SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 168-171 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 168-171 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 168-171 million VND/tael (buying - selling). 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 the threshold of 168.1-171.1 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 168.6-171.6 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 gold ring prices at the threshold of 168-171 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 million VND/tael, posing a risk of losses for investors.
World gold price
At 6:00 AM, world gold prices were listed around the threshold of 4,490.2 USD/ounce.
Gold price forecast
Kitco News' latest weekly gold survey shows that pessimistic sentiment is dominating the market this week, as most Wall Street experts predict gold prices will continue to face downward pressure in the short term. Among the 18 analysts surveyed, up to 67% believe that gold prices will go down, only 17% expect an increase, and the rest predict the market will go sideways.
Cautious sentiment also spread to the group of individual investors. Online survey results recorded a clear increase in pessimistic trend after many months, in the context of gold prices continuously weakening and breaking important support levels.
World gold prices experienced their sharpest weekly decline in many years, affected by the US Federal Reserve's (Fed) stance of maintaining high interest rates, along with geopolitical tensions causing energy prices to rise sharply. This increased inflationary pressure, forcing central banks to maintain prudent monetary policy.
According to Mr. Jim Wyckoff - senior analyst at Kitco, the recent decline in gold reflects a change in policy expectations, as the market no longer believes in the possibility of early interest rate cuts. However, he also noted that gold prices have still increased by about 8% since the beginning of the year, showing that the long-term trend has not been broken.
From a more positive perspective, some experts believe that the market is entering a necessary correction phase after a hot increase. Mr. Darin Newsom - senior market analyst at Barchart. com - commented: "At this point, I still lean towards the scenario of gold prices increasing rather than decreasing.
Factors such as potential inflation, geopolitical risks in the Middle East and an increasing trend in safe-haven demand continue to play a "support" role for gold prices in the medium and long term. However, in the short term, profit-taking pressure and speculative cash flow withdrawing from the market may cause prices to continue to fluctuate strongly.
In general, analysts believe that the gold market this week may continue to fluctuate widely, with the risk of decrease still present. However, deep corrections may also open up accumulation opportunities for long-term investors, in the context that global instability has not shown signs of cooling down.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
