SJC gold bar price
As of 6:00 AM on May 29, SJC gold bar prices were listed by DOJI at the threshold of 154.5-157.5 million VND/tael (buying - selling), a sharp decrease of 3.2 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 154.5-157.5 million VND/tael (buying - selling), a sharp decrease of 3.2 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 Jewelry Group listed SJC gold bar prices at the threshold of 154.5-157.5 million VND/tael (buying - selling), a sharp decrease of 3.2 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.
9999 gold ring price
As of 6:00 AM on May 29, DOJI listed gold ring prices at the threshold of 154.5-157.5 million VND/tael (buying - selling), a sharp decrease of 3 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 154.5-157.5 million VND/tael (buying - selling), a sharp decrease of 3.2 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 Jewelry Group listed the price of gold rings at the threshold of 154.5-157.5 million VND/tael (buying - selling), a sharp decrease of 3 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.
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 11:06 PM on May 28, world gold prices were listed around the threshold of 4,484.9 USD/ounce, up 48.2 USD.
Gold price forecast
World gold prices are under short-term adjustment pressure, but many new economic data released in the US show that precious metals still have a basis to maintain certain support.
After falling below the 4,400 USD/ounce zone during the session, gold prices at one point narrowed their decline as investors re-evaluated the US economic growth outlook and the possibility of monetary policy adjustments by the US Federal Reserve (Fed).
One of the notable signs is that the US housing market continues to weaken. New home sales in April fell 6.2%, to 622,000 units per year, significantly lower than experts' forecast of 661,000 units.
Compared to the same period last year, new house sales decreased by 11.3%. This development reflects pressure from high house prices, increased mortgage interest rates and cautious psychology of homebuyers.
At the same time, US Q1 GDP data was also adjusted down, showing that the economy grew slower than initial estimates.
According to a report by the US Bureau of Economic Analysis, Q1 GDP increased by 1.6%, lower than the previously announced 2.0%. Weaker growth is mainly due to reduced investment and consumer spending.
Negative economic data often supports gold prices, as it increases expectations that the Fed may ease monetary policy. However, the current environment is still quite complex as inflation has not returned to the Fed's 2% target.
The core consumer spending price index - the Fed's preferred inflation measure - increased 0.2% in April, lower than the 0.3% of the previous month. However, year-on-year, core inflation still increased by 3.3%.
According to Mr. Jeffrey Roach - chief economist at LPL Financial, although Q1 growth was adjusted down, business spending may still continue to contribute to growth in the short term.
He also said that supply restrictions could cause inflationary pressure to spread to both sustainable and unsustainable commodity groups in the coming months.
In the short term, gold still faces pressure as high interest rate expectations increase the opportunity cost of holding unprofitable assets. However, in the long term, safe-haven demand, slow growth risks and geopolitical instability are still factors that can support gold prices.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
