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.
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 6:00 AM, world gold prices were listed around 4,713.7 USD/ounce, flat compared to the previous day.
Gold price forecast
Although the US labor market continues to send positive signals, gold prices still maintained an important support zone above the 4,700 USD/ounce mark thanks to geopolitical risk concerns and downward inflation expectations.
Closing the last session of the week, spot gold price was traded around 4,713.7 USD/ounce. Spot silver price increased more strongly, to 80.22 USD/ounce, up 2.57%.
The US April jobs report showed that the economy created 115,000 new jobs, while the unemployment rate remained at 4.3%. However, the preliminary consumer confidence index in May fell to 48.2 points, lower than the 49.8 points of the previous month. Inflation expectations in both the short and long term also simultaneously decreased.
Experts believe that the above data series is not enough to create strong momentum for the Fed to cut interest rates soon, but it also helps gold maintain its attractiveness in the context that investors are still looking for safe haven assets.
Weekly gold survey results show that both Wall Street analysts and individual investors are returning to place positive expectations on gold prices next week.
There are 11 experts participating in the Kitco News survey. There are 7 experts, equivalent to 64%, predicting that gold prices will continue to rise next week. Only 1 person, accounting for 9%, believes that gold prices may decrease. The remaining three experts, equivalent to 27%, predict that the market will enter a phase of accumulation or sideways.
Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold prices have recovered significantly after a sharp correction at the end of April. He believes that the nearest target for the precious metal may head towards the 4,850 USD/ounce zone thanks to the return of buying power from central banks, especially China.
Meanwhile, Sean Lusk - co-director of trade hedging at Walsh Trading - said that the market still faces the risk of prolonged inflation due to instability in the Middle East and supply chain disruptions. According to him, gold may still fluctuate in the short term, but it is still an attractive investment channel as the Fed is likely not to change monetary policy soon.
Technically, the near resistance zone of gold prices is around 4,780-4,790 USD/ounce. If this threshold is exceeded, gold prices may head towards the 4,860 USD/ounce mark in the near future.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
Due to the impact of year-end position restructuring and market liquidity, the December gold futures contract is currently the most actively traded contract on the CME exchange.
See more news related to gold prices HERE...
