SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 144-147 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (June 7), SJC gold bar price at Saigon SJC Jewelry Company decreased by 2.2 million VND/tael on the buying side and decreased by 3.2 million VND/tael on the selling side.
Meanwhile, DOJI listed SJC gold price at 144-147 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (June 7), SJC gold bar price at DOJI decreased by 2.2 million VND/tael on the buying side and decreased by 3.2 million VND/tael on the selling side.
If buying SJC gold bars on the 7.6 session and selling them on today's session (June 14), buyers at Saigon SJC and DOJI Jewelry Company both lost 6.2 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 144-147 million VND/tael (buying - selling), down 2.2 million VND/tael on the buying side and down 3.2 million VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 144-147 million VND/tael (buying - selling), down 2.2 million VND/tael on the buying side and down 2.6 million VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.
If buying gold rings on the 7.6 session and selling them on today's session (June 14), buyers at DOJI will lose 6.2 million VND/tael, while the loss when buying at Phu Quy is 5.6 million VND/tael.
World gold price
Closing the week's trading session, world gold prices were listed at 4,218.3 USD/ounce, down 109.7 USD compared to a week ago.
Gold price forecast
World gold prices have just experienced a week of strong fluctuations as the market is continuously affected by geopolitical tensions, US inflation data and monetary policy expectations of the US Federal Reserve (Fed).
Earlier this week, gold was supported by safe-haven demand in the context of investors monitoring the US-Iran conflict and the risk of energy supply disruptions in the Strait of Hormuz. However, the upward momentum quickly weakened as geopolitical concerns partially cooled down, while US inflation figures increased the possibility of the Fed maintaining a cautious stance on interest rates.
During the week, gold prices at one point increased to the above 4,360 USD/ounce area, but then reversed sharply, falling close to the threshold of 4,000 USD/ounce before recovering back to the above 4,200 USD/ounce area. This development shows that bottom-fishing buying power still appeared when prices fell deeply, but the general psychology in the market is still quite cautious.
According to Kitco News' weekly gold survey, Wall Street analysts are clearly divided before the upcoming Fed policy meeting. Among the 17 experts surveyed, 4 predicted gold prices would rise, 2 thought prices would fall, while 11 chose to stand by and observe. In the group of individual investors, pessimistic sentiment prevailed as nearly half of participants predicted gold prices would continue to fall next week.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold prices have rebounded after falling to the lowest level since the end of last year. However, momentum indicators, although in a tense state, have not given a clear reversal signal. According to him, the market may continue to wait for further signals from the Fed before establishing a new trend.
Meanwhile, Mr. Adrian Day - Chairman of Adrian Day Asset Management - leans towards a more positive scenario. This expert believes that the possibility that gold prices have bottomed out is not too low. If tensions in the Middle East continue to ease, oil prices cool down and the USD loses its shelter role, gold may be supported again.
Next week, the market will focus on the Fed meeting and a series of US economic data such as retail sales, housing, manufacturing and unemployment claims. This information may directly impact interest rate expectations, thereby dominating gold price movements in the short term.
Gold price data is compared to a week earlier.
See more news related to gold prices HERE...
