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.
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, the 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 77.50 - 78.60 million VND/tael (buy - sell); down 50,000 VND/tael for both buying and selling.
Saigon Jewelry Company listed the price of gold rings at 77.3-78.6 million VND/tael (buy - sell); down 100,000 VND/tael for buying and down 50,000 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 investment decisions.
World gold price
As of 9:00 a.m., the world gold price listed on Kitco was at 2,503.4 USD/ounce, down 11.5 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices remained unchanged in the context of the USD index not changing much. Recorded at 9:30 a.m. on August 31, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 101.62 points (up 0.35%).
A rebound in the US dollar and rising Treasury yields weighed on the precious metal in the final trading session of the week. Spot gold lost 0.7% and ended the week about $10 lower than last week.
Alex Ebkarian, CEO of Allegiance Gold, said the latest PCE data confirms that inflation is no longer the Fed's primary concern. What the central bank is waiting for is the health of the labor market with the non-farm payrolls report due next week.
Gold prices have fallen, but only in the short term, experts say. Gold is considered a safe haven and tends to perform well during times of economic uncertainty when investors shun riskier assets like stocks.
The long-term outlook for gold remains positive as interest rates fall and global economic and political developments remain complex. Gold prices may remain above the $2,500/ounce mark in the near future. Some forecasts suggest that gold prices may reach $3,000/ounce.
According to Peter Fung, trading director at Wing Fung Precious Metals, the overall trend for gold remains bullish due to lower interest rates and geopolitical tensions. He forecasts that prices could surpass $2,650 an ounce by year-end, and in the medium to long term, prices are expected to rise above $2,800 an ounce and even $3,000 an ounce.
Traders slightly increased their bets that the Fed will cut interest rates by 25 basis points next month to 69%, while the probability of a 50 basis point rate cut fell to 31% after the inflation report, according to CME's FedWatch tool.
Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-318-dot-ngot-sut-giam-co-nen-ban-ra-1387391.ldo
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