SJC gold bar price
As of 9:00 AM, the price of SJC gold bars listed by DOJI Group was 79.8-81.8 million VND/ounce (buying price - selling price).
Compared to the beginning of the previous trading session, the price of gold at DOJI decreased by 200,000 VND/ounce for both buying and selling.
The difference between the buying and selling price of SJC gold at DOJI Group is around 2 million VND/ounce.
Meanwhile, Saigon Jewelry Company (SJC) listed the price of SJC gold at 79.8-81.8 million VND/ounce (buying price - selling price).
Compared to the beginning of the previous trading session, the price of gold at Saigon Jewelry Company (SJC) decreased by 200,000 VND/ounce for both buying and selling prices.
The difference between the buying and selling price of SJC gold at Saigon Jewelry Company (SJC) is around 2 million VND per tael.
Price of 9999 gold rings
This morning, the price of 9999 Hung Thinh Vuong gold rings at DOJI was listed at 78-79.1 million VND/ounce (buying price - selling price); the buying price remained unchanged and the selling price decreased by 100,000 VND/ounce.
Saigon Jewelry Company listed the price of gold rings at 77.8-79.1 million VND/ounce (buying price - selling price); a decrease of 100,000 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 8:45 AM, the world gold price listed on Kitco was at $2,552.8 per ounce, down $20.6 per ounce compared to the beginning of the previous trading session.
Gold price forecast
Global gold prices fell sharply amid a rise in the US dollar index. At 8:45 AM on September 19th, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 101.112 points (up 0.5%).
The sharp drop in gold prices has left many puzzled, especially given the US Federal Reserve's decision to aggressively cut interest rates.
According to Kitco, the statement from the Federal Reserve's Open Market Committee (FOMC) meeting, which has just been released, shows that the US central bank has lowered its key interest rate – the FED funds rate – to a range of 4.75% to 5.0%.
The FOMC statement indicated that the US economy has made progress in lowering inflation but it remains high. Markets are now eagerly awaiting the press conference and comments from Fed Chairman Jerome Powell.
The Bank of England and the Bank of Japan will hold their regular monetary policy meetings today (September 19).
Robert Minter, investment strategist at Abrdn, believes that during a period of interest rate easing, it's only a matter of time before gold prices surpass $3,000 per ounce. Minter explains that interest rate cuts have historically fueled higher demand for gold from investors and exchange-traded fund (ETF) buyers.
However, this time the demand from central banks, as well as the demand for physical gold from China and India, the world's two largest retail gold markets, is very high.
In a recent commentary, ANZ analysts predicted that gold prices would rise to $2,900 per ounce by the end of next year as investment demand, which was weak in the first half of 2024, rebounds.
Experts at this bank also emphasized that the high prices would not deter central banks from buying.
Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-199-giam-manh-mot-cach-kho-hieu-1395842.ldo
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