SJC gold bar price
As of 6:40 PM, SJC gold bar prices were listed by DOJI at the threshold of 155.5-158.5 million VND/tael (buying - selling), down 500,000 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 155.5-158.5 million VND/tael (buying - selling), down 500,000 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 155-158.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 6:00 PM, DOJI listed the price of gold rings at the threshold of 155.5-158.5 million VND/tael (buying - selling), down 500,000 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 the threshold of 155.5-158.5 million VND/tael (buying - selling), down 500,000 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 Gold and Gems Group listed the price of gold rings at 155-158 million VND/tael (buying - selling), down 500,000 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 6:40 PM, world gold prices were listed around 4,506.2 USD/ounce, down 31.2 USD compared to the previous day.
Gold price forecast
World gold prices are under adjustment pressure after tensions in the Middle East increased concerns about inflation, while supporting the upward momentum of the USD and oil prices. This development makes the market continue to lean towards the scenario of interest rates remaining at high levels for a longer time.
According to analysts, gold is often seen as a haven in the context of geopolitical instability. However, the impact of rising oil prices and expectations of tighter monetary policy are causing difficulties for this precious metal.
As the USD strengthens, gold becomes more expensive for investors holding other currencies. Along with that, a high interest rate environment reduces the attractiveness of gold because it is an unprofitable asset.
Mr. Ricardo Evangelista - an analyst at ActivTrades - said that optimism surrounding negotiations between the US and Iran to resolve tensions in the Strait of Hormuz region has weakened last weekend. This has caused energy prices to recover, revived inflation concerns and strengthened expectations that the US Federal Reserve (Fed) may maintain a tougher stance.
According to Mr. Evangelista, investors will closely monitor important US economic data this week, because this information could change expectations about the Fed's monetary policy roadmap. The diễn biến of the USD will also directly affect gold holding demand.
The market is currently paying special attention to Fed officials' statements, the ISM manufacturing index and the US May jobs report. If data shows persistent inflation or the labor market remains stable, high interest rate expectations may continue to put pressure on gold prices.
In the opposite direction, if US economic data weakens, gold may receive support again thanks to expectations that the Fed will ease policy in the near future. However, in the short term, gold prices still face the risk of strong fluctuations as geopolitical factors, oil prices, USD and interest rate expectations are simultaneously dominating the market.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
