SJC gold bar price
As of 5:00 PM, SJC gold bar prices were listed by DOJI at 149.2-153.2 million VND/tael (buying - selling), down 3.8 million VND/tael on the buying side and down 2.8 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 150.8-153.8 million VND/tael (buying - selling), down 2.2 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 149.2-153.2 million VND/tael (buying - selling), down 3.8 million VND/tael on the buying side and down 2.8 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
9999 gold ring price
As of 5:00 PM, DOJI listed the price of gold rings at 149.2-153.2 million VND/tael (buying - selling), down 3.8 million VND/tael on the buying side and down 2.8 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 150.8-153.8 million VND/tael (buying - selling), down 2.2 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 149.2-152.7 million VND/tael (buying - selling), down 3.8 million VND/tael on the buying side and down 3.3 million VND/tael on the selling side. 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 4:55 PM, world gold prices were listed around the threshold of 4,463.9 USD/ounce, down 5.8 USD compared to the previous day.
Gold price forecast
World gold prices are under downward pressure in the context of investors being cautious about interest rate prospects and geopolitical developments in the Middle East.
Although gold is often seen as a safe haven asset during times of instability, the market is currently reacting more complicatedly as rising oil prices raise concerns about inflation, thereby strengthening the possibility of interest rates remaining high.
Mr. Nitesh Shah - commodity strategist at WisdomTree - said that when the negotiation process between the US and Iran does not go in the right direction, oil prices are often under pressure to increase. This may trigger concerns about inflation and increase the possibility of interest rates continuing to linger high, thereby disadvantaging gold. For non-performing assets like gold, a high interest rate environment often reduces the attractiveness of holding.
Another factor that prevents gold prices from recovering strongly is that investment demand is not really positive. Mr. Giovanni Staunovo - an analyst at UBS - said that the main reason for the weakening of gold prices is less active investment demand, while the US economy is still expanding at a relatively steady pace and inflation is trending upwards. US job data therefore continues to be an important variable, which may affect the monetary policy expectations of the US Federal Reserve (Fed).
From a longer perspective, some analysts believe that gold may still have room to adjust after a prolonged hot period of increase. History shows that after strong surges, gold prices often enter a period of accumulation or fall deeper before the long-term uptrend is resumed.
The recent increase was supported simultaneously by many factors such as central bank buying power, demand in China and India, and risk prevention sentiment. However, some of these drivers have shown signs of slowing down.
In the short term, gold prices are likely to continue to fluctuate strongly according to oil prices, interest rate expectations and US economic data. Investors need to be cautious with technical recovery, because if interest rates continue to remain high, gold may still be under downward pressure.
Gold price data is compared to the previous day.
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