In the domestic market, this morning, gold prices of all brands increased in line with world prices. SJC gold bars increased to trade at 121.5 million VND/tael.
Specifically, at 9:00 a.m. on July 30, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 120-121.5 million VND/tael, an increase of 300,000 VND compared to yesterday's closing price. The difference between buying and selling is 1.5 million VND/tael.
SJC 9999 gold ring price is 114.7 million VND/tael for buying and 117.2 million VND/tael for selling, up 300,000 VND compared to the previous session.
DOJI gold bar price in Hanoi and Ho Chi Minh City is trading at 120 million VND/tael for buying and 121.5 million VND/tael for selling, an increase of 300,000 VND compared to the previous session.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 116.1-118.6 million VND/tael. The buying and selling difference is 2.5 million VND/tael.
PNJ Gold is currently buying at 115.4 million VND/tael and selling at 118.4 million VND/tael, up 400,000 VND and 500,000 VND respectively compared to the previous session.
As of 9:00 a.m. July 30 (Vietnam time), gold price World prices increased by 15.1 USD compared to the previous session's close to 3,328.9 USD/ounce.
World gold prices increased this morning amid rising oil prices and falling US bond yields.
Gold corrections are buying opportunities, said Aakash Doshi, head of gold strategy at State Street Investment Management. He pointed out that despite record highs in equities, high bond yields and the dollar attracting attention, gold is holding strong support above $3,300 an ounce.
Aakash Doshi expects gold prices to consolidate next month and start to gain traction after the Federal Reserve’s annual meeting in Jackson Hole, Wyoming. He said the meeting will lay the groundwork for interest rate cuts starting in September and continuing through the end of the year, creating momentum for gold prices.
Gold and silver prices may stall this summer, but Florian Grummes says a bigger breakout is coming and patient investors will be rewarded.
Gold is trading sideways to consolidate and absorb the recent short-term rally to $3,500.
Currently, Grummes sees support for the precious metal at $3,285 and resistance at $3,450, with a long-term upside target of $4,000. “Over the remainder of the year, I think we could definitely see gold prices rise to $4,000 or higher,” Grummes said.
This morning, the USD-Index increased slightly to 98.78 points; the yield on 10-year US Treasury bonds was at 4.393%; US stocks fell after consecutive days of peaking; oil prices continued to increase sharply after President Trump announced that he would impose new tariffs on Russia if they moved slightly, trading at 71.74 USD/barrel for Brent oil and 69.21 USD/barrel for WTI oil.
Source: https://baoquangninh.vn/gia-vang-ngay-30-7-vang-mieng-vang-nhan-sjc-tang-sau-4-phien-di-ngang-3369193.html
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