Selling price: 86.9 million VND/ounce

(NLĐO) – Both analysts and investors predict that gold prices may continue to rise today as the US President officially returns to the White House next week.

On the weekend of January 19th, SJC gold bars were listed by businesses at 84.9 million VND/ounce for buying and 86.9 million VND/ounce for selling, an increase of 100,000 VND/ounce compared to the end of the previous week. Although the increase is not significant, this marks the fourth consecutive week of rising gold prices, totaling approximately 3 million VND/ounce.

Gold prices fluctuated sharply this week. At times, the price rose to 87.3 million VND/ounce, while at other times it dropped to 86.4 million VND/ounce.

Due to the volatile price of gold, there are differences between businesses; for example, Mi Hong Company sells it at around 86.4 million VND/ounce...

In a rather unexpected development, on the free market, SJC gold bars are trading at a lower price than other brands, around 86.3 million VND per tael.

Gold prices rose for the fourth consecutive week today.

Meanwhile, the prices of gold rings and other gold jewelry fluctuated in the opposite direction, with businesses quoting buying prices at around 85 million VND/ounce and selling prices at 86.9 million VND/ounce, an increase of about 300,000 VND/ounce compared to the end of last week. The price of gold rings also rose to its highest level in several weeks.

Domestic gold prices rose in line with global fluctuations. On the international market, the precious metal closed the trading week at $2,703 per ounce, up more than $10 per ounce from the end of the previous week.

According to Kitco's survey on gold price trends for the coming week, both analysts and investors expect gold prices to continue rising today.

Newly released US inflation data shows lower-than-expected inflation, and the Federal Reserve (FED) is likely to continue cutting interest rates in the near future. This will slow the appreciation of the US dollar, lower US bond yields, and benefit the price of gold.

Gold prices fluctuated sharply last week.

At the same time, investors are also anticipating information on US tax and regulatory policies after Donald Trump officially returns to the White House early next week.

Specifically, in the Wall Street survey, 11 analysts participated, with 64% predicting a further increase in gold prices, 18% forecasting a decrease, and the remainder predicting prices would remain stable.

Similarly, in an online survey on Main Street, 156 investors responded, with 64% predicting a rise in gold prices, 22% predicting a fall, and the remainder predicting prices would remain stable.

Currently, the world gold price, converted according to the listed exchange rate, is approximately 83.1 million VND per tael.

Source: https://nld.com.vn/gia-vang-hom-nay-19-1-ban-ra-869-trieu-dong-luong-196250119090145858.htm