Domestic gold price As of 9:45 a.m. this morning, the SJC gold price listed by DOJI Group was at 79,8-81,8 million VND/tael (buy - sell). The difference in buying and selling price of SJC gold at DOJI is listed at 2 million VND/tael.
Compared to the opening session of the previous trading session, the gold price at DOJI Group increased by 400.000 VND/tael in both buying and selling directions.
Meanwhile, at Bao Tin Minh Chau, SJC gold price is listed at 80-81,75 million VND/tael (buy - sell). The difference in buying and selling price of SJC gold is 1,75 million VND/tael.
Compared to the opening of the previous trading session, the gold price at Bao Tin Minh Chau adjusted to increase by 450.000 VND/tael for buying and increasing by 400.000 VND/tael for selling.
The difference between buying and selling SJC gold is listed at a high level. This puts investors at risk of loss when buying gold.
As for gold rings, as of 9:45 a.m., the price of plain round gold rings was listed by Bao Tin Minh Chau at 67,96 - 69,16 million VND/tael (buy - sell). Compared to the opening session yesterday morning, the price of gold rings was adjusted by Bao Tin Minh Chau to increase by 100.000 VND/tael for both buying and selling directions.
Meanwhile, Saigon Jewelry is listed at 67,5-68,7 million VND/tael for buying and selling. Compared to the opening session yesterday morning, the price of gold rings was adjusted by Saigon Jewelry to increase by 200.000 VND/tael for both buying and selling directions.
Phu Nhuan Jewelry (PNJ) is listed at 67,5-68,6 million VND/tael (buy - sell). Compared to yesterday morning's opening session, the price of gold rings was adjusted by PNJ to increase by 200.000 VND/tael for both buying and selling directions.
World gold price At the beginning of this morning's trading session, it was listed on Kitco at 2.161,1 USD/ounce, up 13,1 USD/ounce compared to the opening of the morning session.
Gold price forecast
World gold prices increased sharply despite the increase in the USD index. Recorded at 9:45 am, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,310 points (up 0,07%).
Precious metals recovered due to expectations that the upcoming Federal Open Market Committee (FOMC) monetary policy meeting will have important changes in the timing of interest rate cuts.
President Adrian Day Asset Management said that gold still proves its ability to recover when the US Federal Reserve (FED) and other central banks delay easing interest rates. He said that the market seems certain that interest rates will be cut this year.
Chief market strategist Colin Cieszynski of SIA Wealth Management said that the next direction of gold will depend on what FED Chairman Jerome Powell says at the policy meeting.
Currency strategist Adam Button of Forexlive.com said that information from the FED is being awaited by the market. If the signal is positive, the expected number of interest rate cuts could be reduced from 3 to 2 times.
Notably, Saxo Bank commodity strategist Ole Hansen forecasts that inflation is "hotter" than expected, making the possibility of the FED delaying the policy pivot longer.
Meanwhile, key commodity and index analyst Arslan Butt of FX Leaders forecasts that gold in the short term may still be under pressure due to expectations that the FED scenario may maintain high interest rates in the short term. longer period. Interest rate expectations continue to keep investors on the sidelines waiting for further signals from the FED.
However, according to this expert, safe haven demand due to geopolitical tensions will prevent significant losses of this precious metal.
