SJC gold bar price
As of 5:40 PM, SJC gold bar prices were listed by DOJI at the threshold of 168.1-17.06 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 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 168.1-17.06 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. 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 168.1-10.76 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 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 5:40 PM, DOJI listed the price of gold rings at 167.6-170.6 million VND/tael (buying - selling), down 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 167.6-170.6 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 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 167.6-170.6 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.
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 5:40 PM, world gold prices were listed around 4,786.4 USD/ounce, down 6.3 USD compared to the previous day.
Gold price forecast
World gold prices are under short-term adjustment pressure as the USD maintains its upward momentum, making the precious metal more expensive for investors holding other currencies.
In addition, the market also appeared cautious in the face of new developments related to tensions in the Middle East and the hearing of US Federal Reserve (FED) candidate Kevin Warsh.
According to analysts, the recent decrease in gold prices reflects the cautious sentiment of investors as geopolitical risks have not been truly resolved.
Expert Ricardo Evangelista of ActivTrades believes that although oil prices have somewhat cooled down, the situation in the Strait of Hormuz is still uncertain. This factor continues to raise concerns about inflation, thereby supporting the USD to appreciate and putting pressure on gold - a non-profit asset.
Reality shows that gold does not always increase sharply in the context of escalating geopolitics. When conflicts increase, cash flow at many times prioritizes the USD as a safe haven, while high yields also reduce the attractiveness of gold. This is the reason why gold prices have recently fluctuated sharply instead of going up in a one-way direction.
However, the medium and long-term outlook for the precious metal is still positively assessed by many organizations. Mr. Rodolphe Bohn - HSBC's foreign and commodity strategist - said that although the Middle East conflict causes gold prices to fluctuate sharply in the short term, the long-term trend is still supported by high geopolitical risks, increased budget deficits and gold buying pressure from central banks.
According to Mr. Bohn, monetary policy continues to be a major factor affecting the trend of gold. High real interest rates may put pressure in the short term, but concerns about prolonged inflation, weakening growth and the risk of an inflationary trough will continue to support demand for gold holdings. In addition, rising public debt in the US and many major economies are also boosting demand for hard assets, including gold.
In the current context, gold prices are forecast to still fluctuate strongly in the short term. However, if geopolitical tensions have not completely cooled down and risk hedging needs are still maintained, this precious metal still has a basis to maintain a positive trend in the coming time.
Gold price data is compared to the previous day.
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