SJC gold bar price
As of 8:25 PM, Phu Quy Jewelry Group listed the price of SJC gold bars at 143.7-147 million VND/tael (buying - selling), down 300,000 VND/tael on the buying side and unchanged on the selling side. The difference between buying and selling prices is at 3.3 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 144-147 million VND/tael (buying - selling), keeping both buying and selling directions unchanged. 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 142.5-146 VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
9999 gold ring price
As of 8:25 PM, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 143.5-147 million VND/tael (buying - selling), down 500,000 VND/tael on the buying side and keeping the selling side unchanged. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
DOJI listed the price of gold rings at 144-147 million VND/tael (buying - selling), keeping both buying and selling directions unchanged. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 142.5-146 VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
World gold price
At 8:25 PM, world gold prices were listed around the threshold of 3, 966.8 USD/ounce, down 157 USD compared to the previous day.
Gold price forecast
World gold prices are under significant pressure as the USD rises sharply, expectations for the US Federal Reserve (Fed)'s interest rate policy shift to a more cautious direction, and safe-haven demand weakens.
The decline of precious metals occurred after the Fed's policy meeting as the market increased bets on the possibility of interest rates remaining high longer, even with expectations of new interest rate hikes. The fact that asset yields valued in USD become more attractive makes gold - a non-profit investment channel - under selling pressure.
In addition, the USD is maintaining its strength, making gold more expensive for investors holding other currencies. According to UBS analyst Giovanni Staunovo, a strong USD continues to be a drag on gold prices, while cash flow into gold ETFs has not shown a clear improvement.
However, analysts believe that the long-term outlook for gold has not been completely reversed. Deep price adjustments may stimulate buying demand from central banks - a group of customers that have maintained the gold accumulation trend in the past.
Mr. Staunovo said that buying power from the central bank is still a supporting factor, but concerns about inflation and Fed monetary policy may continue to limit investment capital flows in the short term.
Regarding technical analysis, expert David Morrison of Trade Nation believes that gold breaking through the 4-100 USD/ounce zone has caused this area to turn into a new resistance zone.
According to him, the 4,020 - 4,030 USD/ounce zone is an important support threshold to monitor. If the price breaks the 4,000 USD/ounce mark, the market may experience additional selling pressure due to stop-loss orders being activated.
In the opposite direction, if buying power returns, gold needs to surpass the 4,100 - 4,180 USD/ounce range to strengthen recovery potential. Some analysts still maintain a positive outlook for gold in the medium and long term, although they have adjusted down forecasts due to changes in the interest rate environment.
In the coming time, investors will focus on US economic data, especially the Personal Consumption Expenditure (PCE) index - an inflation measure closely monitored by the Fed. This result may create more fluctuations for the USD, interest rates and the direction of gold prices.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
