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While the world gold price decreased slightly, the domestic SJC gold bar price on the morning of July 8 continued to maintain the selling price of 76.98 million VND/tael compared to the closing price yesterday.
Specifically, at 8:50 a.m., DOJI Gold and Gemstone Group listed the price of SJC gold at 74.98 - 76.98 million VND/tael (buy - sell), unchanged from the closing price last weekend.
Similarly, Saigon Jewelry Company (SJC) also listed the price of SJC gold at 74.98 - 76.98 million VND/tael (buy - sell), stable compared to the closing price last weekend.
This morning, gold rings tend to decrease, but are approaching the price of gold bars. Currently, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 75.3 - 76.6 million VND/tael (buy - sell), down 320,000 VND/tael for buying and down 380,000 VND for selling compared to the closing price yesterday.
Bao Tin Minh Chau listed the price of gold rings at 75.38 - 76.68 million VND/tael (buy - sell), keeping the listed price for both buying and selling unchanged compared to yesterday's closing price.
In the context of rising world gold prices, ring gold prices may continue to increase in the coming time.
Previously, the world gold market continued to witness a continuous increase in price for 2 consecutive weeks. At the COMEX exchange in the US, the spot gold price is currently up 1.1%, reaching 2,380.91 USD/ounce.
For the week, gold prices rose more than 2% and gold futures rose 0.8% to $2,389.10 an ounce. This was the highest level in the past month, after many investors commented that the US labor market was weakening - a factor that increased the possibility that the US Federal Reserve (Fed) would cut interest rates in September, and that information also created momentum for gold prices to increase.
Predicting the world gold price next week, Mr. Ricardo Evangelista, technical analyst at ActivTrades, said that in the first half of 2024, the economic recovery has caused the Fed to maintain high interest rates for a long time.
So when there are signs of economic growth cooling, the US dollar depreciates, as well as Treasury bond yields fall lower. "It would not be surprising if the world gold price could surpass the threshold and reach $ 2,400 / ounce next week," Mr. Ricardo commented.
