News about Jefferies

SJC gold bars were quoted at VND 140.6–143.6 million per tael (buy–sell) early on 18 October, down VND 1.2 million from the previous week, leaving buyers from a week earlier VND 4.2 million in the red per tael. SJC gold rings and bars at Doji and PNJ were adjusted down similarly. From the year's peak of VND 191.3 million on 29 January, domestic prices have fallen VND 47.7 million per tael. Globally, spot gold dropped from USD 5,600/ounce on 29 January to USD 4,164.1 on 17 October; this week it hit a low of USD 4,073.35 after U.S. September CPI rose 3.7%, then rebounded but could not hold above USD 4,200 consistently. Jefferies cut its Q4 2026 average forecast to USD 4,400/ounce (from 4,600) and its 2026 forecast to USD 4,511 (from 4,595), but kept its USD 5,000 target for 2027.