SJC gold bar price
As of 6:00 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 179.6-182.6 million VND/tael (buying - selling), down 2.2 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 179.6-182.6 million VND/tael (buying - selling), down 2.2 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 179.6-182.6 million VND/tael (buying - selling), down 2.2 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 6:00 PM, DOJI Group listed gold ring prices at the threshold of 179.6-182.6 million VND/tael (buying - selling), down 2.2 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.
Bao Tin Minh Chau listed the price of gold rings at 180-183 million VND/tael (buying - selling), down 1.8 million VND/tael in both buying and selling directions. 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 179.5-182.5 million VND/tael (buying - selling), down 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Currently, 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 6:45 PM, world gold prices were listed around the threshold of 5,017.7 USD/ounce, down 76 USD.
Gold price forecast
In the past week, gold prices fluctuated strongly in a wide range, from about 5,000 USD to nearly 5,240 USD/ounce. The precious metal increased quite well in the first sessions of the week, but increased selling pressure towards the end of the week pulled prices back down. By the end of the session, gold prices were only slightly higher than the important support zone of 5,000 USD/ounce.
According to Kitco News' weekly gold survey, Wall Street experts are having quite differentiated views on the trend of precious metals in the coming time.
Among the 15 analysts participating in the survey, 40% predict that gold prices may continue to increase next week, while a similar proportion believe that prices may decrease. About 20% of the remaining experts believe that the market is in a balanced state, with alternating risks of increase and decrease.
Contrary to the cautiousness of analysts, individual investors still maintain a fairly optimistic sentiment. Kitco's online survey results show that 63% of investors predict gold prices will increase next week, while only about 12% believe that prices may decrease.
The precious metals market is also being affected by newly released US economic data. A report by the US Department of Labor shows that the number of unfilled jobs in January increased to 6.95 million, higher than analysts' forecasts. According to experts, the labor market remains relatively stable, which may make the US Federal Reserve (FED) more cautious in reducing interest rates. Expectations for high interest rates have created certain pressure on gold - a non-interest asset.
From a longer-term perspective, some experts still believe that the upward trend of precious metals is not over. Ms. Nawojka Wachowiak - senior portfolio manager at Ninepoint Partners - said that the current gold upward cycle has different characteristics from previous periods, when the initial momentum came from central banks increasing physical gold purchases.
The price increase started from central banks buying physical gold. Stock investors and many large capital flows have not really strongly participated in this early stage," Ms. Wachowiak said.
According to this expert, the slowness of investment capital flows may create room for the gold market to continue to increase in the coming time, especially in the context of economic and geopolitical instability still existing.
Gold price data is compared to the previous day.
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.
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