SJC gold bar price
As of 6:00 PM, Phu Quy Jewelry Group listed SJC gold bar prices at 139-143 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
SJC gold bar price is listed by DOJI at the threshold of 139-143 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 140.1-144 million VND/tael (buying - selling), an increase of 1.2 million VND/tael on the buying side and an increase of 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.9 million VND/tael.
9999 gold ring price
As of 6:00 PM, Phu Quy Gold and Gems Group listed the price of gold rings at 139-143 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
DOJI listed the price of gold rings at the threshold of 140.2-144.2 million VND/tael (buying - selling), an increase of 1.7 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 140.1-144 million VND/tael (buying - selling), an increase of 1.2 million VND/tael on the buying side and an increase of 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at 3.9 million VND/tael.
World gold price
At 5:50 PM, world gold prices were listed around the threshold of 4,100.4 USD/ounce, up 48.7 USD/ounce.
Gold price forecast
Gold prices have surpassed the 4,100 USD/ounce mark in the first session of the week. This positive development comes from the weakening of the USD, along with the sharp drop in oil prices as geopolitical tensions in the Middle East show signs of cooling down, thereby reducing concerns about inflationary pressure.
In the new trading week, the focus of the market will be on a series of important economic information, especially the monetary policy meeting of the US Federal Reserve (Fed) taking place on July 28-29. Investors are waiting for new signals about interest rate orientation in the near future, because the Fed's policy has a major impact on the attractiveness of gold.
If the Fed maintains a cautious stance and sends signals that it may ease policy in the near future, the USD may face more pressure, thereby creating momentum for gold prices. Conversely, tougher signals on interest rates may put precious metals under adjustment pressure after recent gains.
Besides monetary policy factors, oil price movements and geopolitical situation continue to be important variables. The cooling of energy prices is helping to reduce concerns about inflation, while changing market expectations about the direction of interest rates. However, any unexpected developments related to international conflicts can quickly trigger safe-haven demand for gold.
The survey results of a precious metals website with Wall Street experts show that psychology is still relatively cautious. Among the 18 experts participating in the survey, only 4 people (22%) expect gold prices to increase this week. Meanwhile, 7 experts (39%) predict prices may decrease and the remaining 7 believe that gold will continue to move sideways to wait for new signals.
The survey results above show that investor sentiment is differentiated: a part expects gold to continue to rise after maintaining the important support zone around 4,000 USD/ounce, while others believe that the precious metal may need more accumulation time after a period of strong fluctuations.
In the long term, gold still receives support from risk hedging needs, expectations of monetary policy adjustments and global economic and political instability. However, in the short term, gold prices may continue to fluctuate strongly with each signal from the Fed, USD and US economic data released this week.
Gold price data is compared to the previous day.
The above content is only intended to update the developments and trends of the gold market, not to recommend investment. Investors need to carefully consider risk factors before making a trading decision.
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