Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND88-90.5 million/tael (buy - sell), down VND300,000/tael for buying and down VND800,000/tael for selling. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company is VND2.5 million/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 88.4-90.45 million VND/tael (buy - sell), down 450,000 VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling is at 2.05 million VND/tael.
DOJI Group listed the price of SJC gold bars at 88-90.5 million VND/tael (buy - sell), down 300,000 VND/tael for buying and down 800,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold has been adjusted down to 2.5 million VND/tael.
Price of round gold ring 9999
As of 6:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 87.8-90.4 million VND/tael (buy - sell); down 1.4 million VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling has decreased to 2.6 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 88.4-90.45 million VND/tael (buy - sell); down 450,000 VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling decreased from 2.4 million VND/tael to 2.05 million VND/tael.
World gold price
As of 0:00 on February 12, the world gold price listed on Kitco was at 2,902.2 USD/ounce, up 1.6 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices are anchored high amid a decline in the USD index. Recorded at 0:00 on February 12, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107.940 points (down 0.23%).
The rise in global gold prices was hampered by profit-taking by short-term futures traders. This came after gold prices hit a record high in the previous trading session. However, it would not be surprising if gold buyers jumped in early to catch the dip, with a bargain-hunting mentality. April gold futures fell $18.4 to $2,916 an ounce. March silver futures fell $0.656 to $31.835 an ounce.
Asian and European stocks were mixed in overnight trade. US indexes are expected to open weaker when trading in New York begins. Risk-off sentiment returned to markets on Tuesday.
According to Kitco - US President Donald Trump warned that tariffs on steel and aluminum "could go higher" after imposing a 25% tax on all imports of the two metals since March.
The European Union quickly responded, announcing tough countermeasures. While no exceptions were made for trading partners, Donald Trump said he might consider exempting Australia.
Federal Reserve Chairman Jerome Powell will testify on U.S. monetary policy before the Senate Banking Committee in Washington today. He will testify before the House Financial Services Committee tomorrow. Members of Congress are likely to ask questions about the impact of the Trump administration’s new tariffs on the U.S. economy.
Gold futures for April delivery remain in a strong short-term uptrend. On the daily chart, gold prices continue to rise, indicating that buyers are in control. If prices can break above the key resistance level at $3,000 an ounce, the uptrend could continue.
On the other hand, the bears will try to push the price below the strong support at $2,800/ounce to create bearish pressure. In the immediate future, the nearest resistance is at $2,938.1/ounce, followed by $2,950/ounce. The first important support is at $2,900/ounce, followed by this week's low at $2,879.9/ounce.
Major outside markets today saw Nymex crude oil futures rise and trade around $73.25 a barrel. The yield on the 10-year US Treasury note is currently at 4.521%.
Note: Article data compared with the same time of the previous trading session.
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