SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 170.8-173.8 million VND/tael (buying - selling), an increase of 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 170.7-73.8 million VND/tael (buying - selling), an increase of 900,000 VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.1 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 170.8-173.8 million VND/tael (buying - selling), an increase of 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.
9999 gold ring price
As of 6:00 AM, DOJI Group listed the price of gold rings at the threshold of 170.8-173.8 million VND/tael (buying - selling), an increase of 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 170.3-173.3 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 170.8-173.8 million VND/tael (buying - selling), an increase of 1.2 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.
Currently, 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 0:10 AM, world gold prices were listed around the threshold of 4,534 USD/ounce, up 41 USD.
Gold price forecast
According to Kitco, gold and silver prices rebounded as traders and investors somewhat boosted demand for safe-haven assets amidst the still very tense war in the Middle East.
Meanwhile, the market has almost not reacted much to the statements of US Federal Reserve (Fed) Chairman Jerome Powell in an exchange with audiences at Harvard University today. Mr. Powell said that interest rates are currently "at an appropriate level" to respond to rising oil prices. He also said that inflation currently seems to be still well controlled.
The war in the Middle East has not shown clear signs of cooling down.
Government bond prices around the world are rising again as markets worry that war in the Middle East could derail global economic growth. According to a Bloomberg report: "US Treasury bonds are rising along with bonds of the UK and Japan, in the context that investors believe that the sharp increase in oil prices may just be an initial sign of a prolonged global fuel shortage. This is driving demand for government bonds, which previously faced selling pressure as fears of rapid inflation overwhelmed the traditional shelter role of this asset.
Technically, the next upside target for buyers on the gold futures market after June is to create a closing level exceeding the strong resistance level of 4,750 USD/ounce. Meanwhile, the near-term downside target for sellers is to pull contract prices below the important technical support level at the March bottom of 4,100 USD/ounce.
The first resistance level was determined at the peak level today at 4, 611.4 USD/ounce, followed by 4, 634 USD/ounce. The first support level was at 4, 500 USD/ounce, followed by the overnight bottom of 4, 444.7 USD/ounce.
In key outside markets, Nymex WTI crude oil prices increased and are trading around 102.25 USD/barrel. The USD Index also increased today. The benchmark 10-year US Treasury bond yield is currently at 4.33%.
Gold price data is compared to the previous day.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are listed for buying and selling and immediate delivery. The second is the futures market, where prices are determined for future delivery.
Due to year-end positioning and market liquidity, the December gold futures contract is currently the most actively traded type on the CME exchange.
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