SJC gold bar price
As of 5:06 PM, SJC gold bar prices were listed by DOJI at 163-166 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 163-166 million VND/tael (buying - selling), an increase of 1 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 163-166 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 5:06 PM, DOJI listed the price of gold rings at 163-166 million VND/tael (buying - selling), an increase of 1 million 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 163-166 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 163-166 million VND/tael (buying - selling), an increase of 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 5:06 PM, world gold prices were listed around 4,699.1 USD/ounce, a sharp increase of 146.9 USD compared to the previous day.
Gold price forecast
Although geopolitical tensions in the Middle East have not completely cooled down, world gold prices have rebounded sharply as concerns about inflation show signs of easing. The main driving force comes from the weakening of oil prices and the USD after positive signals related to negotiations between the US and Iran.
US President Donald Trump said Washington may temporarily suspend some escort operations across the Strait of Hormuz, as discussions towards a comprehensive agreement with Iran are progressing. This information helps alleviate some concerns about the risk of disruption to global energy supplies.
Mr. Kelvin Wong - senior market analyst at OANDA - said that gold prices were supported when oil prices fell due to the market reducing "geopolitical risk compensation". According to him, the fragile ceasefire between Iran and the US being maintained has helped stabilize investor sentiment.
However, this expert also warned that if tensions escalate again, the gold market may experience short-term profit-taking waves as speculators narrow their net buying positions.
The weakening USD is also an important factor supporting precious metals, as gold becomes more attractive to investors holding other currencies. Meanwhile, cooling oil prices help reduce inflationary pressure - a factor that once worried the market that the US Federal Reserve (FED) would maintain high interest rates for longer.
However, many experts believe that the FED is still not under enough pressure to cut interest rates soon. The newly released JOLTS report shows that the number of jobs recruited in the US decreased to 6.87 million positions in March, in line with market forecasts. Although this signal reflects that the labor market is gradually cooling down, it is not enough to force the FED to change its policy stance.
Investors are currently focusing their attention on the US non-farm payroll report to be released later this week to assess the health of the world's largest economy.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
Due to the impact of year-end position restructuring and market liquidity, the December gold futures contract is currently the most actively traded contract on the CME exchange.
See more news related to gold prices HERE...
