SJC gold bar price
As of 6:00 PM, SJC gold bar prices were listed by DOJI Group at 184-187 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 184-187 million VND/tael (buying - selling), an increase of 3.5 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 SJC gold bar prices at 184-187 million VND/tael (buying - selling), an increase of 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.
9999 gold ring price
As of 6:00 PM, DOJI Group listed the price of gold rings at 183.8-186.8 million VND/tael (buying - selling), an increase of 2.9 million 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 184-187 million VND/tael (buying - selling), an increase of 3.5 million 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 the threshold of 183.8-186.8 million VND/tael (buying - selling), an increase of 3.3 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 6:00 PM, world gold prices were listed around the threshold of 5,278.2 USD/ounce, up sharply by 102.1 USD.
Gold price forecast
The latest weekly gold survey with Wall Street experts shows that optimistic sentiment is strongly returning on Wall Street. While small investors (Main Street) continue to maintain a majority leaning towards an upward trend for the fourth consecutive week.
This week, 18 experts participated in the Gold Survey. 12 experts (equivalent to 67%) predict that gold prices will exceed the 5,300 USD/ounce mark next week. Only 2 people (11%) believe that prices will decrease. The remaining four analysts, accounting for 22%, believe that the risk of increase - decrease is in a balanced state in the short term.
In Kitco's online poll with 266 votes, individual investor sentiment increased sharply after three consecutive weeks of maintaining optimism around the 60% zone. 202 small investors (76%) expect gold prices to continue to rise next week.
Meanwhile, 34 people (13%) predicted prices would decrease. The remaining 30 people (11%) believe that gold prices will remain flat in the coming days.
In the latest commodity report, Bank of America analysts reaffirmed the gold price target for the next 12 months at 6,000 USD/ounce.
However, they also admit that the precious metal is facing some short-term disadvantages as investors adjust their positions after a period of strong price increases.
“We are concerned about capital flows after the recent fluctuations. The increase in gold has really broken through when buying power comes from all three drivers including demand for gold bars and coins, buying activities of central banks and capital inflows into ETF funds. However, signs have emerged that investors are slowing down the rate of increasing gold weight.
Therefore, we are considering the possibility of gold prices weakening in the spring, although new instability related to tariff policies may prevent this accumulation period from prolonging" - experts said.
Economic data to be tracked next week
The schedule for announcing economic data next week is not too dense, but the reports released have a major impact on the market. Notably, the February jobs report, January retail sales, and updated US manufacturing and service sector indicators.
On Monday, the market will receive the February manufacturing PMI index announced by ISM. By Wednesday, ISM will announce the service PMI, along with the private sector employment report (ADP).
On Thursday, investors will monitor the number of weekly unemployment claims. The trading week will close on Friday morning with two important reports: Nonfarm Payrolls for February and retail sales for January.
Gold price data is compared to the previous day.
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