SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 154.5-157.5 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 154.5-157.5 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 Jewelry Group listed SJC gold bar prices at the threshold of 154.2-157.5 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 3.3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 154.5-157.5 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 gold ring prices at the threshold of 154.5-157.5 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 Jewelry Group listed the price of gold rings at the threshold of 154.5-157.5 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.
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 0:38 AM, world gold prices were listed around the threshold of 4,486.6 USD/ounce, up 4.8 USD/ounce.
Gold price forecast
According to Kitco, world gold prices are showing efforts to recover after a short-term decline below the 4,500 USD/ounce threshold. Re-emerging buying power has helped the precious metal regain the above-4,510 USD/ounce zone, showing that bottom-fishing sentiment is still present as prices fall back to important support zones.
Technically, gold prices are still moving in a state of fluctuation. The resistance pressure above comes from the 50-day moving average, while the short-term support zone around 4,500 USD/ounce continues to be noticed by the market.
A noteworthy point is that the 50-day moving average shows signs of sideways movement, instead of continuing to decline. If this trend is confirmed, this may be a signal that the short-term downward momentum is weakening.
Some technical analysts also believe that on the weekly chart, gold may be forming a candlestick pattern showing buying power returning when prices fall deeply. However, this signal still needs more time to be confirmed, especially in the context that the market is still heavily influenced by US economic data and geopolitical developments.
According to Kitco News, spot gold prices rose in the morning trading session in the US, while silver rose more strongly, thanks to cooling oil prices and reduced pressure on US bond yields. However, the USD still maintained its strength, making gold unable to clearly break through the 4,550-4,576 USD/ounce resistance zone.
Investors are currently focusing their attention on a series of US economic data, including JOLTS job positions, ADP jobs report, factory orders, ISM service index, the US Federal Reserve's (Fed) Beige Book, and the May jobs report. These data could directly impact interest rate expectations, thereby affecting gold trends.
From a long-term perspective, Mr. Ole Hansen - Head of Commodity Strategy at Saxo Bank - believes that although gold has just undergone a correction phase, fundamental factors such as the need to diversify reserves, public debt concerns, the trend of dedollarization and buying power from central banks are still important pillars for precious metals.
According to him, when the impact of energy prices and geopolitical tensions subsides, the market may return to focusing on these long-term drivers.
In the short term, if gold exceeds the range of 4,526-4,550 USD/ounce, the price may head towards higher levels around 4,576 USD/ounce, then 4,635 USD/ounce. Conversely, if it loses the 4,500 USD/ounce mark, adjustment pressure may increase, bringing the price back to the range of 4,462 USD/ounce or lower.
Gold price data is compared to the previous day.
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