SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 143.7-147.2 million VND/tael (buying - selling). The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price is listed by DOJI at the threshold of 144.2-147.2 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 143.7-147 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.3 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). The difference between buying and selling prices is at 3.5 million VND/tael.
DOJI listed the price of gold rings at the threshold of 144.2-147.2 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 gold ring prices at the threshold of 143.7-147 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.
World gold price
At 6:00 AM, world gold prices were listed around the threshold of 4,154.7 USD/ounce.
Gold price forecast
Analysts believe that gold prices this week may continue to fluctuate strongly, as the market is still re-evaluating monetary policy messages from the Fed. After the most recent meeting, the Fed's somewhat tougher stance has made speculative cash flow into precious metals more cautious, especially when the USD shows signs of recovery.
A recent weekly gold survey by a precious metals website shows that Wall Street sentiment clearly leans towards a downward trend. Among the 10 experts surveyed, only 1 person, equivalent to 10%, predicted gold prices would increase this week.
Up to 7 experts, equivalent to 70%, believe that gold prices will go down, while the other 2 believe the market will go sideways. In contrast, the group of individual investors still maintains a more optimistic sentiment when 54% of survey participants expect gold prices to increase.
Adrian Day, Chairman of Adrian Day Asset Management, said that gold prices may go sideways but fluctuate strongly. According to him, the tone from the Fed meeting and Fed Chairman Kevin Warsh's statement surprised the market. Investors will need more time to absorb this change. However, he also noted that the prospect of peace in Iran, although still fragile, along with gold buying power from central banks and Tethers may create a support for gold prices.
In a more cautious direction, Darin Newsom, senior market analyst at Barchart. com, predicts that gold prices may fall this week. He believes that the basic picture of the market has not changed much: central banks are still buying gold, while a part of investors continue to sell. Concerns about inflation and the possibility that the Fed will leave an open scenario of raising interest rates before the end of 2026 may support the USD, thereby putting pressure on gold.
Kevin Grady, Chairman of Phoenix Futures and Options, said that the 4,000 USD/ounce zone is still an important psychological support level. However, if buying pressure does not return clearly, gold prices may retest the recent low zone. According to him, market liquidity is currently quite weak, low trading volume shows that investors are not really ready to bottom-fish.
This week, the market will monitor a series of US economic data such as PMI for June, new home sales, adjusted Q1 GDP, PCE price index, durable goods orders and consumer sentiment. These figures may affect interest rate expectations, thereby directly affecting the diễn biến of gold prices.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
