SJC gold bar price
As of 6:00 AM on May 23, SJC gold bar prices were listed by DOJI at the threshold of 159-162 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 159-162 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. 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 159-162 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 AM on May 23, DOJI listed the price of gold rings at 159-162 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 159-162 million VND/tael (buying - selling), down 400,000 VND/tael 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 159-162 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
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 10:32 p.m. on May 22, the world gold price was listed at around 4,520.7 USD/ounce, an increase of 4 USD.
Gold price forecast
World gold prices continued to face downward pressure in the last trading session of the week as the USD maintained its upward momentum and oil prices anchored at a high level, in the context that negotiations between the US and Iran have not made significant progress.
According to Kitco, spot gold prices at one point retreated to around the 4,500 USD/ounce threshold after US economic data was released. The precious metals market is being negatively impacted between safe-haven demand due to geopolitical tensions and pressure from inflation and interest rate expectations.
Developments in the Strait of Hormuz continue to be the focus of attention of investors. Prolonged tensions between the US and Iran have pushed Brent oil prices up to around 104 USD/barrel, while WTI oil fluctuates near 97 USD/barrel. Strong energy prices have raised concerns about prolonged inflation, thereby supporting the USD and putting pressure on gold.
New data released by the University of Michigan shows that US consumer sentiment in May fell sharply to 44.8 points, significantly lower than the forecast of 48.2 points and also lower than the 49.8 points of the previous month.
Ms. Joanne Hsu - Director of Consumer Research at the University of Michigan - said that rising living costs continue to be the top concern of Americans. According to her, rising fuel prices due to supply disruptions related to the Strait of Hormuz are weakening consumer confidence and increasing long-term inflation concerns.
The survey also shows that inflation expectations for the next year increased to 4.8%, while long-term inflation expectations increased to 3.9% - significantly higher than the 2024 level. This makes investors worried that the US Federal Reserve (Fed) may maintain a tight monetary policy longer than expected.
Technically, Kitco experts believe that gold buyers still need to bring prices above the resistance zone of 4,538 - 4,546 USD/ounce to consolidate the upward momentum. If this level is exceeded, gold prices may head towards the 4,573 USD/ounce, even 4,670 USD/ounce zone.
In the opposite direction, if gold loses the important support level of 4,490 USD/ounce, the price is at risk of falling further to the 4,453 USD/ounce zone and then 4,400 USD/ounce.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
