SJC gold bar price
At the end of the trading session of the week, DOJI Group listed the price of SJC gold at 115.5-118.5 million VND/tael (buy in - sell out).
Compared to the closing price of last week's trading session (May 11, 2025), the price of SJC gold bars at DOJI decreased by VND4.5 million/tael for buying and VND3.5 million/tael for selling.
The difference between the buying and selling prices of SJC gold at DOJI Group is at 3 million VND/tael.
Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 115.5-118.5 million VND/tael (buy in - sell out).
Compared to the closing price of last week's trading session (May 11, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC decreased by 4.5 million VND/tael for buying and decreased by 3.5 million VND/tael for selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 3 million VND/tael.
If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC in the session of May 11 and selling it in today's session (May 18), gold buyers at DOJI Group and Saigon Jewelry Company SJC will both lose 6.5 million VND/tael.
9999 gold ring price
This afternoon, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 111-114 million VND/tael (buy - sell); down 3.5 million VND/tael for buying and down 3 million VND/tael for selling compared to the closing price of the previous trading session. The difference between buying and selling is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 114-117 million VND/tael (buy - sell); down 3 million VND/tael in both directions compared to the closing price of the previous trading session. The difference between buying and selling is at 3 million VND/tael.
If buying gold rings in the session of May 11 and selling in today's session (May 18), buyers at DOJI and Bao Tin Minh Chau will both lose 6 million VND/tael.
World gold price
At the end of the trading session of the week, the world gold price listed on Kitco was at 3,201.7 USD/ounce, down 121.6 USD/ounce compared to the closing price of the previous trading session.
Gold price forecast
The latest weekly survey from Kitco News shows that experts are leaning towards pessimism. While individual investors are also gradually giving up the optimistic trend after a sharp decline in gold prices.
Of the 16 experts surveyed, only 2 (12) believe that gold prices will increase next week. Meanwhile, 10 people (63%) predict gold prices will continue to fall. The remaining four (25%) see prices moving sideways.
Thus, after a week of balanced opinions, Wall Street has leaning towards a negative trend towards gold's short-term prospects.
Meanwhile, 294 people participated in the online survey of Kitco. After two consecutive weeks of decline, individual investors have finally given up the optimistic assessment like many weeks ago.
There are still 100 people (34%) expecting gold prices to rise next week. 123 people (42%) predict prices will decrease. The remaining 71, or 24%, see gold prices moving sideways.
Adrian Day - Chairman of Adrian Day Asset Management - predicts that gold prices will continue to decline in the coming time when the US adjusts tax rates. However, he said this would open up an attractive buying opportunity afterwards.
Sharing the same view, Adam Button - Head of currency strategy at Forexlive.com - said that the current trend is still bearish due to weak market momentum. However, he expects gold prices to find a bottom, likely still above $3,000/ounce.
On the other hand, Darin Newsom at Barchart.com said that the June spot gold chart still showed a short-term uptrend, as long as prices remained above $3,123.3/ounce. According to him, central bank buying continues to be a supporting factor for gold.
US economic calendar affects gold prices next week
After a week of rich economic data, next week will be quite quiet with only a few notable indicators released. In the first half of the week, the market will lack catalysts, but by Thursday, investors will monitor weekly jobless claims, S&P Global's preliminary PMI and existing home sales in April. There will be more data on new home sales on Friday.
In addition, the market will see a series of key statements from officials of the US Federal Reserve (FED), including Jefferson, Williams, Log logan, Kashkari, Barkin, Bostic, Collins, Musalem, Kugler, Daly and Hammack. Notably, FED Chairman Jerome Powell will speak on Sunday afternoon, which is considered the highlight of the weekend.
See more news related to gold prices HERE...
