SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed the price of SJC gold bars at 143.7-147 million VND/tael (buying - selling), down 300,000 VND/tael on the buying side and unchanged on the selling side. The difference between buying and selling prices is at 3.3 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 144-147 million VND/tael (buying - selling), keeping both buying and selling directions unchanged. 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 142.5-146 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 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 143.5-147 million VND/tael (buying - selling), down 500,000 VND/tael on the buying side and keeping the selling side unchanged. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
DOJI listed the price of gold rings at 144-147 million VND/tael (buying - selling), keeping both buying and selling directions unchanged. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 142.5-146 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
World gold price
At 1:18 AM, world gold prices were listed around the threshold of 3,985.9 USD/ounce, down sharply by 112.6 USD.
Gold price forecast
In this morning's trading session, the international gold market is facing strong selling pressure as the USD continuously sets new 52-week highs. World gold prices recorded a sharp drop, reflecting the cautious sentiment of investors in the face of tough monetary policy signals from the US Federal Reserve (Fed).
After the June meeting, the market shifted from expecting interest rates to be "nailed at a high level" to worrying about a scenario of real interest rate hikes. The latest forecasts show that the target interest rate by the end of 2026 is likely to be adjusted to 3.8%, significantly higher than the previous forecast of 3.4%.
This makes gold – a non-profit asset – less attractive in the eyes of investors as the greenback is being supported by the 10-year US government bond yield anchored at 4.3%.
In addition, concerns about cooling oil supply after the situation in the Strait of Hormuz showed signs of stabilization have reduced safe-haven demand for precious metals. Gold is currently trading in the direction of interest rates and the strength of the USD rather than a geopolitical defense tool.
Mr. David Morrison - senior market analyst at Trade Nation - said that the fact that gold prices lost the important support level of 4,100 USD/ounce and failed to recover has created a negative technical signal. The 4,100 USD mark has now turned into a hard resistance level.
The 4.020 - 4.030 USD/ounce zone is the last defensive barrier before reaching the psychological milestone of 4,000 USD. If it breaks through the 4,000 USD level, the market may face a stronger sell-off due to triggering stop-loss orders" - Mr. Morrison warned.
In the short term, experts recommend that investors closely monitor important US economic data including GDP, unemployment claims and the upcoming Personal Consumption Expenditures (PCE) index.
These will be key "variations" that determine whether gold can find bottom-fishing demand or continue the new bottom-fishing trend in the context that the market is in a state of "oversold" technically.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
