SJC gold bar price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 119.5-121 million/tael (buy in - sell out); unchanged. The difference between buying and selling prices is at 1.5 million VND/tael.
DOJI Group listed at 119.5-121 million VND/tael (buy in - sell out); unchanged. The difference between buying and selling prices is at 1.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 119.5-121 million VND/tael (buy in - sell out); unchanged. The difference between buying and selling prices is at 1.5 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at 118.721 million VND/tael (buy - sell); increased by 300,000 VND/tael for buying and kept the same for selling. The difference between buying and selling prices is at 2.3 million VND/tael.
9999 gold ring price
As of 6:00 a.m., DOJI Group listed the price of gold rings at 115.9-118.4 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling is 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 116.1-119.1 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 114.8-117.8 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling is 3 million VND/tael.
World gold price
The world gold price was listed at 6:00 a.m. at 3,347.9 USD/ounce, unchanged from 1 day ago.
Gold price forecast
The weekly gold survey of an international financial information platform shows that industry experts are divided between optimism and neutral on the short-term outlook for gold. Meanwhile, retail investors have returned to the familiar optimistic trend.
Of the 15 analysts participating in the survey, 8 experts, accounting for 53%, predict gold prices will increase this week. One person (7%) predicted the price would decrease; the other 6 people (40%) thought that gold prices would be flat.
Meanwhile, Kitco's online survey attracted 223 individual investors to participate in the vote. After a week of skepticism, the majority of Main Street investors have returned to optimism, with 138 (62%) expecting gold prices to increase this week, 38 people (17%) predicting prices to decrease, and the remaining 47 people (21%) expecting prices to continue moving sideways.
Adrian Day - Chairman of Adrian Day Asset Management Fund - said that Chairman of the US Federal Reserve (FED) Jerome Powell will still maintain the viewpoint of not cutting interest rates. He cited the reasons for uncontrolled inflation, although expectations are somewhat stable; economic and monetary policy uncertainty makes inactivity the most reasonable choice; he wants to protect the Fed's independence despite pressure from US President Donald Trump.
According to Adrian Day, all of these factors will keep gold prices at their current highs. If the US economy weakens, a new wave of buyers will join the gold market.
Mr. Darin Newsom - senior market analyst at Barchart.com - said: " Prices will increase, nothing has changed. Uncertainty still prevails. Meanwhile, the next meeting of the Federal Open Market Committee (FOMC) is getting closer to the future curve of the federal funds rate future without any change until at least the October meeting."
Notable US economic data next week
The economic calendar next week will revolve around the interest rate decision of the European Central Bank (ECB), along with a series of data on manufacturing and housing expected to be released.
Fed Chairman Jerome Powell will give an opening speech at an event in Washington, D.C. While he is uncertain to mention recent criticism from President Donald Trump, investors will still be watching closely.
There will be a report on existing US home sales in June on Wednesday. By Thursday, the market will receive a series of important information including the ECB's monetary policy decision, preliminary PMI data from S&P, US weekly jobless claims and new home sales.
The last notable data of the week is the US long-term orders report for June, released on Friday morning.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
