SJC gold bar price
As of 6:30 PM, SJC gold bar prices were listed by DOJI at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 7.4 million VND/tael on the buying side and down 6.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 7.4 million VND/tael on the buying side and down 6.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 7.4 million VND/tael on the buying side and down 6.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
9999 gold ring price
As of 6:30 PM, DOJI listed gold ring prices at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 7.4 million VND/tael on the buying side and down 6.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 7.4 million VND/tael on the buying side and down 6.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 7.4 million VND/tael on the buying side and down 5.8 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
The buying - selling price difference of gold is at a very high level, around 5 million VND/tael, posing a risk of losses for investors.
World gold price
At 6:30 PM, world gold prices were listed around the threshold of 4,324.8 USD/ounce, down 3.2 USD compared to the previous day.
Gold price forecast
World gold prices are under great pressure as the market increases expectations that the US Federal Reserve (Fed) may maintain a tougher monetary stance for longer, even considering the possibility of raising interest rates if inflationary pressure returns.
The decline of precious metals is strengthened as US jobs data is more positive than forecast. This report reinforces the view that the US economy is still strong enough, while the labor market has not weakened sharply. This is a factor that makes investors reduce expectations that the Fed will soon ease monetary policy.
The yield of 10-year US government bonds rising to the highest level in about 2 weeks also puts more pressure on gold. As yields rise, the opportunity cost of holding gold increases accordingly, because precious metals do not bring periodic cash flow like bonds or deposits.
Mr. Kelvin Wong - senior market analyst at OANDA - said that gold prices fell mainly because the market began to more clearly assess the possibility of the Fed maintaining its "hawkish" view. According to him, rising US bond yields are one of the factors putting direct pressure on the precious metal.
In addition to the interest rate factor, tensions in the Middle East also make the market picture more complicated. Oil prices rose sharply after new military developments in this region, raising concerns that inflation may heat up again. In that context, although gold is still considered a safe haven asset, it is disadvantaged if the market believes that the Fed must keep interest rates higher for longer to control prices.
The latest survey by Kitco News shows that the psychology of Wall Street analysts has clearly shifted to negative. Among the 15 experts surveyed, 11 people, equivalent to 74%, predict that gold prices will continue to fall this week. Only 2 experts believe that gold prices may increase, while the other 2 believe prices will remain flat.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold prices are signaling weakness after US jobs data is better than expected and bond yields increased, pulling prices below the 200-day moving average. According to this expert, the May bottom around 4,367 USD/ounce is the next noteworthy technical milestone.
Gold price data is compared to the previous day.
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