SJC gold bar price
As of 6:00 AM on June 26, Phu Quy Gold and Gems Group listed SJC gold bar prices at 142.5-146 million VND/tael (buying - selling), down 1.2 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price was listed by DOJI at 143-146 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 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 141-145 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 6:00 AM on June 26, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 142.5-145.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
DOJI listed the price of gold rings at 143-146 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 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 141-145 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
World gold price
At 10:35 PM on June 25, world gold prices were listed around the threshold of 4,024 USD/ounce, up 38.1 USD.
Gold price forecast
World gold prices are fluctuating around the 4,000 USD/ounce range as the market continues to assess new signals from the US economy, the monetary policy of the US Federal Reserve (Fed) and global geopolitical developments.
New data released by the US Department of Commerce shows that orders for durable goods in May decreased by 4.5%, in line with analysts' forecasts. However, the core durable goods group (excluding volatile transportation) increased by 1.3%, higher than expected. These conflicting data make investors more cautious when making predictions about the Fed's interest rate adjustment roadmap.
According to analysts, gold is still being supported by risk hedging needs, but the upward momentum may be limited as the USD remains high and the yield of 10-year US government bonds remains around 4.4%. The fact that real interest rates are maintained at a high level is putting certain pressure on precious metals due to reducing the attractiveness of non-performing assets such as gold.
In addition, recent US inflation data shows that the PCE index in May increased by 0.4% compared to the previous month and increased by 4.1% compared to the same period last year, in line with forecasts. The market believes that this result is not enough to create strong momentum for the Fed to soon ease monetary policy.
Some experts believe that gold is in a sideways phase as bottom-fishing buying power appears after a series of consecutive declining sessions, while pressure from the USD and bond yields is still present. Geopolitical factors are no longer creating strong momentum as before after tensions in the Middle East show signs of cooling down, causing safe-haven demand to somewhat decline.
Technically, the 4.023 - 4.090 USD/ounce zone is considered an important resistance area. If it passes this zone, gold prices may head towards higher levels. Conversely, if it loses the support level of 3,900 USD/ounce, the precious metal is at risk of undergoing further downward pressure to the 3.830 - 3,800 USD/ounce zone.
In the short term, gold price trends will continue to depend on upcoming US economic data, expectations about Fed policy and fluctuations in the USD.
Gold price data is compared to the previous day.
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