SJC gold bar price
As of 5:00 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 150.8-152.8 million VND/tael (buying - selling), going sideways in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 150.8-152.8 million VND/tael (buying - selling), going sideways in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.
Phu Quy Gold, Silver and Gemstone Group listed SJC gold bar prices at the threshold of 150.3-152.8 million VND/tael (buying - selling), going sideways in both directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
9999 gold ring price
As of 5:00 PM, DOJI Group listed the price of gold rings at the threshold of 149-152 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and unchanged on the selling side. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 152-155 million VND/tael (buying - selling), going sideways in both directions. The difference between buying and selling is at 3 million VND/tael.
Phu Quy Gold, Silver and Gemstone Group listed the price of gold rings at the threshold of 149.8-152.8 million VND/tael (buying - selling), going sideways in both directions. The buying - selling difference is at 3 million VND/tael.
The high buying - selling gap increases the risk for individual investors. Individual investors, especially those with a "surfing" mentality, need to consider carefully before spending money.
World gold price
World gold prices listed at 5:00 PM were at the threshold of 4,317.6 USD/ounce, down 9.4 USD compared to the previous day.
Gold price forecast
Entering the beginning of the new year, the world gold market is moving in a clear state of fluctuation. Short-term macroeconomic factors create adjustment pressure, while structural drivers still quietly support gold prices in the medium and long term.
Regarding supply, global gold production in 2024 is estimated to reach about 3,300 tons, but most are concentrated in a very small group of countries. Only 7 leading countries have played a dominant role, making gold supply increasingly "centralized power".
In the context of new mines being difficult to detect, escalating mining costs and increasingly strict environmental regulations, the possibility of increasing supply in the coming years is assessed as limited. On the contrary, gold demand in 2024 has exceeded 4,600 tons, with great momentum from central banks, jewelry and industry, creating a fundamental imbalance for the market.
In the short term, gold prices are under pressure from more positive US economic data than forecast. The labor market continues to show stability, causing expectations of monetary policy easing to be reversed. World gold prices are therefore still struggling around the support zone of 4,300 USD/ounce, with alternating ups and downs and the sustainability of the trend is not really clear.
According to Josh Phair - Managing Director of Scottsdale Mint, the traditional link between interest rates and precious metal prices is gradually weakening. He believes that material scarcity and geopolitical competition are the core driving force today. Stock exchanges continuously raising margins may cause strong corrections in the short term, but physical metal demand is expected to soon absorb sales.
From a more long-term perspective, Robert Gottlieb - former leader of the precious metals division of JPMorgan and HSBC - believes that gold is being "revalued" in the global asset portfolio. Since the USD was used as a geopolitical punishment tool, many central banks have stepped up gold purchases to reduce dependence on the greenback. For this group of buyers, policy factors are more important than price fluctuations.
Summarizing the above factors shows that gold prices may still fluctuate and be under adjustment pressure in the short term. However, long-term fundamentals of supply, accumulation demand and complex geopolitical context are still creating an important foundation for this precious metal.
Gold price data is compared to the previous day.
The world gold market operates through two main valuation mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
Second is the futures contract market, where prices are set for futures delivery. Due to year-end book closing activities, December gold contracts are currently the most actively traded on CME.
See more news related to gold prices HERE...
