SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 158.5-161.5 million VND/tael (buying - selling), down 500,000 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 price was listed by Bao Tin Minh Chau at the threshold of 158.5-161.5 million VND/tael (buying - selling), down 500,000 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 158.5-161.5 million VND/tael (buying - selling), down 500,000 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, DOJI listed gold ring prices at the threshold of 158.5-161.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 158.5-161.5 million VND/tael (buying - selling), down 500,000 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 158.5-161.5 million VND/tael (buying - selling), down 500,000 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 6:00 AM, world gold prices were listed around the threshold of 4,508.5 USD/ounce, down 12.2 USD.
Gold price forecast
World gold prices closed the trading week in a state of stalemate as selling pressure still prevailed after many times the precious metals failed to maintain important support levels. However, many experts believe that the market has not yet formed a too strong downward trend because risk-prevention sentiment is still present.
Kitco News' weekly gold survey shows that Wall Street experts continue to lean towards a short-term downward scenario. Among the 13 analysts surveyed, up to 62% predict gold prices will fall next week, only 15% believe prices will increase and 23% believe the market will move sideways. Meanwhile, individual investors remain optimistic as 56% predict gold prices will rebound.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold is fluctuating around the important support zone after a period of sharp decline.
According to him, gold prices need to surpass the 4,600 USD/ounce mark to confirm a clearer recovery possibility. Otherwise, the precious metal may continue to face the risk of falling to the 4,370 USD/ounce zone.
Sharing the same cautious view, Mr. Rich Checkan - Chairman of Asset Strategies International - said that high inflationary pressure and the possibility of the US Federal Reserve (Fed) maintaining a high interest rate level are disadvantageous for gold.
According to this expert, the weakening expectation of interest rate cuts makes cash flow tend to return to more profitable assets, thereby creating pressure on precious metals.
Meanwhile, Mr. John Weyer - Director of Trade Protection at Walsh Trading - assessed that gold is still heavily affected by the geopolitical situation in the Middle East.
However, this expert believes that gold prices are likely to only fluctuate in a narrow range instead of a strong breakthrough. He predicts gold may trade around the $4,470-4,560/ounce range next week.
In addition to geopolitical factors, the market next week will monitor a series of important US economic data such as Q1 GDP, PCE index, jobless claims and new home sales. These are considered information that could strongly affect the Fed's interest rate expectations, thereby directly impacting global gold price movements.
Gold price data is compared to the previous day.
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