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
Gold prices this week are forecast by Wall Street analysts to lean towards a positive scenario, after the precious metal maintained its support zone and rebounded last week.
According to Kitco News' weekly gold survey, 11 Wall Street experts participating in the forecast, including 7 people, equivalent to 64%, predicted that gold prices would increase this week. Only 1 expert predicted a price decrease, and 3 people thought the market would move sideways. In the group of individual investors, 69% also expected gold prices to continue to rise.
Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold has maintained support around the 4,500 USD/ounce zone, then recovered as oil prices cooled down, bond yields fell and the USD weakened. According to him, the buying force of the People's Bank of China when gold prices adjusted is also a noteworthy signal. Chandler believes that the near target of gold prices may be the 4,850 USD/ounce zone.
However, the market still faces many variables. This week, investors will monitor a series of US economic data, including existing home sales, consumer price index CPI, producer price index PPI, retail sales, weekly unemployment claims and Empire State manufacturing survey. These data may strongly impact the Fed's interest rate expectations, thereby directly affecting gold prices.
Sean Lusk - co-director of trade risk hedging at Walsh Trading - said that the US jobs report has not created clear support for gold in the short term. According to him, if inflation is still under pressure from energy prices and geopolitical tensions, it is difficult for the Fed to soon ease monetary policy. This may put pressure on gold at some point.
However, Lusk still assesses that gold is having good support as each decline attracts buying power. He believes that if the stock market adjusts or economic risks increase, safe-haven demand may return to gold.
In addition to the interest rate factor, the demand for gold from central banks continues to be a long-term support. Gold accumulation activities to diversify reserves and reduce dependence on the USD are said to help limit deep declines in precious metals.
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...
