SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 137-141 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.
SJC gold bar price is listed by DOJI at the threshold of 137-141 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 1383-142.3 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.9 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 137-141 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.
DOJI listed the price of gold rings at 137-141 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 1383-142.3 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.9 million VND/tael.
World gold price
Recorded at 6:00 AM, world gold prices are listed around the threshold of 4,041.7 USD/ounce.
Gold price forecast
The latest weekly gold survey by a precious metals website shows that Wall Street analysts are divided between viewpoints of price increase, price decrease and neutrality. Meanwhile, the psychology of individual investors has left the optimistic zone after gold prices continued to fail in their breakthrough efforts.
Among 17 Wall Street experts, 5 experts, equivalent to 29%, predict that gold prices will increase next week. Six others, accounting for 35% of the total, believe that gold prices will decrease. The remaining six experts predict that the precious metal will continue to fluctuate sideways next week.
Meanwhile, Kitco's online poll recorded 184 votes. Individual investors no longer maintained their majority optimism after gold prices continued to be stuck in recent fluctuations.
87 individual traders, equivalent to 47%, expect gold prices to increase next week. Meanwhile, 55 people, accounting for 30%, forecast that the precious metal will decrease in price. The remaining 42 investors, equivalent to 23%, believe that gold prices will continue to accumulate next week.
Gold price movements next week are likely to continue to depend on a series of US economic data, especially indicators related to the labor market. These are considered important factors that could affect market expectations about the US Federal Reserve (Fed)'s interest rate adjustment roadmap.
Next week's economic data release schedule mainly focuses on the US job market, with a series of important reports such as JOLTS job vacancy, ADP jobs data and especially the non-farm payrolls report for July.
In addition, US manufacturing and service PMI indices will also be monitored by investors to assess the health of the world's largest economy. Conflicting signals from the labor market may cause gold prices to continue to fluctuate sharply as investors adjust their expectations for monetary policy.
In the current context, gold is still supported by safe-haven demand and instability in the global financial market. However, a strong USD, US Treasury bond yields maintained at a high level, and the possibility of the Fed continuing to be cautious in interest rate management are still factors putting pressure on the precious metal.
Analysts believe that if US economic data shows a weakening labor market, expectations of the Fed easing monetary policy may increase, thereby creating momentum for gold prices. Conversely, more positive data than expected may strengthen the USD and limit the upward momentum of precious metals in the short term.
Gold price data is compared to the previous day.
The information in the article only reflects market developments, not investment recommendations.
See more news related to gold prices HERE...
