Updated SJC gold price
As of 6:30 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND97.1-100.1 million/tael (buy in - sell out), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 97.1-100.1 million VND/tael (buy in - sell out), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 97.3-100.1 million VND/tael (buy - sell), an increase of 100,000 VND/tael for buying and kept the same for selling. The difference between buying and selling prices is at 2.8 million VND/tael.
9999 round gold ring price
As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI is listed at 96.7-100.1 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling is at 3.4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 97.6-100.3 million VND/tael (buy - sell), down 100,000 VND/tael for buying and down 200,000 VND/tael for selling. The difference between buying and selling is 2.7 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed to an excessively high level, causing risks for individual investors to increase.
In the context of many fluctuations in the world gold market, the large difference between buying and selling in the domestic market is a clear warning sign. If gold prices turn down, buyers will face a huge loss. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
As of 10:25 p.m., the world gold price was listed at 3,042.5 USD/ounce, up 5.7 USD.
Gold price forecast
Financial markets around the world continued to fall sharply after US President Donald Trump announced a new tariff strategy last Wednesday.
This unprecedented sell-off has seriously affected the stock, commodity and precious metals markets, raising concerns about the stability of the global economy.
The S&P 500 index recorded a record decline in two days after the US announced tariffs, recording the capitalization of aviation companies of more than 4,000 billion USD, surpassing the 3,300 billion USD lost in March 2020.
In another development, China has announced an additional 34% tax rate on imports from the US, causing investors to worry that a global trade war has really begun.
Federal Reserve Chairman Jerome Powell said at a conference in Virginia that the current economic outlook is extremely uncertain. Mr. Powell said the Fed will be cautious and wait until there is a clearer view before changing monetary policy. He affirmed that it is too early to give a specific direction.
Everett Millman - Analyst at Gainesville Coins believes that the main reason for the decline in gold is that investors sell to make up for losses from the stock market. He said that although gold is a safe haven, it is still dominated by the general trend of goods.
When commodities fall in prices en masse, gold and silver are also affected. Millman also said that in the early stages of the crisis, safe-haven assets such as gold were often sold in advance for money.
Kevin Grady - Chairman of Phoenix Futures and Options said the market is currently very chaotic, including with gold. He said many investors are selling profitable investments, such as gold, to collect cash to add funds for investments in stocks. When gold increased sharply, speculators who were impatient or low in capital jumped in to buy, and now they are also forced to sell.
Marc Chandler - CEO at Bannockburn Global Forex commented that gold is gradually losing its role as a safe haven asset in the eyes of individual investors when it is sold off in parallel with stocks, although the USD and bond yields are decreasing.
See more news related to gold prices HERE...
