SJC gold bar price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 115.7/17.7 million/tael (buy - sell); increased by VND 800,000/tael for buying and increased by VND 500,000/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 115.7-117.7 million VND/tael (buy - sell); increased by 800,000 VND/tael for buying and increased by 500,000 VND/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 115.7-117.7 million VND/tael (buy - sell); increased by 800,000 VND/tael for buying and increased by 500,000 VND/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 115-117.7 million VND/tael (buy in - sell out); increased by 500,000 VND/tael in both directions. The difference between buying and selling prices is at 2.7 million VND/tael.
9999 gold ring price
As of 6:00 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 112.5-124.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling prices is at 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 113.3-116.3 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 111.3-114.3 million VND/tael (buy in - sell out), an increase of 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
World gold price
The world gold price was listed at 0:30 at 3,332.4 USD/ounce, up 17.6 USD.
Gold price forecast
Gold prices increased as the US dollar weakened as US-China trade talks to prepare for tensions were underway.
The market started the new week with a narrow range and two-way trading. The precious metal is on a break as there are no new notable fundamentals. Silver prices increased sharply and continued to set a new peak over the past 13 years.
August gold contract is currently up 3.8 USD, up to 3,350.3 USD/ounce. July delivery silver price increased by 0.621 USD, to 36.76 USD/ounce.
US and Chinese trade officials met in London today. US President Donald Trump said the negotiations should go very well.
Technically, August gold buyers are still holding the overall technical advantage in the short term. The next target for buyers is to close the session above the threshold of 3,427.7 USD/ounce. The target for the sellers is to push the price below 3,250 USD/ounce.
The immediate resistance is $3,353.5 an ounce, followed by $3,375 an ounce. The most recent support is $3,313.1/ounce, followed by $3,300/ounce.
In outside markets, the USD index depreciated. Nymex crude oil futures edged up slightly, trading around $64.75/barrel. The yield on the 10-year US government bond is currently around 4.5%.
Economic data to watch this week
Wednesday: US Consumer Price Index (CPI)
Thursday: US producer price index, weekly jobless claims
Friday: University of Michigan Consumer Psychology Index
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
