Updated gold price at the end of session 6.5: All increased

Updated SJC gold price

As of 6:30 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 120.2-122.2 million/tael (buy in - sell out), an increase of VND 2.4 million/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 120.2-122.2 million VND/tael (buy - sell), an increase of 2.4 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 120.2-122.2 million VND/tael (buy - sell), an increase of 2.4 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at VND 119.8-122.8 million/tael (buy in - sell out), an increase of VND 3 million/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

9999 round gold ring price

As of 6:35 p.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 115-118 million VND/tael (buy - sell), an increase of 2.5 million VND/tael for buying and an increase of 3 million VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell), an increase of 2 million VND/tael for both buying and selling. The difference between buying and selling is 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 115.5-118.5 million VND/tael (buy in - sell out), an increase of 2 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

World gold price

At 6:35 p.m., the world gold price listed on Kitco was around 3,380.1 USD/ounce, up sharply by 66.2 USD/ounce.

Gold price forecast

Gold prices hit a two-week high on Tuesday, amid concerns about US President Donald Trump's new tax plan, investors seek gold as a safe haven asset. Along with that, the market is waiting for signals from the policy meeting of the US Federal Reserve (FED).

Gold prices started the week with a strong increase as investors returned to safe-haven assets to hedge against risks from Mr. Trump's tax policy concerns, said market strategist Yeap Jun Rong of IG.

President Trump announced on Sunday that he would impose a 100% tax on films produced abroad, and would announce a new tax on the pharmaceutical industry within the next two weeks. These signals cause instability for the global economic outlook.

The focus this week is the Fed meeting and Chairman Jerome Powell's speech on Wednesday, with expectations that the Fed will keep interest rates unchanged in the range of 4.25% - 4.50%. Any dovish signal from the Fed could further support gold prices, Rong said.

Goldman Sachs predicts that the Fed will not rush to cut interest rates, but predicts three cuts of 0.25 percentage points in July, September and October. Gold and non-interest-bearing assets are often benefited from a low-interest-rate environment, thanks to their role as a haven in the context of political and financial instability.