SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 157.7-160.7 million VND/tael (buying - selling), down 800,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 157.7-160.7 million VND/tael (buying - selling), down 800,000 VND/tael 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 SJC gold bar prices at 157.5-160.7 million VND/tael (buying - selling), down 800,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.2 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed gold ring prices at the threshold of 157.5-160.5 million VND/tael (buying - selling), down 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.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 157.5-160.5 million VND/tael (buying - selling), down 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.
Phu Quy Gold and Gems Group listed the price of gold rings at 157.5-160.5 million VND/tael (buying - selling), down 800,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
The buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 10:05 PM on May 27, world gold prices were listed around the threshold of 4, 436.7 USD/ounce, down 72.3 USD.
Gold price forecast
According to Kitco, world gold prices are under strong downward pressure as expectations of an agreement related to Iran cool down oil prices, while reducing safe-haven demand for precious metals.
In the first trading session of the day in the US, spot gold prices retreated to around 4.446.7 USD/ounce, down 1.35%; spot silver also fell more than 3%.
New developments show that market sentiment is leaning towards the possibility that tensions in the Strait of Hormuz can be resolved. Although this region is still a hotspot directly affecting energy prices, the expectation that US-Iran negotiations will continue to go in the right direction has caused Brent and WTI oil prices to fall deeply compared to the peak of last week.
As pressure from oil prices cools down, concerns about inflation also subside, thereby reducing demand for holding gold as a defensive channel.
In the opposite direction, the decrease in US Treasury bond yields is still a certain supporting factor for gold. However, this impact is not enough to compensate for the pressure from cash flow returning to risky assets.
Global stock markets in general are showing signs of recovery, with many major indexes in Europe and Asia increasing. This shows that investors' risk appetite is improving, causing the safe-haven role of gold to temporarily weaken.
According to analysts, gold is facing a sensitive period as the market waits for more important US economic data, including personal income and spending, durable goods orders, adjusted Q1 GDP figures and new home sales.
These data may affect interest rate expectations of the US Federal Reserve (Fed), thereby directly affecting the trend of gold.
Technically, the 4,453 - 4,484 USD/ounce zone is considered a near resistance for gold prices. If it crosses this zone, the price may head to 4,523 USD/ounce, then 4,538 USD/ounce. Conversely, if it loses the support level of 4,424.4 USD/ounce, gold is at risk of falling further to 4,404.9 USD/ounce, even 4,319 USD/ounce.
In the short term, gold prices are likely to continue to fluctuate strongly according to geopolitical information, oil price developments and interest rate expectations. Investors need to be cautious, especially when the buying-selling spread in the country is still high, increasing the risk of losses if buying in a volatile price range.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
