SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 133.4-138.4 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 133.7-138.7 million VND/tael (buying - selling), down 1.3 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 133.4-138.4 million VND/tael (buying - selling), down 400,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 133.4-138.4 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 133.7-138.7 million VND/tael (buying - selling), down 1.3 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 133.4-138.4 million VND/tael (buying - selling), down 400,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
The buying - selling price difference of gold is at a very high level, around 5 million VND/tael, posing a risk of losses for investors.
World gold price
At 1:05 AM, world gold prices were listed around the threshold of 4,125.9 USD/ounce, down 148 USD/ounce compared to the previous day.
Gold price forecast
World gold prices are still under pressure as US inflation data is higher than expected, raising concerns that the US Federal Reserve (Fed) will maintain a tight monetary policy stance for a longer time.
The US producer price index in May increased by 1.1% compared to the previous month and 6.5% compared to the same period last year, the strongest annual increase since November 2022. Core inflation also increased by 0.4% monthly and 4.9% annually.
In that context, gold cannot clearly play a shelter role even though geopolitical tensions in the Middle East continue to escalate. US-Iran conflict causes oil prices to remain high, thereby increasing the risk of energy inflation. However, this factor also puts pressure on US bond yields and the USD to increase, creating a major drag on the precious metal.
According to some analysts, the gold market is currently not reacting strongly to weaker-than-expected job data. The number of initial jobless claims in the US increased to 229,000 claims in the week ending June 6, higher than forecast.
However, the labor market in general is still assessed as relatively stable after the positive May jobs report. This has not strengthened the expectation that the Fed will soon ease policy.
Technically, the 4,000 USD/ounce zone is being closely monitored by analysts. If this threshold is lost, gold prices may face further downward pressure towards deeper support zones.
Conversely, to improve the short-term trend, gold prices need to regain the resistance zone of 4,100-4,154 USD/ounce. When sustainably surpassing this zone, the next target may be around 4,194 USD/ounce, and further, 4,250 USD/ounce.
On the long-term support side, the gold buying demand of central banks is still an important support. The Central Bank of Georgia recently announced the purchase of 100 million USD of physical gold, in order to diversify reserves and hedge geopolitical risks and inflation. This agency believes that demand from the formal sector has low sensitivity to prices, thereby contributing to stabilizing the gold price level.
However, in the short term, gold prices still face many risks when high inflation, oil prices increase and bond yields are anchored in high levels. Investors are advised to be cautious, especially when the buying-selling spread in the country is large.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
