Gold price update morning of July 27: Facing the risk of decline

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). The difference between buying and selling prices is at 4 million VND/tael.

SJC gold bar price is listed by DOJI at the threshold of 137.5-141.5 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 4 million VND/tael.

SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 138.9-142.7 million VND/tael (buying - selling). 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). 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). The difference between buying and selling prices is at the threshold of 4 million VND/tael.

Bao Tin Minh Chau listed gold ring prices at the threshold of 138.9-142.7 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.8 million VND/tael.

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

World gold prices are maintaining above the threshold of 4,000 USD/ounce, in the context of the market seeing more supporting factors but the short-term trend is still not really clear. This week, the diễn biến of precious metals is forecast to depend heavily on a series of important economic information from the US and new signals about monetary policy.

The survey results of a precious metals website with Wall Street experts show that psychology is still relatively cautious. Among the 18 experts participating in the survey, only 4 people (22%) expect gold prices to increase this week. Meanwhile, 7 experts (39%) predict prices may decrease and the remaining 7 believe that gold will continue to move sideways to wait for new signals.

Contrary to the cautiousness of experts, the group of individual investors still maintains a more positive view. In an online survey with 249 participants, 147 investors (59%) expect gold prices to continue to increase in the near future. Only 19% forecast a downward trend, while 22% believe the market will maintain an accumulation state.

The difference in sentiment stems from the fact that gold prices have successfully protected the important support zone of 4,000 USD/ounce. Maintaining above this level helps strengthen expectations of the precious metal's recovery ability, although pressure from a strong USD and US bond yields are still present.

This week, the gold market will pay special attention to major US economic information, including the US Federal Reserve (Fed) interest rate decision, Q2 GDP growth figures, the Personal Consumption Price Index (PCE) and the jobs report.

In which, the message from the Fed is considered a factor directly affecting the gold price trend. If this agency sends a signal to maintain a cautious monetary policy for a long time, the USD and bond yields may put pressure on the precious metal. Conversely, signs that policy easing in the future may create more momentum for gold prices.

In addition, data on US inflation and economic growth will also be closely monitored. Signs that the economy is weakening or price pressure is falling may boost demand for safe haven assets such as gold.

With a dense schedule of information disclosure, gold prices are forecast to experience strong fluctuations this week. Investors need to closely monitor the market's reaction to each data, because the new trend of precious metals is likely to be shaped after factors such as interest rates, inflation and the health of the US economy become clearer.