SJC gold bar price
As of 6:00 AM on June 10, 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 6:00 AM on June 10, 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 11:00 PM on June 9, world gold prices were listed around the threshold of 4, 273.9 USD/ounce, down 68.1 USD/ounce compared to the previous day.
Gold price forecast
World gold prices are under great pressure as a series of US economic data shows that the economy still maintains good resilience. This development reduces expectations about the possibility that the US Federal Reserve (Fed) will soon ease monetary policy, thereby causing the USD and bond yields to continue to put pressure on the precious metal.
One of the new factors affecting the market is a more stable signal from the US housing sector. According to the US National Association of Realtors (NAR), existing home sales in May increased by 3.2%, reaching an annual rate of 4.17 million units, higher than analysts' forecasts.
This data shows that housing demand is improving, in the context of increased people's incomes and better affordability.
Mr. Lawrence Yun - Chief Economist of NAR - said that the increase in home sales to the highest level since December is a positive sign for the housing market and the US economy. According to him, although mortgage interest rates edged up compared to the beginning of the year, this level is still lower than the same period last year and close to the long-term average.
Positive economic data makes it difficult for gold to attract new buying power. Previously, the precious metal had been under pressure after breaking some important technical thresholds.
Mr. Fawad Razaqzada - market analyst at FOREX. com - said that the technical picture of gold has deteriorated significantly after last week's sell-off. The fact that the price could not maintain above the 4,500 USD/ounce range and fell below the 200-day moving average may open up a risk of deeper correction.
According to this expert, the next notable support zone for gold is around 4,230 USD/ounce. If selling pressure continues to prevail, gold prices may retreat to the 4,100 USD/ounce zone, even the psychological level of 4,000 USD/ounce cannot be ruled out.
In the short term, the market will focus on the US consumer price index (CPI) report. If inflation continues to be higher than forecast, the expectation that the Fed will keep interest rates at a high level for a long time may be strengthened, thereby adversely affecting gold.
However, some experts believe that the medium and long-term outlook for gold has not changed. The gold buying demand of central banks, the trend of diversifying reserves, high public debt and geopolitical instability are still important supporting factors.
Therefore, although gold prices still face short-term adjustment risks, investors still need to closely monitor US economic data and avoid chasing purchases when the market fluctuates strongly.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
