SJC gold bar price
As of 5:06 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 187.9-190.9 million VND/tael (buying - selling), an increase of 3.9 million 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 187.9-190.9 million VND/tael (buying - selling), an increase of 3.9 million 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 187.9-190.9 million VND/tael (buying - selling), an increase of 3.9 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 5:06 PM, DOJI Group listed the price of gold rings at 187.9-190.9 million VND/tael (buying - selling), an increase of 4.1 million 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 187.9-190.9 million VND/tael (buying - selling), an increase of 3.9 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 186.9-189.9 million VND/tael (buying - selling), an increase of 3.1 million VND/tael in both directions. The buying - selling difference 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 5:06 PM, world gold prices were listed around the threshold of 5,278.2 USD/ounce, up sharply by 102.1 USD.
Gold price forecast
World gold prices continue to maintain a strong upward trend as safe-haven cash flow shows no signs of retreating. The fact that the precious metal surpassed the 5,400 USD/ounce mark shows that risk hedging sentiment still prevails in the context of escalating geopolitical tensions in the Middle East and global economic incertitudes that have not been resolved.
According to records on Kitco, although prices have increased rapidly, many investors are still not in a hurry to take profits but choose to hold, expecting room to increase to continue. In fact, gold has recovered strongly from the bottom around 4,400 USD/ounce, increasing by nearly 20% in a short time.
The upward momentum is not only associated with the US-Iran conflict but also reflects a broader picture: high global public debt, prolonged budget deficits and the return of trade risks.
Mr. Kyle Rodda - senior financial market analyst at Capital. com - commented that, unlike previous escalations, this time the risk of instability may be prolonged instead of only occurring in the short term. According to him, in such a volatile and unpredictable environment, gold's outlook is still positive.
From a technical perspective, some large organizations still maintain an optimistic view. Bank of America believes that gold may head towards the 6,000 USD/ounce mark if macroeconomic conditions continue to support it. However, the market is unlikely to increase in straight line. After a hot uptrend, accumulation and adjustment demand is necessary to strengthen the price base.
Potential pressure comes from US monetary policy. Higher than forecast wholesale inflation may cause the US Federal Reserve (Fed) to maintain a longer-term cautious stance, thereby slowing down expectations of interest rate cuts - a factor that previously supported gold.
Economic data to be tracked this week
This week's economic data release schedule is not too dense, but the reports released have a major impact on the market. Notably, the February jobs report, January retail sales, and updated US manufacturing and service sector indicators.
On Monday, the market will receive the February manufacturing PMI index announced by ISM. By Wednesday, ISM will announce the service PMI, along with the private sector employment report (ADP).
On Thursday, investors will monitor the number of weekly unemployment claims. The trading week will close on Friday morning with two important reports: Nonfarm Payrolls for February and retail sales for January.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
