SJC gold bar price
As of 9 AM, the price of SJC gold bars listed by DOJI Group was 79 - 81 million VND/ounce (buying price - selling price).
Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company (SJC) listed the price of SJC gold at 79-81 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) remained unchanged for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong gold rings at DOJI was listed at 77.20-78.40 million VND/ounce (buying price - selling price); an increase of 200,000 VND/ounce in both buying and selling prices compared to the beginning of the previous trading session.
Saigon Jewelry Company listed the price of gold rings at 77.1-78.4 million VND/ounce (buying price - selling price); an increase of 200,000 VND/ounce in both buying and selling prices compared to the beginning of the previous trading session.
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 9:30 AM, the world gold price listed on Kitco was at $2,512.4 per ounce, an increase of $23.3 per ounce compared to the beginning of the previous trading session.
Gold price forecast
Global gold prices fell despite a decline in the US dollar index. At 9:00 AM on August 24th, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 100.565 points (down 0.82%).
According to Kitco, gold prices surged after the Chairman of the US Federal Reserve (FED0 - Jerome Powell - declared that "now is the time to adjust monetary policy".
As expected by the market, the Fed chairman has signaled that the central bank is ready to ease interest rates.
In his highly anticipated speech at the Jackson Hole Central Bank Symposium, Powell stated that the risk of rising inflation had decreased and the risks to the labor market had increased.
"It's time for policy adjustments. The direction is clear. The timing and pace of interest rate cuts will depend on input data, development prospects, and the balance of risks," he said in his speech.
The gold market saw a massive wave of buying ahead of Powell's comments. December gold futures were last trading at $2,551.60 per ounce, up more than 1% on the day.
Ricardo Evangelista, a senior analyst at ActivTrades, believes that Chairman Powell's speech will be the springboard for a cycle of interest rate cuts by the Fed. According to him, the US central bank may continue to cut interest rates until 2025, and the price of gold will rise to $3,000 per ounce.
According to Ruth Crowell, CEO of the LBMA, gold is an important asset amid continued investor concerns about the health of the global economy . Data from crises such as COVID-19 and the US banking crisis shows that gold remains a high-quality, liquid asset.
Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-248-o-at-tang-co-nen-ban-ra-1384058.ldo










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