SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at 160.5-163.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. 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 the threshold of 160.5-163.5 million VND/tael (buying - selling), unchanged 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 160.5-163.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at 160.5-163.5 million VND/tael (buying - selling), unchanged 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 160.5-163.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. 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 160.5-163.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. 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 4,539.2 USD/ounce.
Gold price forecast
World gold prices are entering a new trading week under great pressure from rising US bond yields, stronger USD and expectations of tighter monetary policy.
According to Kitco News' weekly gold survey, Wall Street sentiment has strongly leaned towards a negative scenario after gold prices did not maintain many important support zones.
Among the 13 experts participating in the survey, only 2 predicted gold prices would increase this week, while 10 thought prices would decrease and 1 predicted the market would move sideways.
Meanwhile, individual investors still maintain a more optimistic view. Kitco's online survey recorded 59% of Main Street investors expecting gold prices to increase this week, 14% forecasting a decrease and 28% saying prices will remain flat. This differentiation shows that the gold market is in a sensitive phase, as long-term supporting factors still exist but short-term pressure is increasingly apparent.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that interest rate hikes and the rising USD put strong pressure on gold last weekend. According to this expert, the 4,500 USD/ounce zone is a noteworthy level; if it is broken, gold prices may face further downward pressure towards the 4,350 USD/ounce zone.
Meanwhile, Mr. Adrian Day - Chairman of Adrian Day Asset Management - said that gold prices may continue to fluctuate strongly. According to him, in the short term, high oil prices and the cautious trend of central banks in the face of inflation risks may put pressure on gold.
However, in the long term, the gold buying demand of central banks and concerns surrounding the US position globally are still factors supporting the precious metal.
This week, the market will monitor a series of US economic data, including housing, manufacturing, unemployment claims, preliminary PMI and consumer sentiment indexes. In addition, the minutes of the Fed's most recent meeting are also noteworthy, as they may provide further signals about the interest rate roadmap.
In the context of the conflict in the Middle East continuing to affect oil prices and bond yields, gold prices are forecast to remain volatile, especially if the support level of 4,500 USD/ounce is challenged.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
