SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 145-148.4 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at 3.4 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 145.4-124.4 million VND/tael (buying - selling), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 143-147 million VND/tael (buying - selling), down 2 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 6:00 AM, Phu Quy Jewelry Group listed the price of gold rings at the threshold of 143.5-147 million VND/tael (buying - selling), down 1.8 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
DOJI listed gold ring prices at 143-146.8 million VND/tael (buying - selling), down 2 million VND/tael on the buying side and down 2.2 million VND/tael on the selling side. The difference between buying and selling prices is at 3.8 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at 143-147 million VND/tael (buying - selling), down 2 million VND/tael in both directions. The difference between buying and selling prices is at 4 million VND/tael.
World gold price
At 7:00 AM, world gold prices were listed around the threshold of 4,002.2 USD/ounce, down sharply by 117.2 USD.
Gold price forecast
World gold prices are under adjustment pressure as tensions in the Middle East continue to strongly impact market sentiment. The risk of disruption of oil transportation through the Strait of Hormuz is causing oil prices to rise, leading to concerns about inflation returning and reducing expectations that the US Federal Reserve (Fed) will soon ease monetary policy.
New developments in the energy market are creating a two-way impact on gold. On the one hand, geopolitical tensions often boost the demand for safe-haven assets. However, on the other hand, sharp oil prices may increase inflationary pressure, causing US bond yields to remain high and the USD to strengthen. These are unfavorable factors for the precious metal.
After the US June jobs report and the Fed policy meeting minutes, expectations for the interest rate adjustment roadmap have changed. Although the labor market shows some signs of slowing down as the number of new jobs increased lower than forecast and data from previous months was adjusted down, inflation risk is still a factor that makes the Fed more cautious in policy decisions.
Currently, investors are focusing on monitoring important economic data to be released soon, especially the US consumer price index (CPI) report and statements from Fed officials. If inflation data shows a downward trend, expectations of the Fed reducing interest rates may increase, creating momentum to help gold prices recover.
Technically, gold prices are facing downward pressure in the short term as they have not yet crossed the important resistance zone around 4,091-4,107 USD/ounce. If it crosses this zone, the precious metal may head towards the 4,140 USD/ounce zone. Conversely, if it loses the support level of 4,000 USD/ounce, gold prices are at risk of retreating to the 3,959-3,942 USD/ounce zone.
In the short term, the gold market is likely to continue to fluctuate strongly as investors balance two factors: safe-haven demand in the face of geopolitical instability and pressure from inflation, US bond yields. The diễn biến of oil prices and new signals from the Fed will be decisive factors in the next direction of the precious metal.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
