SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at 156-159 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 156-159 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 the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 155.5-159 million VND/tael (buying - selling), keeping the buying direction unchanged and increasing by 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at 156-159 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.
Bao Tin Minh Chau listed the price of gold rings at 156-159 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 155.5-158.5 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.
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 6:00 AM, world gold prices were listed around the threshold of 4,531.3 USD/ounce, down 6.9 USD.
Gold price forecast
In the past week, the precious metal has continuously fluctuated strongly. Increased safe-haven demand due to tensions in the Middle East helped gold prices at times rise, but the rapid increase was quickly restrained by a stronger USD and high US Treasury bond yields. In addition, concerns about inflation returning when oil prices fluctuate due to the US-Iran conflict also made investors more cautious.
According to Kitco News' weekly gold survey, Wall Street analysts have become more optimistic about the short-term outlook for gold after prices rebounded from important support zones. Among the 12 experts surveyed, 9 people, equivalent to 75%, predicted gold prices would increase next week; 2 people thought prices would decrease and 1 person predicted the market would move sideways.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold has recovered along with risky assets as the market expects a ceasefire in the Middle East to be extended. According to him, if the price exceeds the important resistance zone, gold's technical signal may improve.
Meanwhile, Mr. Naeem Aslam - Investment Director at Zaye Capital Markets - believes that the gold market is being affected by two opposing signals. On the one hand, cooling geopolitical tensions may reduce safe-haven demand. On the other hand, inflationary pressure remains, along with risks related to shipping lanes, energy and confidence in the USD, continuing to provide support for gold.
This week, investors will focus on a series of US economic data, especially the labor market. Reports such as the ISM manufacturing PMI, JOLTs vacancy rate, ADP employment report, ISM service PMI, weekly unemployment claims and non-farm payrolls will be important data.
These indicators may directly affect the interest rate expectations of the US Federal Reserve (Fed). If data shows that the US economy is slowing down and the labor market is cooling down, gold may be supported. Conversely, if inflation remains persistent and jobs are maintained firmly, pressure from high interest rates may continue to limit the upward momentum of precious metals.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
