Updated gold price at the end of session 11.5: Heavy losses when surfing

SJC gold bar price

At the end of the trading session of the week, DOJI Group listed the price of SJC gold at 120-122 million VND/tael (buy - sell). The difference between the buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.

Compared to the closing price of the previous trading session (May 4, 2025), the price of SJC gold bars at DOJI increased by 700,000 VND/tael for both buying and selling.

Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 120-122 million VND/tael (buy in - sell out). The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

Compared to the closing price of the previous trading session (May 4, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC increased by 700,000 VND/tael for both buying and selling.

If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC in the session of 4.5 and selling it in today's session (11.), gold buyers at DOJI Group and Saigon Jewelry Company SJC will both lose 1.3 million VND/tael.

9999 gold ring price

At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 114.5-117 million VND/tael (buy - sell); increased by 500,000 VND/tael in both directions compared to the closing price of the previous trading session. The difference between buying and selling is at 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 117-120 million VND/tael (buy - sell); increased by 400,000 VND/tael for buying and increased by 300,000 VND/tael for selling compared to the closing price of the previous trading session. The difference between buying and selling is at 3 million VND/tael.

If buying gold rings in the session of 4.5 and selling in today's session (May 11), buyers at DOJI will lose 2 million VND/tael and Bao Tin Minh Chau will lose 2.7 million VND/tael.

World gold price

At the end of the trading session of the week, the world gold price listed on Kitco was at 3,323.3 USD/ounce, up 83.7 USD/ounce compared to the closing price of the previous trading session.

Gold price forecast

World gold prices ended the week with a3% increase, remaining above 3,300 USD/ounce despite not being able to return to the historical peak of 3,500 USD/ounce. However, the precious metal's rally has shown signs of slowing as the market lacks new momentum.

According to Kitco News' weekly survey, the market is recording a clear differentiation between experts. Of the 15 Wall Street analysts, 5 (33%) predict prices will increase, 5 people think it will decrease and the remaining 5 predict prices will remain flat next week. Meanwhile, an online survey of 267 retail investors showed that 54% believe gold prices will continue to rise, only 29% expect a decrease and 17% think it will go sideways.

James Stanley - senior strategist at Forex.com - commented that buying power has remained good around 3,200-3,300 USD/ounce in the past two weeks. However, the resistance level of 3,500 USD/ounce is creating great pressure in the short term. I dont think buyers are out of hope, but I dont expect a new breakout, he said.

Michael Brown - an expert at Pepperstone - warned that if US-China trade negotiations make clear progress, gold could be under strong downward pressure to the $3,000/ounce zone. However, he believes that this is still an attractive buying opportunity in the context of global instability, especially when many emerging economies are stepping up gold accumulation in foreign exchange reserves.

Colin Cieszynski - market strategist at SIA Wealth Management - also emphasized that the uptrend is still being consolidated by the weakening of the USD. Nevertheless, the US-UK trade deal or the Feds recent decisions have created much volatility. It will take a really strong factor to reverse the current trend, he said.