SJC gold bar price
As of 5:30 PM, SJC gold bar prices were listed by DOJI at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and up 300,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 700,000 VND/tael on the buying side and down 200,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
9999 gold ring price
As of 5:30 PM, DOJI listed the price of gold rings at 149-151.4 million VND/tael (buying - selling), down 1 million 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 2.4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 148.5-151.3 million VND/tael (buying - selling), keeping the buying direction unchanged and decreasing 200,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.8 million VND/tael.
The buying - selling price difference of gold is showing signs of decreasing, from 3 million to about 2.4 to 2.8 million VND/tael.
World gold price
At 5:40 PM, world gold prices were listed around the threshold of 4,324.8 USD/ounce, down 14.6 USD compared to the previous day.
Gold price forecast
World gold prices are maintaining an upward zone after testing an important support threshold around 4,000 USD/ounce. However, analysts believe that the precious metal has not yet escaped the state of stalemate as investors are waiting for clearer signals about interest rates, inflation and policy orientation of the US Federal Reserve (Fed).
Talking to Kitco News, Mr. Tom Bruce - macro strategist at Tanglewood Total Wealth Management - said he maintains a neutral stance on gold in the short term, but the long-term outlook is still constructive.
According to this expert, the strong increase in gold at the beginning of the year was mainly driven by buying power from central banks, diversification demand away from USD-valued assets and speculative cash flow. However, this excitement cooled down as capital flows shifted to strong growth stock groups such as artificial intelligence and semiconductor.
Mr. Bruce said that gold is now returning to being more affected by traditional factors, especially real interest rate expectations. As geopolitical concerns subside, safe-haven demand is no longer a prominent driving force, making gold more sensitive to the developments of bond yields and the USD.
The market is currently mainly in an accumulation phase," Mr. Bruce said, adding that gold holding the 4,000 USD/ounce support zone is a noteworthy sign. According to him, only when the price clearly breaks below this zone will technical prospects become more worrying.
On the supporting side, crude oil prices fell sharply, US Treasury bond yields fell and the weakening USD is creating ground for gold. Brent oil prices fell below 80 USD/barrel in the context that the market expects supply from Iran to return, thereby easing inflationary pressure. Expert Luka Belobrajdic from Westpac said that Iran's exports could be equivalent to about 2% of global demand, although easing sanctions is unlikely to happen immediately.
In the short term, the focus of the market is the Fed's policy decisions. If the Fed's message is less tough, gold may continue to be supported by falling yields. Conversely, if the Fed signals to maintain high interest rates for longer or leaves open the possibility of raising interest rates at the end of the year, the 4,300 USD/ounce zone may be under pressure again.
Technically, the near resistance zone of gold is around 4,370-4,390 USD/ounce. If it sustainably surpasses this zone, the price may head towards 4,580-4,600 USD/ounce. In the opposite direction, the near support zone is 4,300 USD/ounce, deeper is 4,200 USD/ounce.
Gold price data is compared to the previous day.
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