Sudden shocking increase of 3 million VND/tael

SJC gold bar price

At the end of the week's trading session, DOJI Group listed the price of SJC gold at 78.5-80 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at DOJI increased by 3 million VND/tael for buying and increased by 3.02 million VND/tael for selling.

The difference between buying and selling price of SJC gold at DOJI is at 1.5 million VND/tael.

SJC gold bar price recorded at DOJI Group. Unit: Million VND/tael. Chart: Le Ha

Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 78.5-80 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 3.02 million VND/tael for both buying and selling. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 1.5 million VND/tael.

9999 gold ring price

As of 9:00 a.m., the price of 9999 Hung Thinh Vuong round gold rings at DOJI Gold and Gemstone Group was listed at 76.35-77.55 million VND/tael (buy - sell); down 350,000 VND/tael for both buying and selling.

Saigon Jewelry Company listed the price of gold rings at 76-77.5 million VND/tael (buy - sell); an increase of 520,000 VND/tael for buying and 620,000 VND/tael for selling.

Bao Tin Minh Chau listed the price of gold rings at 76.28-77.58 million VND/tael (buy - sell); down 180,000 VND/tael for both buying and selling.

Normally, the price of gold rings will move in the same direction as the world market. The world gold price is on a strong upward trend, so the price of 9999 smooth round gold rings is likely to continue to increase.

World gold price

As of 9:00 a.m., the world gold price listed on Kitco was at 2,460.3 USD/ounce.

Gold Price Forecast

World gold prices cooled down amid an upward trend in the USD index. Recorded at 9:15 a.m. on July 18, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103,500 points (up 0.06%).

According to Kitco - Gold prices are accelerating and trading near all-time highs. Some analysts say the precious metal has the potential to rise even higher in the coming time.

Chris Weston, head of research at Pepperstone, said the fundamentals of gold have clearly changed.

According to this expert, $2,500/ounce is the next test threshold for the precious metal in the future, followed by a potential target of $2,600/ounce.

Gold prices received a positive signal to rise last week as the market began to increase expectations of a US Federal Reserve (FED) interest rate cut in September. According to the CME FedWatch Tool, the market sees a 98% chance of easing at the September meeting.

“The market has a strong belief that the Fed is about to start its easing cycle from September. As expectations of a Fed rate cut increase, gold has maintained a tight relationship,” Weston said in his note.

Adriana Kugler, a Fed official, predicts that the market will see some volatility in the coming time because the market needs confirmation that this is not just a temporary euphoria.

Demand from Western markets, geopolitical risks and a potential recession could push gold prices to $2,600-$2,700 an ounce in the second half of the year, he added.

Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-187-dot-ngot-tang-soc-3-trieu-dongluong-1368059.ldo