SJC gold bar price
As of 6:00 AM on July 11, Phu Quy Gold and Gems Group listed SJC gold bar prices at 146.6-149.9 million VND/tael (buying - selling), an increase of 1.3 million VND/tael on the buying side and an increase of 900,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.3 million VND/tael.
SJC gold bar price is listed by DOJI at the threshold of 146.9-149.9 million VND/tael (buying - selling), an increase of 900,000 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 prices are listed by Bao Tin Minh Chau at the threshold of 145-149 million VND/tael (buying - selling), an increase of 400,000 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 on July 11, Phu Quy Gold and Gems Group listed the price of gold rings at 145.5-148.8 million VND/tael (buying - selling), an increase of 500,000 VND/tael on the buying side and an increase of 300,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.3 million VND/tael.
DOJI listed gold ring prices at the threshold of 145-149 million VND/tael (buying - selling), an increase of 500,000 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 145-149 million VND/tael (buying - selling), an increase of 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 4 million VND/tael.
World gold price
At 10:25 PM on July 10, world gold prices were listed around the threshold of 4,102.3 USD/ounce, down 29.2 USD.
Gold price forecast
World gold prices are in a state of stalemate as investors balance between mixed signals from the US labor market, the monetary policy of the US Federal Reserve (Fed) and new geopolitical risks.
After the June jobs report showed that the recruitment rate in the US was slower than expected, gold received support as the market reduced concerns about the Fed's ability to continue to maintain tight monetary policy. New jobs increased lower than forecast, while jobs data from previous months were also adjusted down, showing that the labor market is showing signs of cooling down.
However, the minutes of the Fed's most recent meeting have made cautious sentiment return. Policymakers are still focusing on inflation risk, while US government bond yields remain high. 10-year term bond yields are currently around 4.5%, along with the still strong USD, creating certain pressure on gold prices due to reducing the attractiveness of non-performing assets.
Besides the monetary factor, developments in the Hormuz Strait area continue to be closely monitored by the market. Tensions related to sea transport activities and US-Iran relations are creating more demand for safe assets. However, investors currently do not assess the risk of complete disruption of this important energy transportation route, so the supporting impact on gold prices is still limited.
In the near future, the market will focus on new US inflation data, policy signals from the Fed and developments in the Middle East region. If inflation continues to cool down, thereby reducing pressure on real yields and the USD, gold prices may have more momentum to test higher resistance zones.
Technically, the 4,090-4,100 USD/ounce zone is playing an important supporting role for gold prices. If maintained in this area, the precious metal is likely to head towards the 4,160-4,200 USD/ounce zone. Conversely, if selling pressure increases and the price falls below the 4,000 USD/ounce mark, the market may face the risk of deeper correction.
In the current context, gold prices are likely to continue to fluctuate according to each group of economic and geopolitical information, instead of forming a clear up or down trend in the short term.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
