SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at 176-179 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at 178-181 million VND/tael (buying - selling), unchanged. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 178-181 million VND/tael (buying - selling), an increase of 2 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI Group listed the price of gold rings at 175.6-178.6 million VND/tael (buying - selling), unchanged in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 178-181 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 178-181 million VND/tael (buying - selling), an increase of 2.3 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 5:55 AM, world gold prices were listed around the threshold of 5-105.9 USD/ounce.
Gold price forecast
After a series of strong fluctuations, the world gold market is entering a period of accumulation, but short-term prospects continue to receive positive assessments from Wall Street analysts. Many experts believe that the upward momentum has not been broken, while recent adjustments are mainly technical.
Colin Cieszynski - chief market strategist at SIA Wealth Management said that gold prices are currently trending sideways after the previous strong increase. According to him, considering the technical chart, the precious metal is accumulating around the important psychological zone of 5,000 USD/ounce. This development is considered normal in the context that the market needs time to "digest" the previous upward momentum.
From another perspective, John Weyer - Director of Trading Risk Prevention at Walsh Trading believes that the reaction of gold prices after recent policy information shows that buying power is still present.
He believes that the market initially underwent psychological selling pressure, but quickly regained balance as investors returned to the main trend. According to this expert, uncertainty about global economy and trade is still an important supporting foundation for gold.
Assessing the short-term trend, some technical experts continue to lean towards the possibility of increase. James Stanley - senior market strategist at Forex. com believes that the buying side is maintaining its advantage as a rising triangle appears on short-term charts. He emphasized that the area around 5,100 USD/ounce is considered a key threshold; if it is surpassed, gold prices may enter a new upward phase.
Meanwhile, CPM Group maintains an optimistic view when issuing a buy recommendation with an initial price target of 5,400 USD/ounce in the period from late February to early March, and setting a cut-loss level at 4,850 USD/ounce. This organization believes that strong fluctuations may continue due to the economic and political environment still being unstable, but the main trend still leans towards increasing in the coming week as well as in the medium term.
Experts also note that, despite positive prospects, the gold market still has potential risks of unexpected adjustments. Therefore, investors need to be cautious with short-term trading strategies, especially in the context of prices fluctuating at historical highs. If the upward trend of world gold is maintained, domestic gold prices are likely to be affected in the same direction.
Gold price data is compared to the previous day.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
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