SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 155.5-158.5 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 155.5-158.5 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 155-158.5 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 3.5 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 155.5-158.5 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 the threshold of 155.5-158.5 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 Gold and Gems Group listed the price of gold rings at 155-158 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 0:40 AM, world gold prices were listed around the threshold of 4,481.8 USD/ounce, down sharply by 56.5 USD/ounce.
Gold price forecast
According to Kitco - World gold prices are under adjustment pressure amid a stronger USD and rising oil prices. This development puts the precious metal at a disadvantage, although safe-haven demand is still supported by geopolitical tensions in the Middle East.
According to analysts, the impact from the Middle East region is currently quite complex for the gold market. On the one hand, the risk of conflict may increase the demand for safe-haven assets. On the other hand, the sharp increase in oil prices raises concerns about inflation, thereby strengthening expectations of a prolonged high interest rate level. This is an unfavorable factor for gold, because precious metals do not bring yields.
The focus of market attention this week is a series of US economic data, especially the May jobs report. In addition, indicators such as ISM manufacturing, factory orders, ADP employment data, ISM services and the Beige Book of the US Federal Reserve (Fed) may also affect monetary policy expectations. Currently, the yield of 10-year US Treasury bonds is still fluctuating around the 4.5% range, while the USD maintains a stronger trend, creating more pressure on gold prices.
The Strait of Hormuz continues to be a hot spot closely monitored by the market. This is an important oil transport route, directly affecting energy prices, inflation expectations and sentiment in the financial market.
Oil prices rose after new tense developments between the US and Iran, while shipping through the region remained disrupted. Mr. Jonas Goltermann - chief market economist at Capital Economics - said the market is still assuming that "the Strait of Hormuz will be reopened".
Technically, gold prices are in a sensitive zone. If they rebound to the resistance zone of 4,514-4,550 USD/ounce, gold prices may head towards higher levels around 4,576 USD/ounce, followed by 4,600 USD/ounce. Conversely, if they lose the 4,500 USD/ounce mark, selling pressure may increase, pulling prices back to the 4,488.9 USD/ounce and deeper to 4,460 USD/ounce.
In the short term, gold prices are forecast to continue to fluctuate strongly according to the diễn biến of the USD, oil prices and interest rate expectations. Investors need to be cautious, especially in the context that the buying-selling spread in the country is still high, increasing the risk of losses when the market reverses direction.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
