SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 168.5-172 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 168.5-172 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
Phu Quy Gold and Gems Group listed SJC gold bar prices at the threshold of 168.5-172 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling). 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 168.5-171.5 million VND/tael (buying - selling). 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 the threshold of 168.5-171.5 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 3 to 3.5 million VND/tael, posing a risk of losses for investors.
World gold price
At 5:30 AM, world gold prices were listed around the threshold of 4,829.4 USD/ounce.
Gold price forecast
Gold prices are forecast to continue to fluctuate strongly in the short term, as the global market is simultaneously affected by geopolitical developments, investors' risk-loving sentiment and expectations for US monetary policy.
After a period of hot increase, gold is entering a correction and accumulation phase, in the context of cash flow showing signs of temporary shift to the stock market.
Marc Chandler - Managing Director of Bannockburn Global Forex - believes that gold still has room to rise this week if the market context gradually returns to a more stable state.
According to him, selling pressure from central banks may decrease, while gold buying demand from some countries such as China and Poland is still present. Chandler also noted that the notable resistance zone for gold is around the 5,000 USD/ounce mark, while momentum signals in general have not worsened.
From a more cautious perspective, Alex Kuptsikevich - senior market analyst at FxPro - said that gold is gradually recovering to the 4,900 USD/ounce area, corresponding to the important technical zone associated with the 50-day moving average.
According to him, the cooling of geopolitical tensions partly reduces safe-haven demand, thereby curbing the upward momentum of the precious metal. However, gold is still supported by policy instability in the US and weakening confidence in the USD.
From the above assessments, it can be seen that the short-term trend of gold is still not really clear. If it surpasses the 4,900 - 5,000 USD/ounce range, gold prices may expand their upward momentum in the following weeks. Conversely, if selling pressure increases around this resistance zone, the market may witness another correction after the previous strong increase period.
In the context of still large fluctuations, analysts believe that investors should be cautious with chasing purchase decisions at high prices. The developments of US bond yields, the USD, and new signals from the US Federal Reserve (Fed) will continue to be factors that have a major impact on gold price trends in the coming time.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
Due to the impact of year-end position restructuring and market liquidity, the December gold futures contract is currently the most actively traded contract on the CME exchange.
See more news related to gold prices HERE...
