SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at 142.9-145.9 million VND/tael (buying - selling), an increase of 9.5 million VND/tael on the buying side and an increase of 7.5 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 142.4-145.4 million VND/tael (buying - selling), an increase of 8.7 million VND/tael on the buying side and an increase of 6.7 million VND/tael on the selling side. 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 142.4-145.4 million VND/tael (buying - selling), an increase of 9 million VND/tael on the buying side and an increase of 7 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at 143-146 million VND/tael (buying - selling), an increase of 9.6 million VND/tael on the buying side and an increase of 7.6 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 142.4-145.4 million VND/tael (buying - selling), an increase of 8.7 million VND/tael on the buying side and an increase of 6.7 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 142.4-145.4 million VND/tael (buying - selling), an increase of 9 million VND/tael on the buying side and an increase of 7 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
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 2:45 AM, world gold prices were listed around 4,203.8 USD/ounce, up 77.9 USD/ounce compared to the previous day.
Gold price forecast
World gold prices are in a state of stalemate as the market simultaneously receives many mixed signals. On the one hand, expectations of cooling down US-Iran tensions have caused oil prices to fall sharply, thereby easing concerns about inflation due to energy. On the other hand, inflation data in the US remains at a high level, continuing to make investors cautious about the monetary policy outlook of the US Federal Reserve (Fed).
Data released this week showed that the US consumer price index (CPI) in May increased by 4.2% compared to the same period last year, while the producer price index (PPI) increased by 6.5%. These figures show that inflationary pressure has not disappeared, making expectations of the Fed maintaining a cautious stance still a factor hindering gold's upward momentum.
However, the decline in oil prices partly helped the market reduce concerns about a new inflation shock. Brent oil at one point fell from near 93 USD/barrel to below 85 USD/barrel, before stabilizing around 87.5 USD/barrel. This development caused US bond yields to cool down, the USD weakened, and at the same time supported sentiment on the stock market.
However, gold has not yet formed a clear upward momentum. The reason is that information that reduces the risk of conflict is also weakening safe-haven demand. In that context, gold prices mainly fluctuate around the 4,200 USD/ounce range, waiting for new signals from inflation and monetary policy expectations.
Another factor that the market is paying attention to is the consumer psychology survey of the University of Michigan. The preliminary index for June reached 48.9 points, higher than the 44.8 points of May and exceeded the forecast by 46 points. Ms. Joanne Hsu - Director of Consumer Survey - said that people's psychology improved thanks to the cooling of gasoline prices at the beginning of the month, but consumers are still worried that price pressure may last.
According to Ms. Joanne Hsu, inflation expectations in the next year decreased from 4.8% to 4.6%, but are still high. Long-term inflation expectations also decreased from 3.9% to 3.4%, but are still higher than the 2.8-3.2% range recorded in 2024.
Technically, the 4,250-4,350 USD/ounce zone is considered a near resistance for gold prices. If it passes this zone, the precious metal may head towards 4,500 USD/ounce. Conversely, if it falls below 4,104 USD/ounce, selling pressure may pull gold prices back to the 4,000 USD/ounce zone.
Gold price data is compared to the previous day.
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