SJC gold bar price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND116.8-118.8 million/tael (buy in - sell out); increased by VND300,000/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 116.8-118.8 million VND/tael (buy in - sell out); increased by 300,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 116.5-118.5 million VND/tael (buy in - sell out); increased by 800,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 116-118.8 million VND/tael (buy - sell); increased by 200,000 VND/tael for buying and increased by 300,000 VND/tael for selling. The difference between buying and selling prices is at 2.8 million VND/tael.
9999 gold ring price
As of 6:00 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 113.5-125.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael for buying and kept the same for selling. The difference between buying and selling prices is at 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 112.5-125.5 million VND/tael (buy in - sell out), an increase of 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
World gold price
The world gold price was listed at 0:00 on June 12 at 3,328.4 USD/ounce, down slightly by 1.5 USD.
Gold price forecast
Gold prices fluctuated after the release of the US key inflation report without any new concerns. Silver prices recorded a slight decrease. August gold contract increased by 8.3 USD, to 3,352.1 USD/ounce. July delivery silver price decreased by 0.0342 USD, down to 36.3 USD/ounce.
The US consumer price index (CPI) report for May is considered the most important economic data of the week - showing that the CPI increased by 2.4% over the same period last year, in line with market expectations and compared to the increase of 2.3% in the April report.
The core CPI (excluding food and energy prices) increased by 2.8% over the same period, close to the market's forecast and equivalent to an increase of 2.8% in April. The report does not show any worrying future inflation risks and is seen as supporting a dovish stance on US monetary policy.
US stock indexes fluctuated in opposite directions or decreased slightly in the middle of the session in New York. Investors' sentiment has improved somewhat after the news that the US and China have reached a framework to restore trade relations after two days of negotiations in London.
Technically, bulls for August gold futures are still holding a solid near-term technical advantage. The next target for buyers is to close above last week's resistance level of $3,427.7/ounce. In contrast, the nearest target for sellers is to push prices below $3,250/ounce.
The first resistance level was today's peak of 3,382.3 USD/ounce, then 3,400 USD/ounce. First support was recorded at an overnight low of $3,335.4/ounce, followed by $3,325/ounce.
In outside markets, the USD index is falling. Nymex crude oil futures rose and traded around $66/barrel. The yield on the 10-year US Treasury note is currently at 4.43% and decreased slightly after the CPI report was not too hot.
Economic data to watch this week
Wednesday: US Consumer Price Index (CPI)
Thursday: US producer price index, weekly jobless claims
Friday: University of Michigan Consumer Psychology Index
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
