SJC gold bar price
As of 6:00 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 170.5-173.5 million VND/tael (buying - selling), an increase of 3.3 million 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 172-175 million VND/tael (buying - selling), an increase of 4.8 million 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 170.5-173.5 million VND/tael (buying - selling), an increase of 3.3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 6:00 PM, DOJI Group listed the price of gold rings at 170.5-173.5 million VND/tael (buying - selling), an increase of 3.3 million 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 the threshold of 172.5-175.5 million VND/tael (buying - selling), an increase of 4.8 million 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 the price of gold rings at the threshold of 170.5-173.5 million VND/tael (buying - selling), an increase of 3.3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Currently, 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 1:10 am, world gold prices were listed around 4,553.8 USD/ounce, up 169.8 USD compared to the previous day.
Gold price forecast
World gold and silver prices are supported by a slight weakening USD index and falling US Treasury bond yields in the midweek context. There is a familiar saying in the market that prices will move in a way that makes most traders "surprised", and this seems to be happening with the safe-haven metal group.
Precious metal prices fell as risk-avoidance sentiment increased, but went up as risk appetite improved. In this session, traders focused more on the possibility of inflation cooling down if tensions in the Middle East escalated, although gold usually increased in price in the context of inflation concerns.
On the bond market, the negative signal from the US Treasury bond auction raised concerns about inflationary pressure. Bond prices fell on Tuesday, pulling yields up, after investors were cautious with the $26.9 billion 2-year term bond auction.
The reason comes from concerns that prolonged conflict in the Middle East could cause oil prices to rise again, thereby pushing inflation up.
The yield of 2-year term bonds at one point increased by 3.96%, dragging down the yield of other terms. The winning bid yield of 3.936%, higher than before the auction time, shows that demand has not met expectations, and is also the highest level since May last year.
Regarding monetary policy, US Federal Reserve Governor Michael Barr said that interest rates may need to remain stable for some time to control inflation, which is still significantly higher than the target of 2% per year.
He said that although inflation expectations will decrease as the impact of tariffs weakens at the end of the year, the Fed still needs more clear evidence of a sustainable downward trend in prices before considering lowering interest rates, in the context of the labor market continuing to stabilize.
In related markets, WTI crude oil prices fell by about 3.50 USD/barrel, trading around 89 USD/barrel. The USD index maintained a slight weakening trend, while the yield on 10-year US Treasury bonds is currently around 4.3%.
Gold price data is compared to the previous day.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are listed for buying and selling and immediate delivery. The second is the futures market, where prices are determined for future delivery.
Due to year-end positioning and market liquidity, the December gold futures contract is currently the most actively traded type on the CME exchange.
See more news related to gold prices HERE...
