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 77.3-78.45 million VND/tael (buy - sell); down 150,000 VND/tael in both directions.
Saigon Jewelry Company listed the price of gold rings at 77.15 - 78.45 million VND/tael (buy - sell); down 150,000 VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings at 77.28-78.48 million VND/tael (buy - sell), down 150,000 VND/tael in both directions.
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 9:00 a.m., the world gold price listed on Kitco was at 2,498.8 USD/ounce, up 1.3 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices remained unchanged in the context of the USD index not changing much. Recorded at 9:00 a.m. on September 9, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 101.227 points (up 0.09%).
Current market sentiment, as reflected in CME's FedWatch tool, indicates a 100% chance of a US Federal Reserve rate cut in September.
The tool shows a 70% chance of a 0.25% cut and a 30% chance of a more substantial 0.5% cut. These odds have shifted significantly following the latest economic reports, with the odds of a larger cut dropping from 40% to 30%.
Anticipation of a rate cut has had an impact on the precious metals market. Gold futures for December delivery settled at $2,526.80, down $20.30, or 0.80%.
This week, 14 analysts participated in the Kitco News Gold Survey. The results showed a clear shift in sentiment to the downside. Only four experts expect gold prices to rise this week.
Meanwhile, seven analysts believe gold will trade lower this week, with the remaining three experts predicting further declines in the precious metal.
177 votes were cast in Kitco’s online poll. Main Street investors remained bullish. Exactly 100 traders expect gold prices to rise this week. Only 29 expect the precious metal to trade lower. Forty-eight see gold prices trading sideways this week.
After a week dominated by jobs data, inflation is once again the economic data to watch next week, with the US CPI for August due out on Wednesday morning and the ECB interest rate decision on Thursday morning.
Thursday will also see the release of the US PPI for August, along with weekly jobless claims. Next week concludes with the release of the University of Michigan's preliminary survey of consumer sentiment for September on Friday morning.
