SJC gold bar price
As of 6:00 AM, Phu Quy listed SJC gold bar prices at the threshold of 144.6-147.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
SJC gold bar price is listed by DOJI at the threshold of 144.6-147.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The difference between buying and selling is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 145.5-149.5 million VND/tael (buying - selling), an increase of 1.4 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 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 the threshold of 144.6-147.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
DOJI listed the price of gold rings at the threshold of 145.5-149.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 145.5-149.5 million VND/tael (buying - selling), an increase of 1.4 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
World gold price
Recorded at 6:00 AM, world gold prices were listed around 4,602.4 USD/ounce, down 20.6 USD.
Gold price forecast
World gold prices entered a new trading week with many supporting factors after surpassing the 4,600 USD/ounce mark and recording the third consecutive strong week of increase. The upward momentum in the last sessions of the week has helped market sentiment improve significantly, while expectations for the upward trend of precious metals continue to increase.
The results of a survey of gold price prospects for next week by a precious metals website show that pessimistic sentiment in the market is almost gone. Among 11 Wall Street experts participating in the assessment, 8 people, equivalent to 73%, believe that gold prices may continue to increase in the next trading week. The remaining three experts, accounting for 27%, believe that gold is likely to enter an accumulation phase after a strong increase.
Notably, there were no opinions predicting gold prices would decrease next week. In the group of individual investors, the optimistic trend also prevailed when 164 out of 211 survey participants, equivalent to 78%, expected gold prices to continue to rise. Meanwhile, 12% predicted prices would decrease and 10% thought the market would move sideways.
The main driving force helping gold prices maintain their upward momentum comes from the weakening of the USD, along with concerns surrounding fiscal pressure in the US. The decrease in US government bond yields amid market revisions of monetary policy prospects has prompted cash flow to turn to gold as a defensive asset.
In addition, capital flows into gold ETFs are showing signs of improvement as demand for holding precious metals increases again. The trend of seeking assets with the ability to preserve value in the context of concerns about fiscal health and the risk of currency weakening continues to support gold's short-term outlook.
However, after a strong rally, the market may also experience corrections as investors take profits and wait for new signals. Next week, the focus of attention will be on a series of important US economic data, including consumer confidence index, housing data, core PCE inflation report, Q2 GDP growth and labor market data.
In which, the core PCE index is considered an important factor that may affect expectations for the US Federal Reserve (Fed)'s interest rate roadmap. If inflationary pressure continues to cool down, the possibility of the Fed adjusting policy towards easing may increase, thereby creating more momentum for gold prices.
Conversely, if economic data shows that the US economy still maintains strength, bond yields and the USD may recover, putting pressure on the precious metal.
In addition to economic data, the market is also particularly interested in Fed Chairman Kevin Warsh's speech at the Jackson Hole conference to seek further signals on monetary policy orientation in the coming time.
Gold price data is compared to the previous day.
The information in the article only reflects market developments, not investment recommendations.
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