SJC gold bar price
As of 5:00 PM, Phu Quy Jewelry Group listed SJC gold bar prices at 143-146.4 million VND/tael (buying - selling), down 500,000 VND/tael on the buying side and down 600,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.4 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 143.4-146.4 million VND/tael (buying - selling), down 600,000 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 142.5-146 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 3.5 million VND/tael.
9999 gold ring price
As of 5 PM, Phu Quy Gold and Gems Group listed the price of gold rings at 143-146 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.
DOJI listed the price of gold rings at the threshold of 143.4-146.4 million VND/tael (buying - selling), down 600,000 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 142.5-146 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.
World gold price
At 5:00 PM, world gold prices were listed around the threshold of 4,024.4 USD/ounce, slightly up 0.9 USD compared to the previous day.
Gold price forecast
Gold prices are entering a period of strong fluctuations, as the market is simultaneously affected by the monetary policy expectations of the US Federal Reserve (Fed), US bond yield developments and safe-haven demand in the face of geopolitical risks.
In the short term, the price range around 4,000 USD/ounce continues to be considered an important psychological milestone for world gold. After a correction from the recent peak, the precious metal still maintains a high price base, but has not created a clear breakthrough signal because investors are still cautious about the interest rate outlook in the US.
US job data is sending mixed signals. ADP's report shows that the private sector created 98,000 jobs, lower than the forecast of 113,000 jobs. This partly supports gold prices, as the market expects the Fed to be softer if the recruitment momentum slows down.
Dr. Nela Richardson - chief economist at ADP - said that the recruitment rate is reflecting both supply and demand factors, in which workers spend more time looking for jobs, while some industries are still facing labor shortages.
However, pressure on gold has not disappeared. Previously, more positive than expected job data pushed US Treasury bond yields to near the 4.5% zone, causing the opportunity cost of holding gold to increase. The USD maintaining a slight upward trend is also a factor hindering the recovery momentum of the precious metal.
From a long-term perspective, some experts still maintain a positive view of gold. Mr. Brad Dunkley - co-founder and investment director of Waratah Capital Advisors - believes that the recent adjustment may create opportunities for investors, because governments and central banks find it difficult to accept a prolonged recession period.
According to him, the large public debt burden will make policymakers tend to maintain a low real interest rate environment, thereby supporting gold in the long term.
Besides the monetary factor, geopolitical tensions are still a noteworthy variable. Although oil flows through the Strait of Hormuz have stabilized, the risk of energy supply disruption can still fuel concerns about inflation, directly affecting Fed policy expectations.
In that context, gold prices are forecast to continue to fluctuate strongly, but the medium and long-term trend is still supported if real interest rates continue to be controlled.
Gold price data is compared to the previous day.
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