SJC gold bar price
As of 5:30 PM, SJC gold bar prices were listed by DOJI at 144-147 million VND/tael (buying - selling), an increase of 1.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 144-147 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. 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 144-147 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 5:30 PM, DOJI listed gold ring prices at 144-147 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 144-147 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 144-147 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. 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 on June 12 (US time), world gold prices were listed around the threshold of 4,218.3 USD/ounce, up 5.7 USD compared to the previous day.
Gold price forecast
Kitco News' latest weekly gold survey shows that Wall Street experts are quite cautious about the short-term gold price outlook. Among the 17 experts surveyed, only 4, equivalent to 24%, predict gold prices will increase next week.
There are 2 experts, equivalent to 12%, who believe the price will decrease. Notably, up to 11 experts, equivalent to 65%, chose to stand by and observe, waiting for further signals from the monetary policy meeting of the US Federal Reserve (Fed).
Individual investor sentiment is also less positive after gold prices at one point retreated close to the 4,000 USD/ounce mark. In a Kitco online survey, 49% of investors predicted gold prices would continue to fall, while 39% expected prices to rise again. The rest believed that prices could move sideways or fluctuate in both directions.
The biggest pressure on gold currently still comes from inflation and interest rate expectations. US CPI and PPI data increased more strongly than forecast, causing the market to worry that the Fed may maintain a tough stance. High interest rates increase the opportunity cost of holding gold, thereby limiting the attractiveness of this non-profit asset.
Mr. Ole Hansen - Head of Commodity Strategy at Saxo Bank said that before the market can return to focusing on long-term supporting factors, investors need to see clearer signals that inflationary pressure is being controlled. According to him, in the short term, gold prices are still easily affected by trading sentiment and information related to monetary policy.
From a technical perspective, Mr. Carsten Menke - Head of New Generation Research at Julius Baer believes that recent selling pressure mainly stems from the reversal of technical trends. Julius Baer is currently lowering its gold price forecast for the next 3-12 months to the 4,250-4,500 USD/ounce range.
However, long-term demand for gold has not completely disappeared. China continued to increase gold reserve purchases in May, despite the ETF gold capital flow in this country reversing to net withdrawal and weakening wholesale demand.
According to Mr. Ray Jia - Head of China Market Research at the World Gold Council, the People's Bank of China had its 19th consecutive month of increased gold reserves, raising its official gold holdings to 2,332 tons.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
