Updated SJC gold price
As of 5:50 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND98.8-101.3 million/tael (buy - sell), down VND700,000/tael for buying and down VND900,000/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
At the same time, DOJI Group listed the price of SJC gold bars at 98.8-101.3 million VND/tael (buy - sell), down 700,000 VND/tael for buying and down 900,000 VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 98.8-101.3 million VND/tael (buy - sell), down 700,000 VND/tael for buying and down 900,000 VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 round gold ring price
As of 5:50 p.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 98.5-101.3 million VND/tael (buy - sell); down 200,000 for buying and down 900,000 VND/tael for selling. The difference between buying and selling is listed at 2.8 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 98.8-101.3 million VND/tael (buy - sell); down 300,000 VND/tael for buying and down 1 million VND/tael for selling. The difference between buying and selling is 2.5 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed to an excessively high level, causing risks for individual investors to increase.
In the context of many fluctuations in the world gold market, the large difference between buying and selling in the domestic market is a clear warning sign. If gold prices turn down, buyers will face a huge loss. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
As of 5:50 p.m., the world gold price was listed at 3,112.3 USD/ounce, up 43.9 USD/ounce.
Gold price forecast
According to Reuters, gold prices fell on Friday as investors began reassessing the risk outlook after new tariffs announced by US President Donald Trump. Although this move brings more clarity about market trends, it raises concerns about the risk of economic recession.
Ilya Spivak - Head of Global Macro Strategy at Tastylive commented: "Gold often increases strongly during periods of uncertainty such as when war first broke out - but will gradually lose momentum as the market gradually evaluates related risks".
He added: The Trump administration has now chosen a direction. Although the market may not like it, at least the road ahead is clearer and more predictable, leaving gold no longer benefiting from market uncertainty."
According to Kelvin Wong, senior market analyst at OANDA, although Trump's announcement has somewhat eased uncertainty, the market still has many concerns that gold prices may continue to rise.
A series of new taxes from the White House administration increase the likelihood of the US falling into a state of stagflation. The world has not seen this period since the 1970s-1980s, so there will be more uncertainty in planning business strategies and implementing monetary policy to cope with slowing economic growth - a factor that makes gold an attractive preventative asset" - Wong said.
This expert also commented that if the US stock market continues to weaken, gold will further promote its role as a safe haven. Although gold was sold off strongly on Thursday, it is still performing better than the stock market.
Commodity analysts at TD Securities also predict that gold prices will continue to fluctuate strongly, although "there is an overbought price but few people hold it".
Currently, non-CTA fund managers are holding less gold than in March last year. Macro funds have continuously sold and shifted assets to the Chinese market, causing their holding position to fall to levels that we believe are currently lacking, although the price chart shows otherwise, they said.
Currently, the market is waiting for the US non-farm payrolls report to assess the possibility of changing the Fed's interest rate policy.
See more news related to gold prices HERE...
