Domestic gold price today September 19, 3
Closing the session on September 18, the price of 3 gold bars at SJC Ho Chi Minh City was 9999 million VND/tael (buy) and 79,4 million VND/tael (sell). SJC Hanoi listed at 81,4 million VND/tael (buy) and 79,4 million VND/tael (sell).
DOJI Hanoi listed at 79,3 million VND/tael (buy) and 81,3 million VND/tael (sell). DOJI Ho Chi Minh City bought SJC gold at 79,3 million VND/tael, sold it at 81,3 million VND/tael.
International gold price today September 19, 3
Gold price on Kitco at 21:00 p.m. (March 18, Vietnam time) was at 3 USD/ounce, up 2.157,3% compared to the beginning of the session. Gold futures price delivered in April 0,09 on the Comex New York floor traded at 4 USD/ounce, an increase of 2024 USD.
Opening the trading session on March 18 (US time), world gold prices increased due to expectations that the upcoming Federal Open Market Committee (FOMC) monetary policy meeting will have important changes. about the timing of interest rate cuts.
In the opinion of Chairman Adrian Day Asset Management, gold still proves resilient 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 analyzed that the next direction of gold will depend on what Fed Chairman Mr. Powell says at the upcoming policy meeting.
Currency strategist Adam Button of Forexlive.com said that the market is waiting for information from the Fed here. If the signal is positive, the expected number of interest rate cuts could be reduced from 3 to 2 times.
Gold price forecast
Commodity strategist Ole Hansen of Saxo Bank forecasts that inflation is "hotter" than expected, making the possibility of the Fed delaying the policy pivot longer.
Bannockburn Global Forex CEO Marc Chandler said that if gold cannot hold the level of 2.150 USD/ounce, the price may fall to 2.130 USD/ounce, or even 2.110 USD/ounce.
James Stanley, senior market strategist at Forex.com, noted that after all the recent gains, gold will have a few sessions of decline and a slight recovery at the end of the week.
