SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 143.5-147 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price is listed by DOJI at 144-147 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. 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 143-146.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 6:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 143.5-146.5 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
DOJI listed gold ring prices at 144-147 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 143-146.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
World gold price
At 0:00, the world gold price was listed around the threshold of 4,025.8 USD/ounce, up 2.4 USD.
Gold price forecast
In the context of volatile international financial markets, world gold prices are showing signs of recovery when recording a slight increase.
However, the breakthrough momentum of this precious metal is still restrained by the strength of the USD and US government bond yields, making gold currently traded as a asset sensitive to interest rates rather than a traditional safe haven channel.
According to technical analysis, experts believe that the important resistance zone that gold needs to overcome is in the range of 4,091 – 4,201 USD/ounce to confirm a clearer recovery trend.
If the sustainable upward momentum is maintained, the next target may aim at the threshold of 4,324 USD and further at 4,597 USD/ounce. Conversely, if selling pressure causes the price to break the 3,959 USD mark, gold is at risk of facing deeper corrections to the 3,900 USD/ounce zone.
Investor caution also comes from mixed economic data in the US. The consumer confidence index in June reached 91.2 points, lower than experts' forecasts. Although sentiment has slightly improved thanks to cooling oil prices, the labor market has seen "bottleneck" points.
Ms. Dana Peterson - Chief Economist at the Conference Board - shared: "Consumer confidence increased slightly in June as falling gasoline prices helped alleviate concerns about inflation. However, perceptions of the current labor market have weakened significantly as the percentage of consumers who believe jobs are "hard to find" has increased to the highest level since the beginning of 2021.
Currently, all the attention of investors is focused on the US June jobs report to be released at the end of the week. Due to the holiday in the US making market liquidity thinner than usual, experts warn of the risk of gold, USD and bond yields fluctuating sharply in the short term.
While tensions in the Strait of Hormuz remain unstable, gold currently only receives limited support from its risk insurance role, due to concerns about inflation and interest rate hike pressure from the Fed still dominating market sentiment.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
