Updated SJC gold price
As of 6:00 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND94.3-95.8 million/tael (buy in - sell out); both buying and selling prices remained unchanged compared to the previous trading session. The difference between buying and selling prices is at 1.5 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at VND94.3-95.8 million/tael (buy in - sell out); unchanged in both buying and selling directions compared to the close of the previous trading session. The difference between buying and selling prices is at 1.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at VND94.5-95.8 million/tael (buy - sell); increased by VND100,000/tael for buying and kept the same for selling compared to the previous trading session. The difference between the buying and selling prices of SJC gold is listed at 1.3 million VND/tael.
9999 round gold ring price
As of 6:00 p.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND94.9-96.3 million/tael (buy in - sell out); both buying and selling prices remained unchanged. The difference between buying and selling is listed at 1.4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 95-96.6 million VND/tael (buy - sell); increased by 50,000 VND/tael for buying and increased by 100,000 VND/tael for selling. The difference between buying and selling is 1.6 million VND/tael.
World gold price
As of 6:10 p.m., the world gold price listed on Kitco was at 2,984.91 USD/ounce.
Gold price forecast
According to Reuters, gold prices continue to increase strongly thanks to trade tensions and expectations that the US Federal Reserve (FED) will cut interest rates, making gold even more attractive as a safe-haven asset.
In the context of rising geopolitical tensions, rising trade tariffs and uncertainty in the financial market, investors are looking for stability and they are finding that in gold.
When gold breaks above $3,000, short-term profit-taking could temporarily put pressure on gold prices," said Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany.
US government taxes have played an important role in increasing demand for gold. The global trade war has rocked financial markets and raised concerns about economic recession, especially as trade tensions escalate, such as the threat to impose a 200% tax on alcohol imports from Europe on Thursday.
SPDR Gold Trust - the world's largest gold ETF - said that the fund's gold holdings reached 905.81 tons, the highest level since August 2023 at the end of February.
Meanwhile, data shows that the US consumer price index fell more strongly than analysts expected, which could create more space for the Fed to cut interest rates. The Fed's next policy meeting is on Wednesday.
The FOMC decision next week, along with Chairman Jerome Powells signal, will determine whether spot gold prices will remain above $3,000 an ounce, Han Tan, chief market analyst at Exinity Group, said.
Traders expect policymakers to continue cutting borrowing costs in June.
We maintain an optimistic view on gold, with prices forecast to reach a record $3,050/ounce in 2025, ANZ analysts noted.
Note: The article data compares with the same time of the previous trading session.
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