SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at 149-151 million VND/tael (buying - selling), an increase of 1 million VND/tael on the buying side and an increase of 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 2 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 149-151.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 149.5-151.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at 150-152 million VND/tael (buying - selling), an increase of 2 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 149-151.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 148.5-151.5 million VND/tael (buying - selling), an increase of 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.
The buying - selling price difference of gold is showing signs of decreasing, from 3 million to about 2 to 2.5 million VND/tael.
World gold price
At 1:05 AM, world gold prices were listed around the threshold of 4,340 USD/ounce, up 18.2 USD/ounce compared to the previous day.
Gold price forecast
World gold prices continue to maintain the recovery momentum after a strong increase at the beginning of the week, in the context that many macroeconomic factors are creating more support for the precious metal.
Although safe-haven demand has somewhat cooled down as US-Iran tensions show signs of easing, gold prices are still supported by the decline in US bond yields, falling oil prices and negative signals from the US economy.
Newly released data shows that the US housing sector continues to weaken. According to the US Department of Commerce, the number of houses started in May decreased by more than 15%, to 1.18 million units per year, significantly lower than experts' forecasts.
Construction activity also decreased by 8.9% compared to the same period last year. In addition, the number of construction permits - an indicator for future construction activities - also decreased slightly, showing that the housing market is unlikely to recover strongly in the coming months.
Mr. Jeffrey Roach - Chief Economist at LPL Financial - said that the weakening of housing construction activity may continue to put pressure on US GDP growth in the second quarter. According to him, although monthly data often fluctuates, this decrease is quite strong. Housing investment once dragged down GDP growth in the first quarter and may continue to be a drag in the second quarter.
In that context, gold still attracts stable buying power. Oil prices fell after information emerged that the US and Iran reached a preliminary agreement to cool down the conflict, reopen the Strait of Hormuz and continue negotiations. This development helps reduce inflationary pressure, thereby supporting expectations that the US Federal Reserve (Fed) has more room to ease policy in the near future.
However, gold price outlook still largely depends on the Fed's policy meeting. The market not only pays attention to interest rate decisions, but also closely monitors the interest rate forecast chart and the Fed's message on monetary policy direction for the rest of the year.
Technically, buying power is still dominant in the short term. If gold prices exceed the important moving average again, the precious metal may head towards the 4,600 USD/ounce zone. Conversely, if it loses the support level of 4,200 USD/ounce, gold prices are at risk of returning to the 4,000 USD/ounce zone test.
Gold price data is compared to the previous day.
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