SJC gold bar price
As of 6:00 AM on May 19th, SJC gold bar prices were listed by DOJI at the threshold of 161.3-133.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 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 161.3-133.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 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.
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 on May 19, DOJI listed the price of gold rings at the threshold of 161.3-133.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 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.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 160.8-163.8 million VND/tael (buying - selling), an increase of 300,000 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 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 2.5 to 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 11:52 p.m. on May 18, the world gold price was listed at around 4,551.2 USD/ounce, an increase of 12 USD.
Gold price forecast
Under pressure from rising US bond yields, rising oil prices and concerns about inflation returning, the world gold market continues to experience a period of strong fluctuations. However, many major financial institutions still maintain a positive view on the long-term outlook for the precious metal.
In the first trading session of the week, spot gold prices fluctuated around the 4-552 USD/ounce mark, slightly recovering after falling to a 6-week low. Spot silver also increased by more than 1%, showing that bottom-fishing buying power is appearing after a strong correction before.
However, analysts believe that the current macroeconomic environment is not really favorable for non-performing assets such as gold. Brent oil prices are maintained around the threshold of 110 USD/barrel amid escalating US-Iran tensions in the Strait of Hormuz, causing concerns about inflation heating up again.
This pulled the yield of 10-year US government bonds to remain around 4.6%, while strengthening expectations that the US Federal Reserve (Fed) may continue to maintain high interest rates for longer.
Mr. Simon-Peter Massabni - Business Development Director at XS. com said that gold prices are still standing above the 4,500 USD/ounce mark, but the market may continue to be under downward pressure in the short term if the Middle East situation escalates more strongly.
According to Reuters, gold prices fell to their lowest level in about 1 month at the beginning of the week as the upward momentum of oil prices cast a shadow over interest rate outlook. Investors are now shifting their attention to the minutes of the Fed's April meeting released this week to find more signals about monetary policy orientation in the coming time.
Although short-term pressure is still high, some financial institutions still maintain an optimistic view of gold in the long term. JPMorgan recently forecast that gold prices could reach $6,300/ounce by the end of 2026 thanks to safe-haven demand, central bank gold buying trends and prolonged geopolitical risks.
Technically, analysts believe that the 4,500-4,538 USD/ounce zone is playing an important supporting role for gold. If this price range is lost, the market may fall further back to around 4,400 USD/ounce. Conversely, if buying power returns, gold prices are likely to move up to the resistance zone of 4,670-4,744 USD/ounce in the coming sessions.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
