SJC gold bar price
As of 6:00 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 167.2-170.2 million VND/tael (buying - selling), an increase of 6.4 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 167.2-170.2 million VND/tael (buying - selling), an increase of 4.2 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 the threshold of 167.2-170.2 million VND/tael (buying - selling), an increase of 4.2 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.
9999 gold ring price
As of 6:00 PM, DOJI Group listed gold ring prices at the threshold of 167.2-170.2 million VND/tael (buying - selling), an increase of 6.9 million VND/tael on the buying side and an increase of 6.5 million VND/tael on the selling side. 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 167.7-170.7 million VND/tael (buying - selling), an increase of 4.7 million 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 the threshold of 167.2-170.2 million VND/tael (buying - selling), an increase of 4.2 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.
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 6:32 PM, world gold prices were listed around the threshold of 4,413 USD/ounce, up 11.6 USD compared to the previous day.
Gold price forecast
Gold prices are forecast to continue to fluctuate strongly in the short term as the market adjusts expectations about US monetary policy and reacts to geopolitical factors. According to experts, after a prolonged period of hot increase, the precious metal is entering the necessary correction phase to re-establish the price level.
A report from Heraeus suggests that the gold market is currently facing greater risks than usual, especially in the context of weakening expectations of the US Federal Reserve (Fed) cutting interest rates.
Investors are currently facing higher-than-normal volatility and will need time for the market to re-establish price expectations" - experts said. This means that the short-term trend may not be stable, even appearing alternating ups and downs.
Recent developments show that gold has increased sharply for a long time before adjusting. The increase of tens of percent in more than a year has caused the market to fall into a "overbought" state, so profit-taking pressure is unavoidable. In addition, the Fed's maintenance of interest rates at a higher level longer than expected is creating a significant resistance for precious metals.
From the perspective of cash flow, some experts believe that recent fluctuations also come from the selling activities of large organizations. Mr. Bernard Dahdah - expert at Natixis - commented:
“We believe that the main reason for this decline is that some central banks are selling gold to protect the domestic currency or serve energy import demand.” This factor may put pressure on gold prices in the short term.
However, the long-term outlook for gold is still positively assessed. Although some large financial institutions have reduced their holding ratios to control risks, they still maintain the view that gold still has room to increase as economic and geopolitical instability has not cooled down.
In general, the gold market may continue to fluctuate strongly in the near future before gradually stabilizing. Investors should be cautious with short-term decisions, and closely monitor the developments of monetary policy and large cash flows in the market.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
