SJC gold bar price
As of 5:00 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 181.2-184.2 million VND/tael (buying - selling), down 4 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 181.2-184.2 million VND/tael (buying - selling), down 4 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.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 181.2-184.2 million VND/tael (buying - selling), down 4 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 5:00 PM, DOJI Group listed the price of gold rings at the threshold of 181.2-184.2 million VND/tael (buying - selling), down 4 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.
Bao Tin Minh Chau listed the price of gold rings at 182-185 million VND/tael (buying - selling), down 3.2 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 181.2-184.2 million VND/tael (buying - selling), down 4 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.
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 4:50 PM, world gold prices were listed around the threshold of 5,183.4 USD/ounce, up 26.5 USD.
Gold price forecast
The world gold market is facing many opposite factors, making short-term trends unpredictable. Although geopolitical tensions and inflation are still important supporting factors, many experts believe that the precious metal may enter a correction phase after a period of strong increase.
According to Ms. Rhona O'Connell - Head of Market Analysis for EMEA and Asia at StoneX, the geopolitical environment is still a major factor influencing the developments of precious metals.
Tensions in the Middle East, especially the risk of escalating conflicts related to Iran, have boosted risk-taking sentiment in the financial market and contributed to supporting gold prices.
However, this expert also noted that after the recent strong increase, gold and silver are falling into a "overbought" state on technical indicators. "Gold is currently trading near the peak of the upward trend, while momentum indicators suggest that the market may need a break to absorb previous buying power" - Ms. O'Connell said.
Another factor affecting the market is the volatility of the USD. In recent sessions, global cash flow tends to return to the greenback - a highly liquid asset - instead of focusing solely on gold. A stronger USD often reduces the attractiveness of gold because this precious metal is valued in USD on the international market.
In addition, gold buying demand from central banks also shows signs of stagnation in the short term. According to the World Gold Council (WGC), the net buying volume of central banks in January decreased sharply compared to the average of the previous year.
However, Ms. Marissa Salim - Head of Asia-Pacific Regional Research at WGC - believes that the trend of accumulating gold reserves has not changed in the long term.
According to Ms. Salim, prolonged geopolitical tensions and fluctuations in the global financial system may still prompt countries to continue diversifying foreign exchange reserves in gold in the near future.
Economic data to be tracked this week
On Wednesday, ISM will announce the PMI of services, 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.
See more news related to gold prices HERE...
