SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 162-165 million VND/tael (buying - selling), unchanged 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 prices were listed by Bao Tin Minh Chau at the threshold of 162-165 million VND/tael (buying - selling), unchanged in both buying and selling directions. 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 the threshold of 162-165 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed gold ring prices at the threshold of 162-165 million VND/tael (buying - selling), unchanged 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 the threshold of 162-165 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Gold and Gems Group listed gold ring prices at the threshold of 162-165 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 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 0:15 AM, world gold prices were listed around the threshold of 4,679.8 USD/ounce.
Gold price forecast
World gold prices continue to struggle below the psychological threshold of 4,700 USD/ounce in the context of the market closely monitoring US economic developments, especially inflation and consumer health.
According to the US Department of Commerce, retail sales in April increased by 0.5%, lower than the adjusted increase of 1.6% of the previous month but still in line with market expectations. Excluding car sales, the increase reached 0.7%. Meanwhile, the control data group - a factor directly included in GDP calculations - increased by 0.5%, slightly higher than forecast.
Although consumer data has not shown a clear weakening, many experts believe that this increase does not fully reflect the impact of inflation. Price escalation is putting pressure on actual spending, increasing the risk of an inflationary period in the US.
Some analysts believe that prolonged high inflation and slowing growth are creating difficulties for the US Federal Reserve (Fed). If the Fed continues to maintain high interest rates to control inflation, the economy may face more pressure. However, slow growth also makes the room to tighten monetary policy more limited.
Mr. Jim Wyckoff - senior analyst at Kitco - said that the gold market is maintaining an important support zone around 4,700 USD/ounce despite pressure from US bond yields and the strengthening USD. According to him, safe-haven sentiment is still present as investors worry about prolonged inflation and geopolitical risks have not cooled down.
In addition to economic factors, investors continue to monitor tensions related to the Hormuz Strait - the world's important oil transportation route. The International Energy Agency (IEA) warned that global oil supply is declining rapidly, raising concerns about energy prices rising sharply again. This could cause inflation to remain high longer, thereby directly affecting monetary policy and gold price trends.
In other developments, the number of initial jobless claims in the US last week increased to 211,000, higher than analysts' forecasts. This data shows that the labor market is beginning to show signs of slowing down, further supporting gold as investors expect the Fed to have difficulty maintaining tough policies for too long.
Technically, analysts assess that the 4,711-4,723 USD/ounce zone is an important resistance level for gold. If successfully surpassed, the precious metal may head towards the 4,774 USD/ounce mark. Conversely, the 4,686 USD/ounce zone continues to play the closest supporting role of the market.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
See more news related to gold prices HERE...
