SJC gold bar price
As of 7:45 PM, SJC gold bar prices were listed by DOJI at the threshold of 138.8-143.8 million VND/tael (buying - selling), unchanged in both directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 139-144 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both directions. 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), unchanged in both directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
9999 gold ring price
As of 7:45 PM, DOJI listed gold ring prices at the threshold of 138.8-143.8 million VND/tael (buying - selling), unchanged in both directions. 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 139-144 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both directions. 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), unchanged in both directions. 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 7:45 PM, world gold prices were listed around the threshold of 4,339.9 USD/ounce, up 15.1 USD compared to the previous day.
Gold price forecast
World gold prices are in a state of stalemate after a sharp decline last weekend. After the strongest plunge since March, the market has not shown enough buying power to confirm the bottom zone, but selling pressure is no longer too strong. This development shows that investors are cautious, waiting for more signals from US economic data this week.
The focus of the market is currently the US consumer price index (CPI) report for May, expected to be released on June 11, followed by the producer price index (PPI). These are the last important inflation data before the policy meeting of the US Federal Reserve (Fed) taking place on June 16-17.
In the context that Fed officials have entered a period of silence before the meeting, upcoming inflation data will play a major role in shaping interest rate expectations. If the CPI is higher than forecast, pressure on gold may increase as the market strengthens the Fed's ability to maintain a tough stance. Conversely, cooling inflation data may help gold prices regain momentum in the short term.
According to CME Group's FedWatch tool, the possibility of the Fed keeping interest rates unchanged at the upcoming meeting is very high. However, the market is also starting to consider a scenario where interest rates may increase again at the end of the year. This is a disadvantage for gold, because the precious metal does not yield yields and is often under pressure when interest rates are high.
Mr. Ole Hansen - an analyst at Saxo Bank - said that gold prices have stabilized again after two sharp declines, but expectations of US interest rates continuing to rise still create a difficult environment for the precious metal. According to him, US CPI data and the Fed meeting in mid-June will be key factors dominating the price trend in the short term.
From a technical perspective, the fact that gold prices closed below the 200-day moving average is seen as a negative signal. Citi's analysis team believes that breaking this important support level could open up further downward risks in the short term.
However, gold still receives some support from safe-haven demand as geopolitical risks have not yet completely subsided. In the near future, gold prices are likely to continue to fluctuate strongly according to US inflation data, interest rate expectations and developments at the Fed meeting.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
