SJC gold bar price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 123.2-124.4 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 1.2 million VND/tael.
DOJI Group listed at 123.2-124.4 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 1.2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 123.2-124.4 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 1.2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 122.2-124.4 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.2 million VND/tael.
9999 gold ring price
As of 6:00 a.m., DOJI Group listed the price of gold rings at 117.5-120 million VND/tael (buy in - sell out). The difference between buying and selling is 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 117.8-120.8 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 117-120 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
World gold price
The world gold price was listed at 6:00 a.m. at 3,397.6 USD/ounce.
Gold price forecast
The weekly gold survey of an international financial information platform shows that industry experts have returned to a strong state of optimism, while individual investors still maintain a positive view on the short-term prospects of gold.
This week, 10 analysts participating in a gold survey with Wall Street buyers regained their advantage after fluctuations and solid increases in gold prices during the week.
Six experts (equivalent to 60%) predict gold prices will continue to increase this week. Only one person (10%) predicted the price would decrease. The remaining three analysts (accounting for 30%) predict that gold prices will move sideways.
Meanwhile, Kitco's online survey received 188 votes, with the majority of Main Street investors remaining optimistic.
129 individual investors (69%) predict gold prices will increase this week; only 23 people (12%) see prices falling. The remaining 36 (19%), forecast prices will continue to accumulate this week.
Darin Newsom - senior market analyst at data company Barchart.com, predicted that gold prices will increase next week. Last week, world gold prices experienced many major fluctuations, especially in the last 2 trading days before information about gold import tax.
James Stanley, senior market strategist at a trading unit Forex.com, also predicted that gold prices will increase.
The $3,435/ounce level is a remarkable milestone... I think buyers are still controlling and prices could make a breakthrough. The more important level is $3,500/ounce, which was challenged in April.
I hope the next test will take place after a steady uptrend instead of a quick breakthrough. Because if prices increase too much, buyers may stagnate, said James Stanley.
Economic data to watch next week
Tuesday: RBA interest rate decision, US CPI in July, speeches by Barkin and Schmid (FED).
Wednesday: Speeches by Barkin, Bostic and Goolsbee (FED).
Thursday: US PPI July, US jobless claims.
Friday: US retail sales in July, New York Empire State Production Index, Michigan Consumer Confidence Index (preliminary estimate).
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
