SJC gold bar price
As of 6:45 PM, SJC gold bar prices were listed by DOJI at 142.9-145.9 million VND/tael (buying - selling), an increase of 9.5 million VND/tael on the buying side and an increase of 7.5 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 142.4-145.4 million VND/tael (buying - selling), an increase of 8.7 million VND/tael on the buying side and an increase of 6.7 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 142.4-145.4 million VND/tael (buying - selling), an increase of 9 million VND/tael on the buying side and an increase of 7 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:45 PM, DOJI listed gold ring prices at 143-146 million VND/tael (buying - selling), an increase of 9.6 million VND/tael on the buying side and an increase of 7.6 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 142.4-145.4 million VND/tael (buying - selling), an increase of 8.7 million VND/tael on the buying side and an increase of 6.7 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 142.4-145.4 million VND/tael (buying - selling), an increase of 9 million VND/tael on the buying side and an increase of 7 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
The buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 7:18 PM, world gold prices were listed around the threshold of 4-212.6 USD/ounce, up 121.6 USD compared to the previous day.
Gold price forecast
World gold prices are showing strong fluctuations after a prolonged decline. Despite recovering in the recent session, the precious metal is still under great pressure as the market continues to monitor interest rate prospects, inflation and the developments of negotiations between the US and Iran.
According to analysts, gold is currently dominated by two opposing pulling forces. On the one hand, geopolitical tensions in the Middle East are still factors that can support safe-haven demand. On the other hand, expectations of central banks maintaining tight monetary policy are reducing the attractiveness of gold - an uninterested asset.
Expert Peter Fertig - an analyst at Quantitative Commodity Research - said that the developments of gold in the coming time will depend heavily on the rate of inflation increase. If inflation continues to increase sharply in the coming months, pressure on gold prices may be greater, even the 4,000 USD/ounce mark is at risk of being broken down downwards.
Pressure on gold increased after US economic data showed that manufacturing inflation increased higher than expected in May, while the consumer price index also exceeded the 4% threshold for the first time in 3 years. This makes the market worried that the US Federal Reserve (Fed) will maintain a tougher stance, thereby keeping real yields at a high level.
From a technical perspective, the sharp decline in previous sessions has made investor sentiment cautious. The fact that gold prices at one point fell below the 200-day moving average is considered a negative signal for trend traders.
Although the strong reversal session helped gold prices somewhat regain balance, analysts believe that more confirmation signals are needed before confirming that the recovery trend has been sustainable.
ANZ Bank has also lowered its year-end gold price forecast by another 400 USD, down to 5,200 USD/ounce, to reflect the recent strong fluctuations in the market. In the short term, gold may continue to fluctuate strongly following statements related to US-Iran negotiations, oil prices and the Fed's monetary policy expectations.
For investors, experts recommend limiting chasing purchases during hot uptrends, because a large fluctuation range can increase short-term risks.
Gold price data is compared to the previous day.
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