SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged 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 is listed by Bao Tin Minh Chau at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged 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), unchanged 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 6:00 AM, DOJI listed the price of gold rings at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 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), unchanged 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), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
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 6:55 PM, world gold prices were listed around 4,713.7 USD/ounce, flat compared to the previous day.
Gold price forecast
In the context that world gold prices have just experienced a week of strong fluctuations, analysts believe that the market still maintains a positive trend thanks to expectations of cooling geopolitical tensions and weakening the USD.
According to experts, gold prices last week fluctuated in many opposite directions. At the beginning of the week, the precious metal was under pressure due to concerns about inflation due to rising oil prices causing US bond yields to rise, reducing the attractiveness of non-profit assets such as gold. However, the decline gradually slowed down as the market expected tensions in the Middle East not to escalate further.
From midweek, gold prices rebounded sharply and at one point surpassed the 4,700 USD/ounce mark thanks to the weakening USD and cooling bond yields. In addition, expectations of the possibility of the US and Iran reaching an agreement also contributed to easing concerns about inflation related to oil prices.
The latest survey by Kitco News shows that optimistic sentiment is returning to the gold market. Up to 64% of Wall Street experts surveyed predict that gold prices will continue to increase next week, while only 9% believe that prices will decrease. About 27% of the rest predict the market will move sideways.
Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold has shown remarkable recovery ability when it maintained the support zone around 4,500 USD/ounce before rebounding strongly.
He believes that the People's Bank of China (PBOC)'s gold buying activity during the price downward period continues to be an important supporting factor for the market. According to this expert, the nearest target for gold prices may be towards the 4,850 USD/ounce zone.
Alex Kuptsikevich - senior market analyst at FxPro - said that gold prices are trying to break the previous downward trend. He believes that if the current recovery momentum is maintained, the precious metal could completely return to the 4,900 USD/ounce zone next week.
Meanwhile, Sean Lusk - Co-Director in charge of trade risk prevention at Walsh Trading - said that the gold market still has a lot of room to increase in price in the medium and long term, although short-term pressure has not completely disappeared. According to him, the risk of inflation returning due to geopolitical tensions and the risk of supply chain disruption may cause the Fed to continue to maintain a cautious monetary policy, thereby supporting gold prices.
Next week, investors will focus on monitoring a series of important US economic data such as CPI, PPI, retail sales and weekly unemployment claims. This information could strongly affect the Fed's interest rate expectations, thereby directly impacting gold price movements.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
