SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 145.3-149 million VND/tael (buying - selling), an increase of 300,000 VND/tael on the buying side and an increase of 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.7 million VND/tael.
SJC gold bar prices were listed by DOJI at the threshold of 146-149 million VND/tael (buying - selling), an increase of 500,000 VND/tael 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 was listed by Bao Tin Minh Chau at the threshold of 144.6-148.6 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 6:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 145-148.5 million VND/tael (buying - selling), keeping the buying direction unchanged and increasing by 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
DOJI listed gold ring prices at the threshold of 144.5-148.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and keeping the selling side unchanged. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 144.6-48.6 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
World gold price
At 0:40 AM, world gold prices were listed around the threshold of 4,131.5 USD/ounce, up 69.4 USD.
Gold price forecast
Gold prices are regaining momentum after a strong correction, in the context that US economic signals continue to send mixed messages. The precious metal has maintained a support zone above 4,100 USD/ounce, while the latest data shows that the US housing market is still facing many difficulties.
Current home sales in the US in June fell 2.4% to 4.09 million units at a seasonally adjusted annual rate, lower than the 4.19 million units of the previous month. This result is contrary to market forecasts about the possibility of unchanged sales. After the data was released, spot gold prices at one point increased to nearly 4,134 USD/ounce, nearly 1.5% higher than during the day.
However, the short-term outlook for gold is still affected by US bond yields and the USD remaining at a high level. Minutes of the most recent meeting of the US Federal Reserve (Fed) show that policymakers are still divided on the direction of interest rates, in which half of members predict that at least one round of interest rate hikes may appear before the end of the year. This makes it difficult for gold to form a strong upward trend even though recent job data shows that recruitment rates are slowing down.
Geopolitical risks also continue to support safe haven demand. New tensions related to the US, Iran and transportation across the Strait of Hormuz are maintaining a cautious sentiment in the market. However, rising oil prices have also raised concerns about inflation, thereby pushing bond yields up and partly limiting gold's rally.
In the long term, drivers such as the central bank's demand for gold, geopolitical instability and concerns about public debt are still present. Notably, the rapid recovery of gold prices after falling below 4,000 USD/ounce shows that physical buying still plays an important supporting role.
In the coming time, investors will focus on monitoring US inflation data, labor market developments, Fed policy signals and tensions in the Hormuz Strait region. These factors are forecast to continue to determine whether gold prices will remain above the 4,100 USD/ounce range or enter a new wave of fluctuations.
Gold price data is compared to the previous day.
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