SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at 144-147 million VND/tael (buying - selling). The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at 144-147 million VND/tael (buying - selling). The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 144-147 million VND/tael (buying - selling). The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed gold ring prices at 144-147 million VND/tael (buying - selling). The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at 144-147 million VND/tael (buying - selling). 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 144-147 million VND/tael (buying - selling). 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 6:00 AM, world gold prices were listed around the threshold of 4,211.3 USD/ounce.
Gold price forecast
World gold prices entered a new trading week in a cautious state, as the market waits for a series of monetary policy decisions from major central banks, especially the meeting of the US Federal Reserve (Fed).
According to the latest weekly gold survey by Kitco News, Wall Street sentiment is quite hesitant. Among the 17 experts participating in the survey, 4 people, equivalent to 24%, predict gold prices will increase this week; 2 people, equivalent to 12%, believe prices will decrease; while 11 people, equivalent to 65%, choose to stand by and observe before the Fed issues new signals.
In the group of individual investors, the sentiment is somewhat more pessimistic after gold prices once retreated close to the 4,000 USD/ounce mark. Among 70 online survey participants, 39% expect gold prices to increase, 49% forecast prices to decrease and 13% believe that prices will remain flat this week.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold prices at one point fell to nearly 4,024 USD/ounce, the lowest level since November last year, before recovering to around 4,246.5 USD/ounce.
According to him, momentum indicators are in a tense state but have not really reversed. This expert believes that investors may consider increasing holdings if gold prices hit a new low.
In a more positive direction, Mr. Adrian Day - Chairman of Adrian Day Asset Management - believes that the possibility of gold prices bottoming out is increasing, although not sufficiently certain to confirm a strong recovery.
According to him, if Iranian tensions cool down, the USD may lose its role as a haven, while falling oil prices will help lower inflationary pressure and reduce expectations of interest rate hikes. This is a factor that could support gold prices.
However, adjustment risks are still present. Gold prices are being negatively affected by interest rate outlook, fluctuations in oil prices, the USD, and safe-haven demand. The sharp drop in crude oil due to expectations of a US-Iran agreement has supported risk psychology in the stock market, but at the same time reduced demand for holding gold as a safe asset.
Technically, the 4,194-4,250 USD/ounce zone is considered a near resistance for gold prices. If it stabilizes above this zone, the price may head towards higher levels around 4,446 USD/ounce. Conversely, if it breaks through the support zone of 4,104 USD/ounce, the precious metal is at risk of retesting the 4,023 USD/ounce area, even the psychological level of 4,000 USD/ounce.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
