Updated SJC gold prices
Price of 9999 pure gold ring
As of 6:30 PM today, the price of 9999 Hung Thinh Vuong gold rings at DOJI is listed at 76.50-77.70 million VND/ounce (buying price - selling price); an increase of 50,000 VND/ounce in the buying price and unchanged in the selling price.
Saigon Jewelry Company listed the price of gold rings at 76.2-77.5 million VND/ounce (buying price - selling price); an increase of 220,000 VND/ounce for the buying price and an increase of 720,000 VND/ounce for the selling price.
Bao Tin Minh Chau listed the price of gold rings at 76.28-77.58 million VND/ounce (buying price - selling price); an increase of 50,000 VND/ounce in both buying and selling prices.
In recent trading sessions, the price of gold rings has often fluctuated in the same direction as the global market. Investors can refer to the global market and expert opinions before making investment decisions.
World gold prices
As of 6:30 PM today, the world gold price listed on Kitco is at $2,464 per ounce, down $6.9 per ounce compared to the close of yesterday's trading session.
Gold price forecast
Global gold prices rose sharply amid a deep decline in the US dollar index. At 6:00 PM on July 18th, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 103.559 points (up 0.12%).
Ryan McIntyre, senior portfolio manager at Sprott Asset Management, believes that falling interest rates and the US election are factors that could push gold prices above $2,500 per ounce.
The expert stated that gold prices typically benefit from economic and geopolitical instability. Lower interest rates increase the attractiveness of gold.
Federal Reserve Governor Christopher Waller and New York Fed President John Williams both noted the short-term outlook toward a more dovish monetary policy. Richmond Fed President Thomas Barkin, in particular, said he was "very encouraging" of a broader reduction in inflation.
According to CME's FedWatch Tool, the market sees a 98% chance of easing at the September meeting.
Citi Bank predicts that in the next 6-12 months, the price of gold could rise to $2,700-$3,000 per ounce and the price of silver to $38 per ounce. The bank also added that investors may want to hedge their stock and currency holdings amid potential global trade tensions, particularly between the US and China, which could boost the price of these precious metals.
In other precious metals markets, spot silver prices rose 0.6% to $30.49 per ounce. Platinum prices increased 0.4% to $998.50 per ounce, while palladium prices rose 0.8% to $959.56 per ounce.
Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-chot-phien-187-co-kha-nang-pha-dinh-moi-1368410.ldo
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