SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 180.1-183.1 million VND/tael (buying - selling), an increase of 500,000 VND/tael 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 price was listed by Bao Tin Minh Chau at the threshold of 180.1-183.1 million VND/tael (buying - selling), an increase of 500,000 VND/tael 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 180.1-183.1 million VND/tael (buying - selling), an increase of 500,000 VND/tael 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 Group listed the price of gold rings at the threshold of 180.1-183.1 million VND/tael (buying - selling), an increase of 500,000 VND/tael 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 179.6-182.6 million VND/tael (buying - selling), down 400,000 VND/tael 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 the price of gold rings at 180-183 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Currently, 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 0:05 AM, world gold prices were listed around the threshold of 5,004.8 USD/ounce, up 9.8 USD/ounce compared to the previous day.
Gold price forecast
According to Kitco, world gold prices are currently still fluctuating around the 5,000 USD/ounce threshold in the context of the market being interspersedly affected by geopolitical tensions and macroeconomic factors. Although the conflict in the Middle East has not shown signs of cooling down, the precious metal has not yet been able to break through as the USD maintains relative strength.
Experts believe that gold's upward momentum is being restrained by high US bond yields and weakening expectations of interest rate cuts. Oil prices rising sharply above 95 USD/barrel continue to raise concerns about inflation, forcing the US Federal Reserve (FED) to maintain a cautious monetary policy longer than expected.
Mr. Carsten Fritsch - commodity analyst at Commerzbank said that the market has significantly adjusted expectations for policy easing. "By the end of last week, the market no longer valued the FED's ability to cut interest rates this year. About 50 basis points of cut expectations have been eliminated since the conflict broke out," he said. In that context, capital is also withdrawing from gold ETFs, creating more pressure on prices.
From another perspective, Mr. Daniel Pavilonis - senior commodity broker at RJO Futures believes that the developments of gold currently depend heavily on bond yields and the energy market.
As long as yields continue to rise, gold and silver will continue to be under downward pressure," he said, while warning that precious metals could adjust further if the conflict drags on and oil prices continue to rise.
However, some experts still maintain a positive view in the long term. In case the conflict spreads or lasts longer than expected, safe-haven demand may return, supporting gold price recovery. In addition, potential risks in the global financial system, especially the US corporate credit market, are also considered factors that can promote cash flow to safe assets.
In general, in the short term, gold prices are forecast to continue to fluctuate in a narrow range as the market waits for more signals from the FED's policy and geopolitical developments.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
