SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 145-148.5 million VND/tael (buying - selling), an increase of 2 million VND/tael on the buying side and an increase of 2.1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 145.4-124.4 million VND/tael (buying - selling), an increase of 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 prices were listed by Bao Tin Minh Chau at the threshold of 145-148 million VND/tael (buying - selling), an increase of 2.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. 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, Phu Quy Gold and Gems Group listed the price of gold rings at 145-148 million VND/tael (buying - selling), an increase of 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
DOJI listed the price of gold rings at 145.4-124.4 million VND/tael (buying - selling), an increase of 2 million 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 145-148 million VND/tael (buying - selling), an increase of 2.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
World gold price
At 11:45 PM on July 2, world gold prices were listed around the threshold of 4,112.7 USD/ounce, up 9.6 USD.
Gold price forecast
World gold prices are receiving strong support after the US June jobs report showed that the labor market showed clear signs of cooling down. The number of non-farm jobs increased by only 57,000, much lower than the forecast of about 115,000 jobs.
At the same time, the figures from the previous two months were adjusted down by a total of 74,000 jobs, causing investors to increase expectations that the US Federal Reserve (Fed) may be more cautious with its monetary policy tightening roadmap.
Immediately after this data, the USD weakened, US 10-year Treasury bond yields fell to around 4.5%, thereby creating conditions for gold to break through.
In the context of gold not bringing interest rates, falling bond yields often reduce the opportunity cost of holding precious metals. This is one of the reasons that helped spot gold prices rebound to the above 4,100 USD/ounce range.
According to Mr. Waleed Said - technical analyst at GivTrade, weak job data is a positive factor for the precious metal group, because pressure to force the Fed to continue raising interest rates has eased. He believes that the labor market is showing signs of slowing down, causing the Fed to possibly reconsider its policy views in the near future.
However, analysts also warn investors not to rush to bet on the possibility of the Fed's early pivot. Mr. Fawad Razaqzada - market analyst at FOREX. com said that a month of job data is not enough to completely change interest rate expectations. According to him, the Fed's biggest focus is still inflation, so signals from the labor market need to be assessed more cautiously.
In addition to the interest rate factor, the market is also closely monitoring the situation in the Strait of Hormuz. Transportation through this region has become more stable than during the peak period of tension, but geopolitical risks have not completely disappeared. Any new developments related to oil supply or maritime security could increase safe-haven demand for gold.
Technically, the near resistance zone of gold is around 4,162-1,214 USD/ounce. If it crosses this area, the price may head towards higher levels around 4,382-1,411 USD/ounce. Conversely, if profit-taking pressure appears, the 3,959 USD/ounce zone will be an important support to monitor.
Gold price data is compared to the previous day.
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