SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 137.5-141.5 million VND/tael (buying - selling), an increase of 2 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 137.5-141.5 million VND/tael (buying - selling), an increase of 2 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 138.9-142.7 million VND/tael (buying - selling), an increase of 50,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.8 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 137.5-141.5 million VND/tael (buying - selling), an increase of 2 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
DOJI listed gold ring prices at the threshold of 138.5-142.5 million VND/tael (buying - selling), an increase of 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 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 138.9-142.7 million VND/tael (buying - selling), an increase of 50,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.8 million VND/tael.
The buying - selling price difference is still high at 3.8 to 4 million VND/tael, causing gold buyers to face a significant loss risk if the price does not increase strongly enough to compensate for the difference immediately when trading.
World gold price
At 6:00 AM, world gold prices were listed around the threshold of 4,051.7 USD/ounce, moving sideways.
Gold price forecast
Gold prices have just experienced a volatile trading week as the market continuously receives monetary policy decisions and important economic data.
In the context of world gold ending the week around the threshold of 4,051.7 USD/ounce, the next developments will largely depend on signals from the US economy and the interest rate orientation of central banks.
The focus of attention is the meeting of the US Federal Reserve (Fed). In addition to deciding interest rates, investors will closely monitor the Fed's assessment of inflation, growth and labor markets. If this agency continues to send a cautious message, showing that interest rates may remain at a higher level for longer, the USD and US bond yields are likely to increase, thereby putting pressure on gold prices.
Conversely, signs that the Fed is considering easing monetary policy may help the precious metal improve its attractiveness. Gold, which does not yield yields, often benefits when the opportunity cost of holding decreases.
Besides the Fed meeting, the market is also waiting for Q2 GDP growth data, the consumer spending price index, consumer confidence and the number of jobless claims in the US. These are data that could quickly change expectations about the interest rate roadmap.
If the US economy grows positively, the labor market continues to be strong and inflationary pressure persists, gold prices may face short-term corrections. Conversely, weakening growth data or cooling inflation will increase expectations of interest rate reductions, creating momentum for gold recovery.
Results from a recent prestigious weekly gold survey show that financial experts (Wall Street) are showing pessimistic or hesitant views on the short-term outlook of gold prices.
This week, the survey attracted the participation of 18 analysts. The general psychology of this group mainly leans towards a downward trend and uncertainty after the unpredictable fluctuations of gold in recent times.
Only 4 experts (accounting for 22%) expect gold prices to break through next week, while up to 7 people (equivalent to 39%) predict prices will fall. The remaining group of 7 experts believes that this precious metal will continue its sideways trend and cannot create a breakthrough.
This difference shows that gold may continue to fluctuate strongly. The 4,000 USD/ounce zone is considered an important psychological support level, while the area above 4,100 USD/ounce is still a significant challenge for recovery momentum. Investors need to be cautious of the possibility of rapid price fluctuations when economic information is released.
Gold price data is compared to the previous day.
The information in the article only reflects market developments, not investment recommendations.
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