SJC gold bar price
9999 gold ring price
As of 6:00 a.m., the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 77.1-78.3 million VND/tael (buy - sell); down 50,000 VND/tael for both buying and selling compared to the close of the previous trading session.
Saigon Jewelry Company listed the price of gold rings at 77 - 78.3 million VND/tael (buy - sell); down 100,000 VND/tael for both buying and selling compared to 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 0:30 on August 24, the world gold price listed on Kitco was at 2,511.9 USD/ounce, a sharp increase of 29.1 USD/ounce compared to early this morning.
Gold Price Forecast
World gold prices fell sharply amid a sharp increase in the USD index. Recorded at 0:30 on August 24, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 100.6 points (down 0.79%).
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 is 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.
Previously, Han Tan - a market analyst at Exinity Group - commented that if the FED Chairman expressed more confidence in cutting interest rates in September, such dovish signals would push gold prices to surge.
Meanwhile, 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.
Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-sang-248-tang-dung-dung-o-at-mua-gom-1384010.ldo
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