Update SJC gold price
After a long period of sideways movement, the price of SJC gold bars at DOJI adjusted sharply to increase in the buying direction and remained unchanged in the selling direction.
This has reduced the difference between buying and selling gold bars at this unit to VND980,000/tael. This also helps reduce the risk of loss for investors.
Price of round gold ring 9999
As of 6:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 76.45-77.70 million VND/tael (buy - sell); an increase of 200,000 VND/tael in both directions.
Saigon Jewelry Company listed the price of gold rings at 75.98-76.88 million VND/tael (buy - sell); an increase of 430,000 VND/tael for buying and an increase of 30,000 VND/tael for selling.
Bao Tin Minh Chau listed the price of gold rings at 76.33-77.63 million VND/tael (buy - sell); increased by 150,000 VND/tael for both buying and selling.
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 investment decisions.
World gold price
As of 6:30 p.m. today, the world gold price listed on Kitco was at 2,470.9 USD/ounce, an increase of 32.7 USD/ounce.
Gold Price Forecast
World gold prices increased sharply in the context of a sharp decline in the USD index. Recorded at 6:00 p.m. on July 17, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 103.437 points (down 0.5%).
World gold prices hit a record high as expectations of a US interest rate cut in September increased following recent comments from US Federal Reserve (FED) officials.
Gold prices have hit new highs as investors bet on a potential rate cut, said Tim Waterer, chief market analyst at KCM Trade. He sees $2,500 an ounce as the next immediate target, although if the current rally continues, prices could go further before the end of the year.
Safe-haven buying of gold could pick up again due to US elections and global geopolitical risks, the expert added.
Fed Chairman Jerome Powell recently said that recent inflation data "gives us confidence" that price increases are steadily returning to the Fed's target, suggesting that a rate cut may not be far off. Fed Governor Adriana Kugler also recently expressed cautious optimism that inflation is returning to the Fed's 2% target.
In addition, a factor supporting gold prices is that China, the top gold consumer, is expected to still have strong demand for gold despite a pause in May and June, amid low gold holdings and rising global tensions.
In other precious metals, silver fell 2.1% to $30.73 an ounce, while platinum fell 0.3% to $997.27 an ounce.
Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-chot-phien-177-vang-mieng-sjc-dot-ngot-tang-soc-1367843.ldo
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