SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 143.8-147 million VND/tael (buying - selling), an increase of 1.3 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 3.2 million VND/tael.
SJC gold bar price is listed by DOJI at 144-147 million VND/tael (buying - selling), an increase of 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 142.8-146.5 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.7 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 the threshold of 143.5-146.5 million VND/tael (buying - selling), an increase of 1 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.
DOJI listed the price of gold rings at 144-147 million VND/tael (buying - selling), an increase of 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 142.8-146.5 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.7 million VND/tael.
World gold price
At 4:50 AM, world gold prices were listed around the threshold of 4,088.6 USD/ounce, up 64.6 USD.
Gold price forecast
World gold prices are showing signs of recovery as the USD weakens, creating more room for the precious metal to rise again. However, gold's upward momentum is still under pressure as the market continues to assess the possibility that the US Federal Reserve (Fed) will maintain a cautious monetary policy in the near future.
According to newly released data, the US Personal Consumption Price Index (PCE) in May increased by 4.1% compared to the same period last year. Along with that, personal income and consumer spending both increased by 0.7% in the month. These signals show that inflation has not yet completely cooled down, making the expectation that the Fed will soon ease monetary policy not the main scenario.
Analysts believe that the Fed's June policy meeting is still an important factor in orienting cash flow on the precious metals market. After the meeting, investors' reactions mainly focused on the fluctuations of the USD and US bond yields, rather than a strong wave of safe-haven gold buying.
Besides the interest rate factor, tensions in the Middle East continue to affect market sentiment. However, the level of impact has now decreased compared to the period of concern about energy supply disruptions. Transportation through the Strait of Hormuz showing signs of stabilization has cooled oil prices, thereby reducing pressure to seek safe assets.
However, geopolitical risks have not completely disappeared. Some incidents related to commercial ships in the Oman region still cause investors to maintain a partial defensive demand for gold.
Regarding technical trends, experts believe that gold prices are heading towards the resistance zone around 4,023-4,405 USD/ounce. If this resistance zone is surpassed, the precious metal may expand its upward momentum to the 4,122 USD/ounce area and further to 4,170 USD/ounce.
In the opposite direction, if selling pressure increases, the important support level is being monitored around 3,959 USD/ounce. Breaking this zone may cause gold prices to fall deeper into the 3,886 USD/ounce area.
In the short term, the market is forecast to continue to struggle as investors balance interest rate expectations, the strength of the USD and geopolitical instability factors. Gold is still maintained as a defensive asset, but the possibility of a strong breakthrough will depend on new signals from the Fed and the US economy.
Gold price data is compared to the previous day.
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