SJC gold bar price
As of 6:40 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 117.8-120.3 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.5 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 117.8-120.3 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.8-120.3 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.5 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at 117-120 million VND/tael (buy - sell), the difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:40 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 115-117 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 114-117 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
World gold price
The world gold price was listed at 6:42 at 3,446.2 USD/ounce, up 15.7 USD/ounce compared to a day ago.
Gold price forecast
Mr. Michael Brown - Senior Research Strategist at Pepperstone, said he is still optimistic about gold, even as the current risk offset is starting to decrease. He said long-term structural factors still support higher gold prices.
Overnight developments once again highlight why gold deserves to be in portfolios as a hedge against the current uncertainty. I still like gold to increase from here, especially as reserve asset distributors continue to diversify their holdings, he said.
Meanwhile, Michele Schneider - Director of Market Strategy at Market Gauge said investors should prepare for volatility this week as traders take a profit day from the recent price increase. However, she also said that despite the possibility of disruption, both gold and silver still maintain a long-term uptrend.
The story of the Middle East could trigger higher inflation and other negative issues. So we can reach a peak, but I don't predict a peak right now," she said.
The conflict between Israel and Iran could keep gold above $3,400 an ounce, but it will not push prices higher without further escalation. We have seen many geopolitical events causing gold prices to increase temporarily over the past three years, but all have had difficulty maintaining high prices," said Ole Hansen, Head of Commodity Strategy at Saxo Bank.
Economic data to watch this week
Monday: Empire State Production Survey, monetary policy meeting of the Bank of Japan.
Tuesday: US retail sales.
Wednesday: US weekly jobless claims, groundbreaking of US housing construction, US Federal Reserve monetary policy meeting.
Thursday: US market closed for Juneteenth, Swiss National Bank monetary policy meeting, UK Central Bank monetary policy meeting.
Friday: Philly FED Production Survey.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
