9999 gold ring price
Ancarat listed the price of 9999 gold rings around 144.6-148.1 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 144.1 - 147.3 million VND/tael (buying - selling), an increase of 100,000 VND/tael on the buying side and keeping the selling side unchanged. The buying - selling difference is at 3.2 million VND/tael.
DOJI Group listed the price of gold rings at 145.2-149.2 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling is at 4 million VND/tael.
The price of gold rings is listed by Bao Tin Minh Chau at the threshold of 144.6-148.6 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.
SJC gold bar price
As of 9:30 am, Phu Quy listed SJC gold bar prices at the threshold of 144.1 - 147.1 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling 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 144.1 - 147.1 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The buying - selling difference was at 3 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 143.5-146.5 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Jewelry gold price
Ancarat listed the price of 24K 9999 gold jewelry around 143.1-148.1 million VND/tael (buying - selling).
DOJI listed 9999 jewelry gold at the threshold of 143.5-147.5 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to yesterday's closing session.
Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at the threshold of 143.5-147.5 million VND/tael (buying - selling).
World gold price
At 9:23 am, world gold prices were listed around the threshold of 4, 427.9 USD/ounce, up 14.3 USD.
Gold price forecast
Gold prices remain volatile after the US August Non-Farm Productivity (NFP) report was stronger than expected, increasing expectations that the Fed would adjust interest rates this month.
According to the CME FedWatch tool, traders currently predict the possibility of the Fed raising interest rates at the upcoming policy meeting at 60%, up from 50% before the jobs data was released on Friday.
This development caused US bond yields to increase, while reducing the attractiveness of gold - a non-performing asset. When the USD and bond yields increase, gold prices are often under pressure because the precious metal is valued in USD.
This week, the market will focus on US inflation figures, including the producer price index (PPI) and the consumer price index (CPI).
If data shows that inflation continues to rise, expectations of the Fed raising interest rates in September may be strengthened. This is likely to support the USD and put pressure on gold prices.
Conversely, lower-than-expected inflation may reduce the possibility of the Fed raising interest rates, thereby supporting gold prices and commodities valued in USD.
Although decreasing in the short term, gold prices are still assessed as maintaining a long-term upward trend. The market continues to be interested in the demand for physical gold accumulation, investment activities through futures contracts and options, as well as cash flow from individual and institutional investors.
In that context, investors will continue to closely monitor inflation data and Fed statements to assess the next direction of gold prices.
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...
