SJC gold bar price
As of 5:00 PM, SJC gold bar prices were listed by DOJI at 154-157 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 154-157 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 the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 154-157 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 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 5:00 PM, DOJI listed gold ring prices at 154-157 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.
Bao Tin Minh Chau listed gold ring prices at 154-157 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 154-157 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.
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 5:00 PM, world gold prices were listed around 4.441.2 USD/ounce, down sharply by 88 USD compared to the previous day.
Gold price forecast
World gold prices continue to face downward pressure in the context of a stronger USD, rising oil prices and tensions in the Middle East showing no signs of cooling down. This development weakens expectations of a quick agreement between the US and Iran, thereby increasing cautious sentiment in the precious metals market.
According to analysts, although gold is often seen as a safe haven asset during the period of geopolitical instability, the current situation is more complicated as rising oil prices lead to concerns about inflation.
If inflationary pressure returns, the US Federal Reserve (Fed) may maintain a tight monetary policy for longer, even the market is starting to consider the possibility of interest rates rising again at the end of the year. This is a disadvantage for gold, because the precious metal does not bring yields.
Mr. Lukman Otunuga - senior analyst at FXTM - said that gold prices are under pressure as they approach the support zone of 4,450 USD/ounce. According to him, hopes for a US-Iran peace agreement are fading, while oil prices are likely to remain high if the conflict continues. This may make gold's short-term outlook less positive.
The rising USD is also a factor putting pressure on gold. As the greenback strengthens, gold becomes more expensive for investors holding other currencies, thereby weakening buying demand. In addition, high yields and interest rate expectations continue to reduce the attractiveness of gold compared to profitable assets.
Investors are currently focusing their attention on the US May non-farm payroll report, which is expected to be released this week. If job data continues to show a solid US labor market, downward pressure on gold may increase as investors adjust their monetary policy expectations from the Fed.
Domestically, the buying - selling price difference of gold is still high, around 3 million VND/tael. This increases the risk of short-term losses, especially for investors buying gold when prices fluctuate strongly.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
