SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and up 300,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 700,000 VND/tael on the buying side and down 200,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at 149-151.4 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 600,000 VND/tael on the selling side. The difference between buying and selling prices is at 2.4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 148.5-151.3 million VND/tael (buying - selling), keeping the buying direction unchanged and decreasing 200,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.8 million VND/tael.
The buying - selling price difference of gold is showing signs of decreasing, from 3 million to about 2.4 to 2.8 million VND/tael.
World gold price
At 0:05 AM, world gold prices were listed around the threshold of 4,357.3 USD/ounce, up 17.3 USD/ounce compared to the previous day.
Gold price forecast
World gold prices continue to rise as investors await the monetary policy decision of the US Federal Reserve (Fed). Although the increase is not too strong, the precious metal still shows its ability to stand firm as the market simultaneously monitors oil prices, US bond yields and messages from the Fed.
According to analysts, the market is no longer focusing too much on whether the Fed will keep interest rates unchanged, because this scenario has almost been reflected in prices. What is more concerned is the interest rate forecast chart, new assessments of inflation, the labor market and the first speech of Fed Chairman Kevin Warsh after the policy meeting.
The cooling trend of oil prices is also significantly affecting gold. The fact that Brent oil is maintained below the threshold of 80 USD/barrel, after positive signals related to supply and the possibility of resuming oil flow through the Strait of Hormuz, helps reduce inflation concerns. However, this factor also somewhat weakens safe-haven demand, making gold prices unable to break through clearly.
Kevin Grady - Chairman of Phoenix Futures and Options - said that the Fed under Mr. Kevin Warsh is likely to still rely on economic data to manage policy, instead of creating a sudden change. According to this expert, the market has shifted from expectations of interest rate cuts to a more cautious state as inflationary pressure and energy prices are still at risk of returning.
Meanwhile, John Murillo - Sales Director at B2BROKER - believes that the key factor is not in deciding interest rates, but in how the Fed signals the time to maintain tight monetary policy. If the Fed sends a tougher message, bond yields and the USD may increase, creating adjustment pressure on gold.
Technically, gold prices need to overcome the resistance zone of 4,350-4,364 USD/ounce to open up the possibility of heading towards 4,400 USD/ounce, and further towards 4,500 USD/ounce. Conversely, if losing the 4,306 USD/ounce mark, selling pressure may increase, pulling prices back to lower support zones around 4,280 USD/ounce, even 4,182 USD/ounce.
However, many opinions suggest that if gold adjusts after the Fed meeting, long-term buying power may still appear due to central bank reserve demand, geopolitical risks and concerns about the US fiscal deficit.
Gold price data is compared to the previous day.
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