SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 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 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 169.5-172.2 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
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 5:43 AM, world gold prices were listed around the threshold of 4,747.2 USD/ounce.
Gold price forecast
After a week of strong fluctuations, analysts believe that world gold prices in the short term still have a chance to rise, although market sentiment is not completely stable. The cooling down of tensions related to Iran helps reduce selling pressure, while opening up expectations that cash flow will return to the precious metal.
The latest survey results with Wall Street experts show that optimistic trends are prevailing. Among the 14 participating experts, 7 people predict gold prices will increase next week, 2 people predict a decrease and 5 people think the market may move sideways. In the group of individual investors, positive sentiment also prevailed when 32/51 respondents expected gold prices to rise next week.
However, many opinions suggest that investors should not only see gold as an absolute shelter from geopolitical risks. Mr. Tai Hui - Chief Market Strategist for Asia-Pacific region of JP Morgan Asset Management - said that gold is not always effective as a risk hedging tool.
According to him, the correlation between gold and stocks and other risky assets is often unstable, so the increase or decrease in gold prices during geopolitical events is often only temporary.
From a longer-term perspective, JP Morgan still maintains a positive view on gold. Ms. Kriti Gupta - CEO of J.P. Morgan Private Bank - and Mr. Justin Biemann - Global Investment Strategist - believe that gold is still supported by many fundamental factors such as the weakening USD, US interest rate expectations, inflationary pressure and the need to diversify reserves from central banks.
Thus, in the coming week, gold prices may continue to fluctuate strongly according to US economic information and geopolitical developments, but the price level is still being supported by expectations of monetary policy easing and long-term holding demand. With the current context, gold is likely still a noteworthy investment asset, but investors need to be cautious in the face of short-term fluctuations.
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...
