SJC gold bar price
As of 6:00 PM, SJC gold bar prices were listed by DOJI at 156-159 million VND/tael (buying - selling), an increase of 500,000 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 156-159 million VND/tael (buying - selling), an increase of 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 Jewelry Group listed SJC gold bar prices at 155.5-159 million VND/tael (buying - selling), keeping the buying direction unchanged and increasing by 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 PM, DOJI listed gold ring prices at 156-159 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 156-159 million VND/tael (buying - selling), an increase of 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 155.5-158.5 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
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 4,531.3 USD/ounce, up 23.7 USD compared to the previous day.
Gold price forecast
World gold prices are receiving support in the context of cooling crude oil prices and falling US Treasury bond yields, thereby easing pressure on non-performing assets such as gold.
However, the upward momentum of the precious metal is still not really sustainable as the USD has strengthened at times, and safe-haven demand has decreased as the market expects geopolitical tensions to cool down.
According to analysts, the focus now is still on the interest rate outlook of the US Federal Reserve (Fed). US personal income and expenditure data for April shows that consumer spending is still increasing, while PCE inflation remains at a high level.
The PCE price index increased by 3.8% compared to the same period last year, while the core PCE increased by 3.3%. This development shows that inflationary pressure has not completely disappeared, making it difficult for the Fed to soon ease monetary policy.
In the opposite direction, the sharp drop in oil prices has helped the market reduce concerns about the risk of inflation returning. The Hormuz Strait area is still considered an important channel for energy prices, inflation expectations and the diễn biến of precious metals.
However, the emergence of expectations for a new agreement between the US and Iran has temporarily reduced investors' bets on a scenario of escalating tensions.
With gold, the current impact is two-way. Decreased geopolitical risks may weaken safe-haven demand, but lower oil prices, cooling bond yields and expectations of softening inflation create a more favorable environment for gold. Therefore, precious metals still have the opportunity to maintain a positive trend if the USD does not increase too strongly and bond yields continue to fall.
Technically, some experts believe that buyers need to bring gold prices beyond the resistance zone of 4,550-4,576 USD/ounce to strengthen the upward trend. If successfully breaking through, the next target may be the 4,600 USD/ounce zone, and further, 4,660 USD/ounce.
Conversely, if the price breaks through support zones near 4,526 USD/ounce or 4,500 USD/ounce, adjustment pressure may increase in the short term.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
