prices at 144-147 million VND/tael (buying - selling), reversing to decrease by 600,000 VND/tael in both 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 144-147 million VND/tael (buying - selling), simultaneously decreasing by 600,000 VND/tael in both directions. The buying - selling difference was at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 144-147 million VND/tael (buying - selling), down 700,000 VND/tael compared to early this morning. The buying - selling difference is at 3 million VND/tael.
9999 gold ring price
As of 9:30 am, Phu Quy Gold and Gems Group listed the price of gold rings at 144-147.3 million VND/tael (buying - selling), down 600,000 VND/tael on the selling side. The buying - selling difference remained at 3.3 million VND/tael.
DOJI Group listed the price of gold rings at 145.2-149.2 million VND/tael (buying - selling), down 800,000 VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
The price of gold rings was listed by Bao Tin Minh Chau at the threshold of 145.3-149.3 million VND/tael (buying - selling), down 500,000 VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
World gold price
Recorded at 9:40 am, world gold prices were listed around 4,413.6 USD/ounce, down 15.3 USD/ounce.
Gold price forecast
Gold bars are almost flat at around 4,430 USD/ounce, after falling 1% in the previous session. According to data released on Friday, job growth in the US increased sharply in August, while the unemployment rate remained stable. These data reinforce the argument about the possibility that the US Federal Reserve (Fed) will raise interest rates at the meeting on September 15-16.
An index measuring the strength of the USD increased, making gold valued in greenbacks more expensive to many buyers. Traders also increased their bets on the possibility of the Fed raising interest rates in September, with a market-valued probability of about 60%, compared to 50% at the beginning of Friday's session. Higher interest rates are often detrimental to gold - a non-performing asset.
Gold prices have remained in a relatively narrow range since rebounding from a low of nearly 4,000 USD/ounce in July.
Last week, this precious metal continuously fluctuated around the threshold of 4,400 USD/ounce as traders repeatedly re-evaluated the monetary policy outlook of the Fed. Data on the consumer price index (CPI) released this week will provide more signals about the upcoming interest rate decision of the US central bank.
Concerns about rising inflation and escalating tensions in the Middle East have also raised new concerns about the risk of prolonged disruption to energy flows from this region. Iran said it targeted 3 oil tankers in the Strait of Hormuz, along with several ships related to the US, in response to US attacks on ships last weekend.
Gold price data is compared to the previous day.
The information in the article only reflects market developments, not investment recommendations.
See more news related to gold prices HERE...
