Gold rings increase regardless

SJC gold bar price

As of 9:00 a.m., the price of SJC gold bars was listed by DOJI Group at 79 - 81 million VND/tael (buy - sell).

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.

Update gold price early this morning. Source: Rong Viet Online Service Joint Stock Company VDOS

SJC gold price developments. Source: Rong Viet Online Services JSC VDOS

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 79 - 81 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.

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 round gold ring at DOJI was listed at 77.45-78.55 million VND/tael (buy - sell); an increase of 150,000 VND/tael for buying and an increase of 50,000 VND/tael for selling.

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

World gold price

As of 9:45 a.m., the world gold price listed on Kitco was at 2,507 USD 14.5/ounce, down 7.5 USD/ounce compared to the beginning of the previous trading session.

Gold price forecast

World gold prices fell slightly amid the recovery of the USD index. Recorded at 9:45 a.m. on August 27, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100.792 points (up 0.05%).

Gold is now largely focused on the upcoming interest rate cut by the US Federal Reserve (FED) next month following comments by Chairman Jerome Powell last Friday, according to some market analysts.

Mr. Alex Ebkarian - CEO of Allegiance Gold Company (USA) - said that expectations of interest rate cuts will push gold prices to 2,600 USD/ounce.

Sharing the same view, Phillip Streible - Chief Market Strategist at Blue Line Futures - said that gold prices could rise to a new level of 2,600 USD/ounce before the market witnesses profit-taking selling pressure.

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

“Gold held above $2,500 an ounce last week and hit a new record high of $2,531 an ounce mid-week. Investor sentiment and interest rate speculation appear to be the main drivers for gold at present.”

Gold still has plenty of room to rise as hedge funds' bullish bets hit a four-year high, according to Kitco.

In a recent interview, Eric Stand said 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