Domestic gold price today 18/9
Early morning 18/9, gold price 9999 of SJC today increased by 50 thousand VND/tael in both buying and selling compared to the end of last week's trading session, reaching 69 million VND/tael (sold).
Gold price 9999 is updated by Saigon Jewelry Company Limited (SJC) at 8:24 and gold price 9999 is listed by Doji Jewelry Group at 8:35 as follows:
| Buy into | Sold out | |
| SJC Hanoi | 68.300.000 VND/tael | 69.020.000 VND/tael |
| SJC HCMC | 68.300.000 VND/tael | 69.000.000 VND/tael |
| SJC Da Nang | 68.300.000 VND/tael | 69.020.000 VND/tael |
| Doji Hanoi | 68.100.000 VND/tael | 69.000.000 VND/tael |
| Doji Ho Chi Minh City | 68.200.000 VND/tael | 68.900.000 VND/tael |
SJC and DOJI gold price list updated early in the morning of June 18
Closing the session last week, the price of 9999 gold bars at SJC HCMC was 68,25 million dong/tael (buy in) and 68,95 million dong/tael (sold out). SJC Hanoi listed at 68,25 million dong/tael (buy in) and 68,97 million dong/tael (sold out).
Doji Hanoi listed at 68,1 million dong/tael (buy in) and 69 million dong/tael (sold out). Doji Ho Chi Minh City bought SJC gold at 68,1 million dong/tael, sold at 68,8 million dong/tael.
International gold price today 18/9
At 9:03 am today (July 18, Vietnam time), world spot gold price stood around the threshold of 1.924,8 USD/ounce, up 0,8 USD/ounce compared to last night. Gold futures for August delivery on Comex New York were at $12 per ounce.
Morning 18/9, world gold converted at the bank's USD price is nearly 56,69 million dong/tael (excluding taxes and fees), about 12,33 million dong/tael lower than the domestic gold price.
On the world market, spot gold price on Kitco ended the weekend trading session at 1.924 USD/ounce.
The direction of gold will be clearer this week after the US Federal Reserve (Fed) decides on monetary policy at its meeting on September 20-21 (US time). Experts predict that it is likely that the Fed will not raise interest rates, but will still maintain the current high level.
According to the CME FedWatchTool, there is a 60% chance that interest rates will not change between now and the end of the year.
Edward Moya, senior market analyst at OANDA, said central banks across countries have a common message that the interest rate hike cycle is about to end. That makes gold more attractive.
Although it seems not yet ready to break out, the dovish actions of world central banks continue to support gold prices.
Colin Cieszynski, chief market strategist at SIA Wealth Management, said that gold will rise but will hardly surpass the level above 1.980 USD/ounce before the Fed meeting.
While caught between inflation and recession, Cieszynski said the long-term outlook for gold is bullish.
Gold price forecast
According to a Wall Street survey by Kitco News, 33% of experts forecast gold prices to increase, 33% predicted a decrease and the remaining 33% predicted a sideways trend.
Meanwhile, 415 people participated in the online poll. As a result, 43% believe that gold prices will increase, 38% predict a decrease, and 19% choose to move sideways.
