Updated SJC gold price
As of 6:00 a.m. on May 13, the price of SJC gold bars was listed by Saigon Jewelry Company at VND 117.2-119.2 million/tael (buy in - sell out), down VND 2.8 million/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 117.2-119.2 million VND/tael (buy in - sell out), down 2.8 million 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 117.2-119.5 million VND/tael (buy - sell), down 2.8 million VND/tael for buying and down 2.5 million VND/tael for selling. The difference between buying and selling prices is at 2.3 million VND/tael.
Phu Quy Gold and Gemstone Group listed the price of SJC gold bars at VND 116.19.2 million/tael (buy in - sell out), down VND 2.8 million/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 round gold ring price
As of 6:00 a.m. on May 13, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND112.5-115 million/tael (buy in - sell out), down VND2 million/tael in both directions. The difference between buying and selling prices is at 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 115-118 million VND/tael (buy - sell), down 2 million 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 113-116 million VND/tael (buy in - sell out), down 2 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 22:00 on May 12, the world gold price listed on Kitco was around 3,238.7 USD/ounce, down 85.1 USD/ounce.
Gold price forecast
Gold prices fell sharply, while silver futures also fell in the first trading session of the week in the US.
June gold contract decreased by 121.5 USD to 3,222.5 USD/ounce. July delivery silver price decreased by 0.469 USD to 32.445 USD/ounce.
Risk-off sentiment returned to the market after the news over the weekend that the world's two largest economies are making a positive progress in cooling down trade tensions.
Investor sentiment has become more positive after the US and China announced a temporary arrangement for a 10-day period, in which most of the tariffs on each other's goods will be cut.
This agreement is considered a breakthrough in reducing the escalation of long -term trade conflicts. The joint statement from the two countries stated: "After performing the above actions, the two sides will set up a dialogue mechanism to continue discussing economic and trade relations", with the participation of Chinese Deputy Prime Minister Ha Lap Phong, US Finance Minister Scott Bessent and US trade representative Jamieson Greer.
The Asian and European stock markets both increased last night. US stock indexes are expected to open up strongly in today's session in New York.
Technically, June gold buyers have lost their short-term technical advantage. The next upside target is to close above the resistance level of $3,350/ounce.
The downside target for the bears is to push prices below $3,200/ounce. The most recent resistance was 3,250 USD/ounce, followed by 3,275 USD/ounce. First support was the May low of $3,209.4 an ounce, then $3,200 an ounce.
External factors show that the USD index is rallying strongly and reaching a 4-week high. Nymex crude oil prices also increased sharply, currently trading around 63.25 USD/barrel. The yield on the US 10-year bonds is at 4.457%.
See more news related to gold prices HERE...
