SJC gold bar price
As of 6:45 PM, SJC gold bar prices were listed by DOJI at 163-166 million VND/tael (buying - selling), unchanged 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 163-166 million VND/tael (buying - selling), unchanged 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 163-166 million VND/tael (buying - selling), unchanged 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 6:45 PM, DOJI listed the price of gold rings at 163-166 million VND/tael (buying - selling), an increase of 500,000 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 gold ring prices at the threshold of 163-166 million VND/tael (buying - selling), unchanged 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 the price of gold rings at 163-166 million VND/tael (buying - selling), an increase of 500,000 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 4,570.1 USD/ounce, down 58 USD compared to the previous day.
Gold price forecast
World gold prices are forecast to continue to fluctuate strongly in the coming time when simultaneously affected by many opposing factors, including interest rates, geopolitics and the trend of global capital flows.
In the short term, the biggest pressure on precious metals still comes from a high interest rate environment. The fact that oil prices remain at a high level raises concerns about inflation, thereby forcing central banks to continue to maintain tight monetary policy for longer.
This is a factor that reduces the attractiveness of gold – an unprofitable asset, and at the same time makes cash flow tend to shift to profitable investment channels.
In addition, geopolitical developments in the Middle East continue to be an unpredictable variable. Information that the US is considering military options against Iran has increased market demand for risk hedging, supporting gold prices at certain times.
Mr. Christopher Wong - a strategic expert at Oversea-Chinese Banking Corp - said that the current environment requires caution with gold prices if oil prices have not cooled down, although the medium-term outlook is still supported by demand for stockpiling from central banks.
In the long term, many international financial institutions still maintain a positive view of gold, especially in the context of the increasingly clear "de-dollarization" trend.
According to Deutsche Bank, countries reducing dependence on the USD and increasing gold reserves could create significant momentum for precious metal prices in the coming years. The bank even believes that gold prices could reach the 8,000 USD/ounce mark within 5 years if this trend continues.
However, experts also note that the risk of adjustment is still present. If inflationary pressure persists or the financial market stabilizes, safe-haven demand may weaken, causing gold prices to face deeper corrections.
In general, in the context of many intertwined variables, the gold price trend in the coming time is assessed to continue to fluctuate, with a wide fluctuation range and large dependence on monetary policy as well as global geopolitical developments.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
Due to the impact of year-end position restructuring and market liquidity, the December gold futures contract is currently the most actively traded contract on the CME exchange.
See more news related to gold prices HERE...
