SJC gold bar price

9999 gold ring price

As of 6:00 a.m., the price of 9999 Hung Thinh Vuong round smooth gold rings at DOJI was listed at 76.05-77.25 million VND/tael (buy - sell), unchanged from early this morning.

Saigon Jewelry Company listed the price of gold rings at 75.95-77.3 million VND/tael (buy - sell), an increase of 50,000 VND/tael for buying and unchanged for selling.

Bao Tin Minh Chau listed the price of gold rings at 76.03-77.23 million VND/tael (buy - sell), down 50,000 VND/tael for both buying and 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 6:00 a.m. on August 9, the world gold price listed on Kitco was at 2,425 USD/ounce, an increase of 41.3 USD/ounce compared to early yesterday morning.

Gold Price Forecast

World gold prices increased in the context of the flat USD index. Recorded at 6:00 a.m. on August 9, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 103,010 points (up 0.01%).

Allegiance Gold CEO Alex Ebkarian said the precious metal is increasingly volatile and its next move will depend on the impact of interest rate cuts. If the US Federal Reserve (FED)

Sharing the same view, Mr. Kyle Rodda - financial market analyst at Capital, commented that gold is still being actively supported by expectations that the FED will cut interest rates in September.

announced and cut interest rates by 50 basis points, the metal market will recover further. However, the future outlook for gold remains strong.

Brokerages including JP Morgan, Citigroup and Wells Fargo have forecast the Fed will cut interest rates by 50 basis points in September following last week's US jobs data.

Markets are pricing in a 72% chance of a 50 basis point rate cut in September, up from 70% on Monday, according to the CME FedWatch tool. Markets are also pricing in another cut in December.

Meanwhile, Mr. Yeap Jun Rong - market strategist at IG, the precious metal is further supported by ongoing geopolitical tensions in the Middle East and lingering concerns about a global economic recession.