SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 144.8-148 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.2 million VND/tael.
SJC gold bar prices are listed by DOJI at the threshold of 145-148 million VND/tael (buying - selling), down 500,000 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 143.5-147 million VND/tael (buying - selling), down 800,000 VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 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 144.5-147.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
DOJI listed gold ring prices at the threshold of 145-148 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 143.5-147 million VND/tael (buying - selling), down 800,000 VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
World gold price
At 0:25 AM, world gold prices were listed around the threshold of 4,023.4 USD/ounce, down 65.2 USD.
Gold price forecast
Opening the new trading week, the world gold market continued to record a correction, falling back to around the 4.035 - 4.041 USD/ounce range. Selling pressure appeared as investors were having to rebalance their portfolios between diplomatic signals in the Middle East and the risk of the US Federal Reserve (Fed) maintaining monetary tightening.
The focus of this week will be on the US non-farm payroll report expected to be released on Thursday. This data was released right before the US Independence Day holiday July 4, promising to create strong reactions within a narrow timeframe to gold, the USD and bond yields.
In addition, the demand for safe haven assets has also cooled down significantly. Tensions in the Strait of Hormuz are currently assessed by the market as controlled maritime risks, rather than the risk of complete blockade. The efforts of the US and Iran to negotiate to maintain waterway traffic have reduced geopolitical concerns.
However, the decline of precious metals is being supported by extremely strong physical demand from Asia. Data shows that the center of gravity of the gold market is clearly shifting to the East.
In May, China's non-currency gold imports surged 63% year-on-year, reaching 162.6 tons thanks to the demand for retail purity gold bars. At the same time, banks in Hong Kong (China) are also urgently collecting gold bars to prepare to launch a new clearing system in July.
Making long-term forecasts, analysts at Heraeus still maintain an optimistic view of gold prices. According to Heraeus, short-term pressure mainly comes from the market's valuation of the possibility of the Fed raising interest rates by the end of July to 35%, thereby boosting the USD sharply and putting pressure on the precious metal.
However, Heraeus's expert predicts gold will soon break through: "Rough oil prices are currently gradually cooling down. If there are no more maritime congestion incidents, energy price reductions will be reflected in the costs of producers and consumers.
When this happens and the PCE inflation index decreases, the possibility of the Fed continuing to raise interest rates will shrink, thereby firmly strengthening the investment environment for precious metals".
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
