SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 166.3 - 168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 166.3 - 168.8 million VND/tael (buying - selling), keeping both buying and selling directions unchanged. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 166.3 - 168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 2.5 to 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 0:30 AM, world gold prices were listed around the threshold of 4,677.2 USD/ounce, down 31.6 USD/ounce.
Gold price forecast
World gold prices are under downward pressure as technical selling pressure reappears. After a period of strong increase, the short-term technical state of the precious metal shows signs of weakening, causing a part of investors to take advantage of profit-taking. In the same direction, silver prices also went down in the context of a more cautious market with safe-haven assets.
According to some analysts, the developments of gold prices in the short term will largely depend on two groups of factors: geopolitical tensions in the Middle East and the monetary policy orientation of major central banks.
The market is currently closely monitoring the situation related to the Strait of Hormuz, the world's important energy transportation route. Any escalation signal could push oil prices up, raising concerns about inflation and indirectly affecting interest rate expectations.
A Bloomberg report said that policymakers in the US and the G7 group are likely to keep interest rates unchanged this week, but still maintain a cautious stance in the face of the risk of rising energy costs.
According to this report, although domestic economic conditions are still a key factor, developments in the Middle East may somewhat dominate the monetary policy path of central banks.
This week, the market will receive a series of decisions from major central banks such as the US Federal Reserve, the European Central Bank, the Bank of England, the Bank of Canada and the Bank of Japan. If the message is continued to lean towards maintaining high interest rates for a long time, gold may face difficulties due to the increased opportunity cost of holding non-performing assets. Conversely, if these agencies send softer signals, the precious metal may regain momentum.
Technically, analyst Jim Wyckoff believes that gold buyers need to bring the closing price above the strong resistance zone around 5,000 USD/ounce to confirm a new upward trend. In the opposite direction, if the price breaks through the important support zone around 4,500 USD/ounce, selling pressure may increase. Nearest resistance levels are noteworthy at 4,750 USD/ounce and 4,800 USD/ounce; while nearest support is around 4,672.2 USD/ounce and 4,626 USD/ounce.
The weakening USD index partially supports gold prices, but the increase in WTI crude oil prices and high 10-year US Treasury bond yields continue to be variables that make it difficult for the precious metals market to break through strongly in the short term.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
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