SJC gold bar price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 120-121.5 million VND/tael (buy - sell); an increase of 300,000 VND/tael in both directions. The difference between the buy and sell prices was at 1.5 million VND/tael.
DOJI Group listed at 120-121.5 million VND/tael (buy - sell); increased 300,000 VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 120-121.5 million VND/tael (buy - sell); an increase of 300,000 VND/tael in both directions. The difference between the buy and sell prices is at 1.5 million VND/tael.
Phu Quy Gold and Gemstone Group listed the price of SJC gold bars at 119.5-121.5 million VND/tael (buy - sell); increased by 300,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
9999 gold ring price
As of 6:00 a.m., DOJI Group listed the price of gold rings at 116.1-118.6 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both directions. The difference between buying and selling is 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 116.3-119.3 million VND/tael (buy - sell), unchanged in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Gemstone Group listed the price of gold rings at 115.2-118.2 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
World gold price
World gold price listed at 6:35 am was at 3,279.5 USD/ounce, down 43.5 USD compared to 1 day ago.
Gold Price Forecast
Gold prices fell sharply after positive US economic reports reinforced the hawkish stance on US monetary policy. Gold futures for December delivery fell $26.2 to $3,354.7 an ounce.
The US economy grew 3% year-on-year in the second quarter, rebounding sharply from a 0.5% contraction in the first quarter and beating expectations of 2.4%, driven largely by a drop in imports due to lingering trade tensions.
Personal consumption, as measured by the Personal Consumption Expenditures (PCE) index, rose 1.4%, in line with expectations and up from 0.5% in the previous quarter. However, weaker business investment and exports weighed on growth. The report will make it harder for the Federal Reserve to cut interest rates in the near future.
Markets are awaiting the outcome of the Federal Open Market Committee (FOMC) meeting that began Tuesday morning and concludes this afternoon with a policy statement and press conference from Fed Chairman Jerome Powell.
The Fed is expected to keep interest rates unchanged this week, but many market observers believe Powell could hint at the possibility of easing monetary policy in the fall.
Technically, the December gold bulls still have the near-term advantage but are weakening. The next target for bulls is a close above the strong resistance at the July high of $3,509 an ounce.
Conversely, bears are aiming to pull the price below solid technical support at $3,300/oz. Immediate resistance lies at today’s high of $3,389.3/oz, followed by this week’s high of $3,402.4/oz. Initial support is at $3,350/oz, followed by $3,325/oz.
Overseas markets saw the dollar index rise sharply, hitting a two-month high. Nymex crude oil prices rose, trading around $69.75 a barrel. The yield on the 10-year US Treasury note is currently around 4.4%.
Source: https://baoquangninh.vn/cap-nhat-gia-vang-sang-31-7-dot-ngot-giam-soc-roi-thang-xuong-day-3369304.html
Comment (0)