SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 159-162 million VND/tael (buying - selling), an increase of 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 159-162 million VND/tael (buying - selling), an increase of 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 the threshold of 158.7-162 million VND/tael (buying - selling), an increase of 200,000 VND/tael on the buying side and an increase of 500,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at 159-162 million VND/tael (buying - selling), an increase of 500,000 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 159-162 million VND/tael (buying - selling), an increase of 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 158.7-161.7 million VND/tael (buying - selling), an increase of 200,000 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 4,562.4 USD/ounce, up 53.9 USD.
Gold price forecast
Although the upward momentum of world gold prices returned in the first session of the week, analysts believe that the market still faces many fluctuations as investors continue to monitor the interest rate outlook of the US Federal Reserve (Fed) and geopolitical developments in the Middle East.
The upward momentum of precious metals is supported by the weakening USD, expectations of cooling US bond yields and a sharp drop in oil prices.
Global financial markets are reacting to expectations that the US and Iran could move closer to a peace agreement, thereby helping to reduce the risk of energy supply disruptions in the Strait of Hormuz. This information caused oil prices to plummet to their lowest level in two weeks, while easing inflationary pressure.
According to analysts, the cooling of oil prices helps reduce interest rate hike pressure on the Fed, thereby creating a more favorable environment for gold and silver. In addition, the weakening USD also supports the demand for holding precious metals.
Kitco expert Jim Wyckoff said that gold is benefiting from the weakening of the greenback and the expectation that the Fed will be less tough on monetary policy if inflationary pressure continues to cool down.
Meanwhile, global stock markets simultaneously increased. Japan's Nikkei 225 index increased by nearly 3%, while many major European markets such as Germany's DAX, France's CAC 40 or Stoxx 600 also recorded green. This shows that investor sentiment has somewhat improved thanks to expectations of cooling geopolitical tensions.
Technically, experts believe that spot gold is facing an important resistance zone from 4,580-4,660 USD/ounce. If it can overcome this zone, gold prices may head towards the 4,678 USD/ounce mark, even approaching 4,800 USD/ounce in the near future.
In the opposite direction, the nearest support zone for gold is around 4.533 USD/ounce. If this threshold is lost, gold prices are at risk of falling deeper to the 4,500 USD/ounce or lower.
For silver, analysts believe that the upward trend still prevails as the price is heading towards the resistance zone of 78.95-89 USD/ounce. However, the market still poses a risk of strong correction if the USD recovers or the Fed signals to maintain high interest rates longer than expected.
Gold price data is compared to the previous day.
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