SJC gold bar price
As of 6:00 a.m., DOJI Group listed the price of SJC gold bars at VND131-133 million/tael (buy in - sell out), an increase of VND1 million/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Bao Tin Minh Chau listed the price of SJC gold bars at 131-133 million VND/tael (buy - sell), an increase of 1 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at 130.5-133 million VND/tael (buy - sell), an increase of 1.2 million VND/tael for buying and an increase of 1 million VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 6:00 a.m., DOJI Group listed the price of gold rings at 126.8-129.8 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 127-130 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 126.8-129.8 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Currently, the difference between buying and selling gold rings is at a very high level, around 3 million VND/tael, posing a potential risk of loss for investors.
World gold price
The world gold price was listed at 6:00 a.m. at 3,684 USD/ounce, up 28.8 USD.
Gold price forecast
Some analysts warn investors to prepare for price fluctuations when profit-taking appears in the highlands.
The short breakthrough of over $3,700/ounce this week has sent gold prices up more than 40% since the beginning of the year, recording the strongest increase annually since the late 1970s.
Gold traders, when observing the increase since the beginning of the year and seeing the Fed's monetary policy path becoming clearer, see this as an opportunity to take profits. This has certainly triggered a sale, causing prices to adjust. Therefore, I believe it is likely that we will see prices moving sideways and accumulating, said Naeem Aslam, Investment Director of Zaye Capital Markets.
However, Aslam stressed that gold will be particularly sensitive to inflation data due next week. If inflation is stiffer than expected or new political news appears, gold could quickly rise to $3,750-3,800, he said.
In addition to inflation data, the market will also monitor manufacturing and home sales figures.
Philippe Gijsels - Strategy Director of BNPbas Pari Fortis, said that gold prices may fluctuate around $3,600/ounce in the short term, but it is unlikely to fall further as the Fed has started its easing cycle.
He said that investors are only just starting to return to the market, and in the context of economic instability, strong buying will appear every time prices are adjusted.
Although this price increase seems too much with an increase of nearly 40%, we are still in the early stages of the bull market. With so much uncertainty in the world, the demand for gold is still very large and prices could well reach $4,000 by the end of this year or early 2026" - Gijsels said.
Christopher Vecchio - Director of futures and foreign exchange strategy at Tastylive.com, also said that gold continues to have great value when playing the role of an essential currency asset in the global financial market.
Is gold at $3,700 an ounce still worth buying? In this context, the definitive answer is yes. I still try to find a reason to be optimistic about gold, but I have not seen any such scenario, he said.
Schedule for releasing US economic data next week
Monday: Stephen Miran speaks at the New York Economic Club.
Tuesday: US S&P Flash PMI.
Wednesday: US new home sales.
Thursday: Swiss National Bank monetary policy decision, US final Q2 GDP, US long-term orders, US weekly jobless claims, US existing home sales.
Friday: US personal consumption expenditure (PCE) price index, University of Michigan consumer confidence index (adjusted).
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
