Gold prices rise despite

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, the price of gold at DOJI remained unchanged 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.

Gold price update this morning. Source: Rong Viet Online Services Joint Stock Company (VDOS).

Gold price movements in SJC. Source: Rong Viet Online Services Joint Stock Company (VDOS).

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 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 77.45-78.55 million VND/ounce (buying price - selling price); an increase of 150,000 VND/ounce in the buying price and an increase of 50,000 VND/ounce in the selling price.

Saigon Jewelry Company listed the price of gold rings at 77.3-78.65 million VND/ounce (buying price - selling price); an increase of 100,000 VND/ounce for the buying price and an increase of 150,000 VND/ounce for the selling price.

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 9:45 AM, the world gold price listed on Kitco was at $2,507.14.5 per ounce, down $7.5 per ounce compared to the beginning of the previous trading session.

Gold price forecast

Global gold prices edged lower amid a recovery in the US dollar index. At 9:45 AM on August 27th, the US Dollar Index, which measures the dollar's fluctuations against six major currencies, stood at 100.792 points (up 0.05%).

According to some market analysts, gold is currently primarily focused on the upcoming interest rate cut by the US Federal Reserve (FED) next month following comments by Chairman Jerome Powell last Friday.

Alex Ebkarian, CEO of Allegiance Gold (USA), said that expectations of interest rate cuts would push gold prices up to $2,600 per ounce.

In a similar view, Phillip Streible, Head of Market Strategy at Blue Line Futures, said that gold prices could rise to a new high of $2,600 per ounce before the market sees selling pressure from profit-taking.

In its latest report on precious metals, Heraeus notes that gold prices are rising along with expectations of interest rate cuts.

“Last week, gold held above $2,500 per ounce and reached a new record high of $2,531 per ounce mid-week. Investor sentiment and speculation about interest rates appear to be the main drivers for gold at the moment.”

According to Kitco, gold still has plenty of room to rise in price as bullish bets from hedge funds reach their highest level in four years.

In a recent interview, Eric Stand stated that the gold market has yet to reach its full potential.

Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-278-vang-nhan-tang-bat-chap-1385246.ldo