SJC gold bar price
As of 6:00 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 180.1-183.1 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 the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 180.1-183.1 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 the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 180.1-183.1 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 the threshold of 3 million VND/tael.
9999 gold ring price
As of 6:00 PM, DOJI Group listed the price of gold rings at the threshold of 180.1-83.1 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 the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 179.6-182.6 million VND/tael (buying - selling), down 400,000 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 180-183 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 5:41 PM, world gold prices were listed around the threshold of 4, 981.8 USD/ounce, down 35.9 USD.
Gold price forecast
World gold prices opened the new week in a correction trend, as the market was affected by many macroeconomic and geopolitical factors. One of the notable factors is the strong increase in oil prices, raising concerns that inflation may return, thereby affecting the monetary policy orientation of major central banks.
Mr. Bernard Dahdah - analyst at Natixis - said that the gold market is shifting its attention from geopolitical risks to the risk of prolonged inflation.
According to him, a sharp increase in oil prices could increase inflationary pressure and force the US Federal Reserve (Fed) to be more cautious with its monetary policy easing roadmap. "High oil prices mean higher inflation, and this could cause the Fed to temporarily stop or slow down interest rate cuts, thereby putting pressure on gold prices," Mr. Dahdah said.
This week, the global financial market is turning its attention to the Fed policy meeting. Most forecasts suggest that the US central bank will keep interest rates unchanged. However, the Fed's cautious stance may make investor sentiment towards gold more cautious in the short term.
Mr. Rich Checkan - Chairman and Chief Operating Officer of Asset Strategies International - said that gold prices may face adjustment pressure this week as the market waits for signals from the Fed.
According to him, in the context that interest rates are still relatively high compared to inflation, the Fed's decision to keep interest rates unchanged may cause a part of investors to temporarily reduce their demand for gold holdings.
However, some opinions suggest that the long-term outlook for gold is still supported by monetary factors. Mr. Adrian Day - Chairman of Adrian Day Asset Management - said that factors related to monetary policy will continue to be the main driver of gold prices in the coming time, especially after geopolitical tensions gradually subside.
According to him, in the short term, the market may fluctuate according to new news, but in the long term, monetary factors still play a decisive role in the trend of precious metals.
Notable economic data of the week
Empire State Manufacturing Survey (USA), RBA's monetary policy decision.
Sales of pending houses in the US.
US Producer Price Index (PPI), BoC interest rate decision, Fed monetary policy decision, BoJ monetary policy decision.
Monetary policy decisions SNB, BoE, ECB; weekly US jobless claims; Philly Fed manufacturing survey; new home sales in the US.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
