SJC gold bar price
As of 6:00 AM, Phu Quy listed SJC gold bar prices at the threshold of 147.3-150.3 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
SJC gold bar price is listed by DOJI at the threshold of 147.3-150.3 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 149.7-153.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 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 147.3-150.7 million VND/tael (buying - selling), down 700,000 VND/tael on the buying side and down 1.3 million VND/tael on the selling side. The buying - selling difference is at 3.4 million VND/tael.
DOJI listed the price of gold rings at 149.8-153.8 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The difference between buying and selling is at 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 149.7-153.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
Jewelry gold price
As of 6:00 AM, Ancarat listed the price of 24K 9999 Gold Jewelry at 143.3-151.3 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions.
DOJI listed 9999 jewelry gold at 148-152 million VND/tael (buying - selling), unchanged.
Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at the threshold of 147.7-152.7 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions.
World gold price
Recorded at 2:00 AM, world gold prices were listed around the threshold of 4, 593.4 USD/ounce, down 32.2 USD.
Gold price forecast
World gold prices are under adjustment pressure after the latest US inflation data shows that price pressure is still higher than expected. The July Personal Consumption Expenditures (PCE) report showed that inflation increased by 0.2% compared to the previous month and increased by 3.7% compared to the same period last year, higher than market forecasts. This development caused US government bond yields to rebound, thereby putting pressure on the precious metal.
In the short term, the market is shifting to a cautious state as investors are waiting for more signals about the monetary policy direction of the US Federal Reserve (Fed), especially Fed Chairman Kevin Warsh's speech at the Jackson Hole conference at the end of the week. Interest rate information may continue to create strong fluctuations for gold prices.
Gold's upward momentum has not been completely broken as the precious metal still receives support from concerns about financial risks, the weakening trend of the USD in the medium term and safe-haven demand in the face of geopolitical instability.
However, the fact that gold prices have not been able to maintain above the resistance zone of 4,661 USD/ounce shows that buying pressure is slowing down. In the next session, the 4,567 USD/ounce zone is considered an important support threshold. If this zone is maintained, gold prices may accumulate again and move towards higher target zones around 4,729 USD/ounce and 4,794 USD/ounce.
In the opposite direction, if increased selling pressure causes prices to break through the support zone of 4,567 USD/ounce, the market may face a deeper correction to the zones of 4,508 USD/ounce and 4,448 USD/ounce.
Besides the interest rate factor, developments in the Middle East region continue to be a factor monitored by the market. Tensions related to transportation activities in the Strait of Hormuz may maintain demand for safe-haven assets, while rising oil prices may also increase concerns about inflation and affect the Fed's policy expectations.
Gold prices are being affected in opposite directions as one side is support from shelter factors and geopolitical risks, while the other side is pressure from higher-than-expected inflation and rising US bond yields. The market is likely to continue to fluctuate strongly before there are more clear signals about US monetary policy.
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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