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 price 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 77.20-78.40 million VND/tael (buy - sell); an increase of 200,000 VND/tael for both buying and selling compared to the beginning of the previous trading session.
Saigon Jewelry Company listed the price of gold rings at 77.1-78.4 million VND/tael (buy - sell); an increase of 200,000 VND/tael for both buying and selling compared to the beginning of the previous trading session.
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 9:30 a.m., the world gold price listed on Kitco was at 2,512.4 USD/ounce, up 23.3 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell despite the decline in the USD index. Recorded at 9:00 a.m. on August 24, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 100.565 points (down 0.82%).
According to Kitco, gold prices increased sharply after the Chairman of the US Federal Reserve (FED0) - Mr. Jerome Powell - declared "now is the time to adjust monetary policy".
As expected by the market, the Fed Chairman signaled that the central bank was ready to ease interest rates.
In a highly anticipated speech at the Jackson Hole Central Banking Symposium, Mr. Powell said the risks to inflation have diminished and risks to the labor market have increased.
“The time has come for policy to adjust. The direction is clear. The timing and pace of rate cuts will depend on incoming data, the outlook and the balance of risks,” he said in his speech.
Gold markets saw a huge buying wave ahead of Powell’s comments. December gold futures last traded at $2,551.60 an ounce, up more than 1% on the day.
Ricardo Evangelista, senior analyst at ActivTrades, said that Chairman Powell’s speech will be a launching pad for the Fed’s interest rate cutting cycle. According to him, the US Central Bank will likely continue to cut interest rates until 2025 and the price of gold will rise to $3,000/ounce.
According to Ruth Crowell, CEO of LBMA, gold is an important asset in the context of investors continuing to worry about the health of the global economy. Data from crises such as COVID-19 or the banking crisis in the US shows that gold is still a high-quality liquid asset.
Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-248-o-at-tang-co-nen-ban-ra-1384058.ldo
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