SJC gold bar price
As of 5:00 PM, SJC gold bar prices were listed by DOJI at the threshold of 166.3 - 168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. 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 166.3 - 168.8 million VND/tael (buying - selling), keeping both buying and selling directions unchanged. The difference between buying and selling prices is at the threshold of 2.6 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 166.3 - 168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
9999 gold ring price
As of 17:00, DOJI listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), unchanged 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 the threshold of 165.8-168.8 million VND/tael (buying - selling), unchanged 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 the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
The buying - selling price difference of gold is at a very high level, around 2.5 to 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 4:30 PM, world gold prices were listed around the threshold of 4,700.9 USD/ounce, down 7.9 USD compared to the previous day.
Gold price forecast
World gold prices are in a state of stalemate as investors are cautious in the face of a series of information related to US-Iran negotiations and the interest rate decision of the US Federal Reserve (Fed).
After ending a 4-week winning streak, the precious metal still maintained its support zone around 4,700 USD/ounce but could not break through the 4,800 USD/ounce threshold.
According to analysts, market sentiment is currently strongly influenced by geopolitical developments in the Middle East. New signals from negotiations between the US and Iran may directly affect safe-haven demand. However, in the context of prolonged instability, the USD is also benefiting as a safe asset, thereby partly limiting the rise of gold.
Mr. Kyle Rodda - senior financial market analyst at Capital. com - said that the market is currently mainly monitoring whether US-Iran negotiations will make progress in the coming days or not. According to him, this will be the factor that will have the biggest impact on gold prices in the short term.
Another factor that investors are also paying attention to is oil prices. The stalled negotiations could prolong energy supply disruptions in the Middle East, pushing oil prices up. Rising oil prices often increase inflationary pressure due to rising transportation and manufacturing costs. This could cause the Fed to maintain a cautious stance on monetary policy.
Gold is often seen as an inflation hedging channel, but a high interest rate environment is a drag on precious metals because gold does not bring yields.
Mr. Lukman Otunuga - senior market analyst at FXTM - said that when concerns about increased inflation shocks increase, central banks may continue to keep interest rates stable, even consider increasing interest rates in the future. According to him, this is a disadvantageous factor for gold even though risk avoidance sentiment still exists.
Technically, some experts believe that gold prices are fluctuating in a wide range of about 4,650-4,850 USD/ounce. If the 4,700 USD/ounce zone is maintained, gold prices may turn back to the 4,870-4,900 USD/ounce zone. Conversely, if this support zone is lost, adjustment pressure may pull gold prices back to 4,600 USD/ounce, or even lower.
This week, the market will closely monitor the Fed's monetary policy decisions and important US economic data such as Q1 GDP, personal consumer spending index and number of unemployment claims. These data can shape interest rate expectations, thereby strongly impacting gold price trends.
Gold price data is compared to the previous day.
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