SJC gold bar price
As of 6:10 PM, Phu Quy Jewelry Group listed SJC gold bar prices at 146.5-150 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price is listed by DOJI at 147-150 million VND/tael (buying - selling), down 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 price was listed by Bao Tin Minh Chau at the threshold of 145.5-149.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 6:10 PM, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 146.5-149.5 million VND/tael (buying - selling), down 900,000 VND/tael for both buying and selling. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
DOJI listed the price of gold rings at 147-150 million VND/tael (buying - selling), down 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 gold ring prices at the threshold of 145.5-149.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
World gold price
At 6:10 PM, world gold prices were listed around the threshold of 4,132 USD/ounce, down 17.9 USD compared to the previous day.
Gold price forecast
Gold prices are entering a period of fluctuation as supporting and pressing factors coexist. In the short term, the direction of the precious metal is forecast to continue to depend heavily on US monetary policy, the diễn biến of the USD and bond yields.
The recovery of the USD is putting certain pressure on gold prices, while US economic data still sends mixed signals. Service activities continue to expand, the labor market shows signs of slowing down but price pressure is still high. This context makes investors more cautious when assessing the possibility of the US Federal Reserve (Fed) changing its interest rate policy in the coming months.
The focus of the market is currently new signals from the Fed. Investors will closely monitor the views of policymakers on inflation, the job market and the necessary conditions for this agency to adjust interest rates. When the policy orientation is not clear, gold prices may continue to fluctuate strongly around important support and resistance areas.
However, some experts believe that the strongest selling pressure on gold may have receded. Mr. Ole Hansen - Head of Commodity Strategy at Saxo Bank - said that the market is gradually shifting from the position liquidation phase to cautious accumulation and forming a new balanced price range.
According to Mr. Hansen, the fact that gold maintains a support zone below 4,000 USD/ounce shows that demand still exists. However, surges to nearly 4,200 USD/ounce continuously face selling pressure, reflecting investors' cautious sentiment after a long period of adjustment. The process of creating a sustainable bottom may therefore take more time.
Regarding the medium-term outlook, Saxo Bank experts believe that gold will be supported if inflationary pressure continues to cool down and monetary tightening expectations weaken. At that time, the USD and US bond yields may decrease, thereby creating a more favorable environment for precious metals.
In the opposite direction, gold prices still face risks if inflation persists, forcing the Fed to maintain a tough monetary policy longer than expected. Therefore, in the short term, the market is likely to continue to accumulate and wait for a signal strong enough to establish a clearer trend.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
