SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 183.3-186.3 million VND/tael (buying - selling), down 900,000 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 183.5-186.3 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.8 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 183.5-186.3 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.8 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI Group listed the price of gold rings at 183.3-186.3 million VND/tael (buying - selling), down 900,000 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 183.3-186.3 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 183.1-186.1 million VND/tael (buying - selling), down 900,000 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 6:00 AM, world gold prices were listed around the threshold of 5.982 USD/ounce. Compared to the previous day, world gold prices decreased by 71.6 USD.
Gold price forecast
On the international market, gold and silver prices weakened, under pressure from the rise of the USD index and US Treasury bond yields. The strengthening USD along with the 10-year US bond yields maintained around 4.23% made the precious metal less attractive to investors.
In addition, Nymex crude oil prices increased to about 96 USD/barrel, also raising concerns that global inflation may increase, thereby putting pressure on economic growth prospects and demand for precious metals.
Notably, despite increasing geopolitical tensions related to the conflict in Iran – a factor that often drives safe-haven demand – gold and silver prices have not recorded significant increases.
According to experts, the fact that the market did not react strongly to supportive information shows that buying power in the market is weakening, as many investors have taken profits after the hot increase period before.
Technically, the April gold futures contract still maintains a certain advantage for buyers. The next upward target is to surpass the strong resistance zone at 5,434.10 USD/ounce - the peak of the previous week. Conversely, if the price falls below the important support level of 5,000 USD/ounce, the correction trend may be more pronounced.
In the short term, experts believe that the nearest resistance zone for gold is at 5,200 USD/ounce, followed by 5,248.7 USD/ounce. Meanwhile, important support levels are 5,100 USD/ounce and 5,000 USD/ounce respectively. Wyckoff's market technical rating index is currently at 7/10, showing that the upward trend still prevails but is facing certain adjustment pressure.
Gold price data is compared to the previous day.
The world gold and silver market operates based on two main pricing mechanisms. The first is the spot market, which quotes for immediate buying and selling and delivery. The second is the futures market, which determines the price for delivery at a time in the future.
Due to the year-end position adjustment and market liquidity factors, the December gold futures contract is currently the most actively traded contract on the CME exchange.
See more news related to gold prices HERE...
