SJC gold bar price
As of 5:30 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 180.8-183.8 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 180.8-183.8 million VND/tael (buying - selling), down 900,000 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 181-183.8 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 900,000 VND/tael on the selling side. The difference between buying and selling prices is at 2.8 million VND/tael.
9999 gold ring price
As of 5:30 PM, DOJI Group listed the price of gold rings at 180.8-183.8 million VND/tael (buying - selling), down 900,000 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 the threshold of 180.8-183.8 million VND/tael (buying - selling), down 900,000 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 Gold and Gems Group listed the price of gold rings at the threshold of 180.8-183.8 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
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 5:30 PM, world gold prices were listed around the threshold of 5,084.6 USD/ounce, down 64.8 USD.
Gold price forecast
World gold prices are under adjustment pressure after a period of strong increase before, as the USD rebounded and US bond yields rose. This development has caused many investors to temporarily switch to holding cash, thereby putting downward pressure on the precious metal.
According to experts, the recent decline mainly comes from changes in market sentiment. As the USD strengthens, gold - valued in USD - becomes more expensive for investors holding other currencies. At the same time, rising US Treasury bond yields also reduce the attractiveness of gold because the precious metal does not yield yields.
Mr. Bob Haberkorn - senior market strategist at RJO Futures, said that the trend of investors switching to holding cash is one of the main factors causing gold prices to fall sharply in the short term. However, he believes this adjustment may only be temporary, because the need to seek safe assets remains as geopolitical risks increase.
Tensions in the Middle East are a factor causing strong fluctuations in the global market. Concerns related to the risk of energy supply disruptions, especially when transportation through the Strait of Hormuz is affected, have pushed oil prices up. This increases inflationary pressure and forces the market to readjust expectations about the US Federal Reserve (Fed) cutting interest rates in the near future.
In the context that interest rates may remain at a higher level longer than expected, gold tends to face difficulties in the short term. However, many analysts still maintain a positive view of the precious metal in the medium and long term.
Metals Focus analysts believe that strong price increases due to geopolitical tensions usually do not last long, as investors gradually adapt to new risks. However, they still assess that gold still has room to increase in the remainder of the year thanks to the continued unstable global economic and political context.
According to this research group, if the conflict in the Middle East spreads or the global energy market is seriously disrupted, gold prices may completely return to testing previous peaks, even heading towards higher levels in the long term.
Gold price data is compared to the previous day.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
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