The price of SJC gold bars has been “unchanged” for the past three days at 85.1 million VND/tael. The world gold price is also waiting for news from the Fed.
World gold price slightly decreased tonight - Screenshot
World gold price slightly decreased
At the end of today, December 18, the world gold price was at 2,639.5 USD/ounce, down 8 USD/ounce. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 81.12 million VND/tael.
In recent days, world gold prices have only fluctuated within a narrow range, while last week the range of gold price fluctuations was very wide.
According to experts, gold prices are also "waiting" for information from the US Federal Reserve (Fed) meeting scheduled to take place at 2am tomorrow, December 19.
This is the Fed's last monetary policy meeting of 2024 and will conclude with a statement from the Fed and a press conference from Fed Chairman Jerome Powell.
Previously, there was an analysis that inflation in the US is slowing down, and could accelerate again in 2025 due to the impact of President-elect Donald Trump's policies.
The situation may force the Fed to slow down the pace of interest rate cuts, thereby affecting the prospect of gold's price increase.
In fact, the recent better-than-expected retail sales data suggests that the Fed may only cut interest rates by 0.25% this time. In 2025, the Fed is expected to cut interest rates only 1-2 times, and at most 3 times.
Domestic gold prices edge up again
Domestically, the price of SJC gold bars has been "unchanged" for the past three days at 85.1 million VND/tael (selling), 83.1 million VND/tael (buying), the difference between buying and selling prices is 2 million VND/tael.
Meanwhile, the buying price of 9999 gold rings increased by 400,000 VND/tael, from 82.6 million VND/tael to 83 million VND/tael. On the selling side, the selling price of SJC gold bars increased by 200,000 VND/tael, to 84.5 million VND/tael.
Several other gold trading businesses also simultaneously increased their buying prices for gold rings.
Bao Tin Minh Chau Company Limited listed the selling price of gold rings at 85.03 million VND/tael, and the buying price at 83.73 million VND/tael.
DOJI Company listed the price of gold rings at 83.7 - 84.7 million VND/tael (buy - sell).
At the current price, the price of SJC gold bars is 3.98 million VND/tael higher than the world gold price, while the price of gold rings is 3.38 million VND/tael higher.
Source: https://tuoitre.vn/gia-vang-nin-tho-cho-tin-tu-fed-20241218220232967.htm
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