SJC gold bar price
As of 8:00 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 181.9-184.9 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 181-184 million VND/tael (buying - selling), down 1.3 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 181-184 million VND/tael (buying - selling), down 1.3 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 8:00 PM, DOJI Group listed the price of gold rings at the threshold of 180.9-183.9 million VND/tael (buying - selling), down 700,000 VND/tael in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 181-184 million VND/tael (buying - selling), down 500,000 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 180.5-183.5 million VND/tael (buying - selling), down 1.3 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 8:33 PM, world gold prices were listed around the threshold of 5-171.8 USD/ounce.
Gold price forecast
Gold and silver prices fell as profit-taking activities of short-term futures traders appeared in both markets after a recent rally, which had formed new short-term uptrends.
Gold for April delivery fell 42.2 USD, to 5,184.4 USD/ounce, while silver for March delivery lost 4,878 USD, falling to 86.245 USD/ounce.
On the international front, the US and Iran entered the third round of nuclear talks in Geneva, Switzerland. According to Bloomberg, the two sides continued negotiations through Oman's mediating role in the context of the deadline for an agreement approaching.
Representatives of the Iranian side said that this country participates in negotiations with reasonable flexibility and reaffirms the right to use nuclear energy for peaceful purposes. This development contributes to maintaining a cautious mentality in financial markets.
At the same time, tensions between Russia and Ukraine are said to be showing signs of escalation. Bloomberg reported that hundreds of UAVs and dozens of missiles have been used by Russia. The escalation continues to increase concerns about geopolitical risks.
On Wall Street, investors are still struggling to assess the economic impact of artificial intelligence. An article on Citrini Research's blog with a hypothetical scenario about AI replacing widespread intellectual labor contributed to the stock market shaking at the beginning of the week.
According to Bloomberg, this reaction shows that investors are still in disagreement about the development trajectory as well as the economic consequences of AI technology. Such uncertainties are often seen as supporting factors for safe haven assets such as precious metals.
From a technical perspective, gold buyers for April delivery are aiming to close above the strong resistance level of 5,400 USD/ounce.
In the opposite direction, the selling side is trying to pull the price below the important support level of 4,854.2 USD/ounce. The nearest resistance levels are recorded at 5,269.4 USD/ounce and 5,300 USD/ounce, while the nearest support levels are at 5,109.50 USD and 5,100 USD/ounce.
In outside markets, the USD index edged up slightly. Crude oil prices fell, trading around $64.25/barrel, while the yield on 10-year US Treasury bonds is currently at 4.05%.
Gold price data is compared to the previous day.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
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