SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 144-147.5 million VND/tael (buying - selling), an increase of 1 million VND/tael on the buying side and an increase of 900,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 144.5-147.5 million VND/tael (buying - selling), an increase of 900,000 VND/tael in both 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 142.6-146.6 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 4 million VND/tael.
9999 gold ring price
As of 6:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 143-146.5 million VND/tael (buying - selling), an increase of 1 million VND/tael on the buying side and an increase of 900,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
DOJI listed the price of gold rings at 143.3-147.3 million VND/tael (buying - selling), an increase of 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 142.6-146.6 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 4 million VND/tael.
World gold price
At 6:00 AM, world gold prices were listed around the threshold of 4,017.3 USD/ounce, up 8.1 USD.
Gold price forecast
The outlook for gold prices next week is leaning towards a cautious trend, as most Wall Street experts believe that precious metals may continue to be under downward pressure. Among 14 experts participating in a survey by a precious metals website, 11 people, equivalent to 79%, predicted gold prices would go down. Two experts, accounting for 14%, predicted the market would move sideways, while only one person expected prices to increase.
Individual investors have a more balanced view. Out of a total of 169 votes, 68 people, equivalent to 40%, predict gold prices will increase; 61 people, accounting for 36%, believe that prices will decrease. The rest believe that the market may enter a phase of accumulation.
Cautious forecasts appear in the context of the USD and US government bond yields remaining at high levels, reducing the attractiveness of gold – an asset that does not yield yields. At the same time, the sharp increase in oil prices is raising concerns that inflationary pressure may last.
If energy inflation continues to rise, the US Federal Reserve (Fed) may have to maintain a tight monetary policy for longer, even consider raising interest rates. This is a disadvantageous factor for the short-term recovery outlook of gold prices.
According to the interest rate tracking tool, the market is assessing the possibility of the Fed raising interest rates at the December meeting at a relatively high level. However, this expectation may change rapidly depending on economic data, oil price movements and new policy signals.
Next week's economic schedule is relatively sparse, making the gold market more sensitive to geopolitical information and statements from central bank officials. The focus is the monetary policy decision of the European Central Bank (ECB), along with the press conference of ECB President Christine Lagarde. The market currently leans towards the ECB's ability to keep interest rates unchanged.
Investors will also monitor the report on the number of initial jobless claims in the US, the preliminary Purchasing Managers' Index (PMI) for July, and new home sales. These data could affect the US dollar, bond yields, and Fed policy expectations.
In the short term, gold prices are forecast to continue to fluctuate strongly. The trend will depend significantly on interest rate prospects, energy market developments and geopolitical tensions. Investors need to be cautious of the possibility of large price fluctuations when new information appears.
Gold price data is compared to the previous day.
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