SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 184-187 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (February 22), the price of SJC gold bars at Saigon SJC Jewelry Company increased by 6 million VND/tael in both directions.
Meanwhile, DOJI listed SJC gold price at 184-187 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (February 22), the price of SJC gold bars at DOJI increased by 8 million VND/tael in both directions.
If buying SJC gold bars in the February 22 session and selling them in today's session (March 1), buyers at Saigon SJC Jewelry Company make a profit of 3 million VND/tael; while buyers of gold at DOJI make a profit of 5 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at the threshold of 183.8-186.8 million VND/tael (buying - selling), an increase of 8.2 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 183.8-186.8 million VND/tael (buying - selling), an increase of 5.8 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
If buying gold rings on February 22 and selling them on today's session (March 1), buyers at DOJI make a profit of 5.2 million VND/tael, while the profit of gold ring buyers in Phu Quy is 2.8 million VND/tael.
The significant profit difference between business units mainly stems from differences in the timing of price adjustments during the Lunar New Year holiday.
World gold price
Closing the week's trading session, world gold prices were listed at 5,278.2 USD/ounce, up 172.3 USD compared to a week ago.
Gold price forecast
World gold prices closed the week at 5,278.2 USD/ounce, a sharp increase compared to the previous week amid escalating US-Iran tensions, increasing safe-haven demand.
The complex geopolitical developments in the Middle East continue to cast a shadow over the global financial market, prompting cash flow to turn to precious metals as a risk hedging channel.
Kitco News' weekly gold survey shows that optimistic sentiment is re-dominating. Among 18 Wall Street experts participating in the survey, 67% predict that gold prices may exceed the 5,300 USD/ounce mark next week.
In the group of individual investors, the level of expectation is even stronger when 76% believe that prices will continue to rise, marking the fourth consecutive week of widespread support for the upward trend.
Mr. Rich Checkan - Chairman and COO of Asset Strategies International - said that the foundation for gold price increases has been formed over the years as central banks have stepped up large-scale purchases.
According to him, the potentially risky US economic context, the weakening USD and the increasing public debt burden will continue to support the upward trend of precious metals in the medium term.
Agreeing with this view, Mr. James Stanley - Senior Market Strategist at Forex. com - believes that the main trend of gold is still upward. Although admitting that chasing purchases at high prices may contain short-term risks, he emphasized that no signals are strong enough to reverse the current trend. The 5.238 USD/ounce mark is being watched as an important technical resistance zone.
Next week, the market will pay special attention to a series of US economic data such as the ISM manufacturing and service PMI, the ADP employment report, the non-farm payroll, and retail sales. This information is considered a key factor in orienting the Fed's policy expectations, thereby directly impacting gold price movements.
In the context that gold prices still maintain above the 5,200 USD/ounce threshold, short-term prospects are assessed as leaning towards positive. However, actual fluctuations will largely depend on the developments of geopolitical tensions and US economic health in the coming days.
Gold price data is compared to a week earlier.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
See more news related to gold prices HERE...
