Gold price on September 23, 2024: SJC gold remains stable, while world gold price is expected to continue to increase next week.
On the morning of September 23, the price of gold bars and gold rings remained stable. Currently, SJC gold bars are being sold by Agribank , BIDV, Vietcombank, VietinBank and gold and gemstone companies at VND82 million/tael. On the buying side, the price of gold of various brands is listed at VND80 million/tael.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 81.2-82.0 million VND/tael (buy - sell). An increase of 200,000 VND/tael in the buying direction.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 80-82 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 80.01-82.0 million VND/tael (buy in - sell out).
For ring gold, the price of SJC 9999 gold is fixed at 78.9 million VND/tael for buying and 80.2 million VND/tael for selling. DOJI in Hanoi and Ho Chi Minh City markets kept the same buying and selling prices as yesterday morning at 79.4 million VND/tael for buying and 80.55 million VND/tael for selling. The buying and selling prices of PNJ brand ring gold are fixed at 79.5 million VND/tael and 80.55 million VND/tael.
Bao Tin Minh Chau listed the price of plain round gold rings at 79.39 million VND/tael for buying and 80.54 million VND/tael for selling. Phu Quy SJC is buying gold rings at 79.45 million VND/tael and selling at 80.55 million VND/tael, unchanged from early this morning.
World gold is forecast to continue to increase
According to Kitco, the world gold price recorded at 5am today, Vietnam time, was at 2,621.13 USD/ounce. The gold price was the same as the USD compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 76.746 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 3.254 million VND/tael higher than the international gold price.
Gold price movement chart for the last 24 hours provided by TradingView
World gold prices tend to decrease with spot gold down 3.2 USD compared to the closing price of last week to 2,619.2 USD/ounce.
This week, markets will be looking ahead to Tuesday’s U.S. consumer confidence index, new home sales, third-quarter growth data, weekly jobless claims and pending home sales. However, the data most likely to influence gold’s direction is the August core personal consumption expenditures (PCE) index, the Fed’s preferred inflation gauge.
The latest Kitco News weekly gold survey shows that retail investors are bullish on gold’s potential upside, while industry experts are evenly split between bullish and bearish views in the short term.
In the world market, gold is forecast to continue to increase in the context of much information supporting this precious metal. Illustrative photo
Marc Chandler, CEO of Bannockburn Global Forex, predicts that gold prices will trend sideways this week. Gold prices have reached the target of $ 2,600 / ounce after the Fed cut interest rates. The gold market will be less active as investors take profits.
Historically, interest rate cutting cycles have driven higher investor demand for gold, said Robert Minter, chief investment strategist at investment firm Abrdn.
Investors will continue to keep a close eye on economic data. The Fed released a monetary policy roadmap through mid-2026, with analysts noting the actual direction will be determined by the health of the economy.
According to Consumption
Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-23-9-2024-duoc-du-bao-tang-gia-trong-tuan-moi/20240923083422108
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