SJC gold bar price
As of 5:25 PM, SJC gold bar prices were listed by DOJI at the threshold of 164.5-167.5 million VND/tael (buying - selling), an increase of 1.5 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 164.5-167.5 million VND/tael (buying - selling), an increase of 1.5 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 the threshold of 164.5-167.5 million VND/tael (buying - selling), an increase of 1.5 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.
9999 gold ring price
As of 5:25 PM, DOJI listed the price of gold rings at 164.5-167.5 million VND/tael (buying - selling), an increase of 1.5 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 the threshold of 164.5-167.5 million VND/tael (buying - selling), an increase of 1.5 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 the threshold of 164.3-167.3 million VND/tael (buying - selling), an increase of 1.3 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.
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 5:25 PM, world gold prices were listed around 4,731.1 USD/ounce, up 32 USD compared to the previous day.
Gold price forecast
World gold prices are recovering strongly as the market expects the US and Iran to reach a peace agreement in the near future. The weakening USD along with the decline in oil prices also creates more support for the precious metal.
According to analysts, the diễn biến of oil prices is becoming an important leading factor for the gold market. Mr. Fawad Razaqzada - an analyst at City Index - said that when oil prices fall, bond yields often go down because investors reduce expectations that central banks will continue to raise interest rates. This makes gold and silver more attractive.
Information from US President Donald Trump said positive progress in negotiations with Iran has plunged oil prices, while easing global inflation concerns. The USD also fell to its lowest level in more than two months, making gold cheaper for investors holding other currencies.
In addition to geopolitical factors, US economic data also supports the precious metals market. The ADP private sector jobs report shows that the US economy only created 109,000 jobs in April, lower than forecast. This information reinforces expectations that the US Federal Reserve (FED) may have to consider loosening monetary policy in the near future.
According to CME's FedWatch tool, the market has reduced expectations of the FED raising interest rates by the end of this year. US bond yields have therefore also cooled down, reducing the opportunity cost of holding gold.
In the latest report, Ms. Amy Gower - Morgan Stanley's commodity strategist - continues to maintain her forecast that gold prices could rise to around 5,200 USD/ounce by the end of this year. According to her, the gold market is currently more sensitive to monetary policy instead of just reacting to safe haven factors as before.
The impact of monetary policy is overwhelming the shelter role of gold" - Ms. Amy Gower said. However, this expert also warned that if the Middle East conflict lasts and causes inflation to remain high, the market may face the risk of interest rates hovering higher for longer, thereby putting pressure back on gold prices.
Another factor continuing to support gold prices is the buying activity of the Central Bank of China. This is the 18th consecutive month that this country has increased its gold reserves, showing that the demand for precious metals accumulation of central banks is still very strong in the context of a still volatile global economy.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
