SJC gold bar price
As of 7:55 PM, SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 170.1-173.1 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 1.4 million VND/tael on the selling side. 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 170.1-173.1 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 1.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 7:00 PM, Bao Tin Minh Chau listed the price of gold rings at the threshold of 168.1-171.1 million VND/tael (buying - selling), down 1.4 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 Gold and Gems Group listed the price of gold rings at 169.9-172.9 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 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 7:55 PM, world gold prices were listed around the threshold of 4,675.2 USD/ounce, almost flat compared to the previous day.
Gold price forecast
Gold prices are forecast to continue to remain high in the context that the global financial market is still affected by safe-haven demand and geopolitical fluctuations in the Middle East. In the first trading session of the day in the US, gold and silver prices both increased slightly, mainly thanks to technical signal buying and investor defensive sentiment.
This development shows that gold is still being supported by cautious sentiment in the international market. Tensions in the Middle East have not shown signs of completely cooling down, while concerns about risks to the energy supply chain continue to drive cash flow to safe assets.
Along with that, OPEC+ also issued a warning that any damage to energy infrastructure in the region could prolong the impact on oil supplies, thereby increasing global commodity price volatility.
In external markets, Nymex WTI crude oil is currently slightly decreasing but still hovering around the 110 USD/barrel mark. The USD index weakened slightly, while the yield of 10-year US Treasury bonds stood around 4.35%. These factors partly continue to create a favorable environment for gold prices, especially when the cooling down of the USD often helps the precious metal become more attractive to investors holding other currencies.
Technically, Kitco expert Jim Wyckoff believes that gold buyers still have a certain advantage, but the market has not formed a clear breakthrough trend. According to him, the next price increase target for gold is to conquer the strong resistance zone of 5,000 USD/ounce. In the opposite direction, if the price falls below the important support level of 4,300 USD/ounce, adjustment pressure may increase in the short term. Some near resistance levels are recorded at 4,750 USD/ounce and 4,825.9 USD/ounce.
In the short term, gold prices are likely to fluctuate strongly according to geopolitical developments, the USD and the trend of US bond yields. However, when risk hedging sentiment is still present, this precious metal commodity still has a basis to remain in the high price range.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
