Gold prices remain high, the world is breaking through.

Gold price update, morning of September 16th: Ring gold remains high, global prices surge. — Illustration photo: Phan Anh

SJC gold bar price

Price of 9999 gold rings

As of 6:00 AM, the price of 9999 Hung Thinh Vuong gold rings at DOJI was listed at 77.9-79.1 million VND/ounce (buying price - selling price); unchanged.

Bao Tin Minh Chau lists the price of gold rings at 77.88-79.08 million VND/ounce (buying price - selling price), unchanged.

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 6:00 AM on September 16th, the world gold price listed on Kitco remained unchanged at $2,577.7 USD/ounce.

Gold price forecast

Global gold prices remained high amidst a decline in the US dollar index. At 6:00 AM on September 16th, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 101.120 points (down 0.23%).

Last week, gold broke the record set at the end of August and continuously conquered new milestones as expectations of a strong move from the US Federal Reserve (FED) grew higher.

Experts believe that this precious metal has come a long and arduous way, and the upcoming monetary policy decision will mark the beginning of a new journey.

Kitco News' latest weekly gold survey shows that both industry experts and retail investors are optimistic about gold's upside potential, but remain more skeptical and cautious than in recent weeks.

This week, 13 analysts participated in Kitco News' gold survey. The majority of experts remain positive about gold prices. Eight experts expect gold prices to rise next week, while three others believe gold will trade lower this week. The remaining two experts predict the price of the precious metal will remain stable.

Meanwhile, 189 votes were cast in Kitco's online poll. 107 traders expect gold prices to rise this week, while 47 expect the precious metal to fall. The remaining 35 respondents predicted gold prices would remain flat this week.

Alex Ebkarian, CEO of Allegiance Gold, said that economic data is creating conditions for the Fed to lower interest rates, making gold more attractive to investors.

In addition, the demand for "safe haven" gold has recently increased amidst ongoing geopolitical conflicts in many parts of the world. Central banks around the world have begun buying gold, which is one of the factors influencing gold prices.

Heng Koon How, Head of Market Strategy at UOB Bank, believes that the price of gold could rise to $2,700 per ounce by mid-2025 and potentially reach $3,000 per ounce in the long term thereafter.

Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-sang-169-vang-nhan-neo-cao-the-gioi-but-pha-1394355.ldo