Big profit after 1 week of buying

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 closing price of last week's trading session, gold price at DOJI increased by 3.52 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: Hai Danh — SJC gold bar price recorded at DOJI Group in recent trading sessions. Unit: Million VND/tael. Chart: Hai Danh

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 78-80 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the gold price at Saigon Jewelry Company SJC increased by VND2.52 million/tael for buying and increased by VND3.02 million/tael for selling.

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.

Last week, SJC gold price increased sharply, helping investors make profit despite the high difference between buying and selling prices.

If buying gold at DOJI Group in the session of July 14 at the price of 76.98 million VND/tael and selling it in today's session (July 21), investors will make a profit of 1.52 million VND/tael. Meanwhile, those who bought gold at Saigon Jewelry Company SJC lost 1.02 million VND/tael.

Currently, the difference between buying and selling gold prices is listed at around 1.5-2 million VND/tael. Experts say that this difference is so high that investors face the risk of losing money when investing in the short term.

9999 gold ring price

This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 75.90-77.15 million VND/tael (buy - sell).

Saigon Jewelry Company listed the price of gold rings at 75.7-77.1 million VND/tael (buy - sell).

Bao Tin Minh Chau listed the price of gold rings at 75.93-77.23 million VND/tael (buy - sell).

In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making an investment decision.

World gold price

At the close of the weekly trading session, the world gold price listed on Kitco was at 2,400.8 USD/ounce, down 9.8 USD/ounce compared to the close of the previous week's trading session.

Gold price forecast

World gold prices plummeted amid the rise in the USD index. Recorded at 7:00 a.m. on July 21, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.065 points (up 0.17%).

The latest Kitco News weekly gold survey shows that industry experts are returning to a neutral stance on gold prices next week.

Adrian Day, president of Adrian Day Asset Management, is among those predicting gold to remain flat next week: “Gold may need to consolidate before rising again. However, further hints that the US Federal Reserve (FED) is starting a rate-cutting cycle could send gold higher at any time.”

On the contrary, Marc Chandler - general director at Bannockburn Global Forex believes that the USD and bond yields will strengthen, curbing the potential increase of gold.

“Gold is correcting lower after hitting a record high near $2,484 an ounce. I expect the dollar and US interest rates to move higher, which could lead to a decline in gold prices. A break below $2,388 could see gold fall to $2,350-$2,365 an ounce.”

Colin Cieszynski, chief market strategist at SIA Wealth Management, assesses the factors driving market sentiment amid the downturn on Friday.

“The price of gold has increased quite strongly in the past few weeks, from 2,300 USD to 2,480 USD/ounce. That is an increase of 180 USD/ounce. Therefore, the fact that the price of gold has decreased by less than half is not unusual,” said this expert.

Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-217-lai-dam-sau-1-tuan-mua-vao-1369284.ldo