SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 185.2-188.2 million VND/tael (buying - selling), down 2.7 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 185.2-18.82 million VND/tael (buying - selling), down 2.7 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 185.2-18.82 million VND/tael (buying - selling), down 2.7 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 185.2-18.82 million VND/tael (buying - selling), down 2.7 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 185.2-188.2 million VND/tael (buying - selling), a sharp decrease of 2.7 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 185.2-188.2 million VND/tael (buying - selling), a sharp decrease of 2.7 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 0:30 am, world gold prices were listed around the threshold of 5,081.8 USD/ounce. Compared to the previous day, world gold prices decreased by 278 USD.
Gold price forecast
Gold and silver prices fell sharply, under pressure as the USD index rose sharply to its highest level in many months, while US Treasury bond yields also went up. These two external factors are overwhelming the fear of increased risks in the general market.
Gold futures for April delivery fell $10.6, down to $5,120.8/ounce. Meanwhile, silver futures for March delivery fell $5,704, to $82.6/ounce.
According to Kitco, traders and investors are more cautious than in the first session of the week. Part of the reason comes from concerns related to geopolitical tensions in the Middle East, amid assessments that the conflict could drag on and increase pressure on the defense systems of the parties involved.
A problem that the market is particularly concerned about is the cost factor in defense activities. Many opinions suggest that relatively low-cost drones may force the defense side to use much more valuable interception systems. This cost difference raises concerns about sustainability in the event of prolonged tensions.
Ms. Marion Messmer - Director of the International Security Program at Chatham House, said that the US is purchasing a smaller number of interceptor missiles annually than it has used, creating a risk of vulnerability. Iran also threatened to attack any ships entering the Strait of Hormuz. The market may be considering a longer-than-forecast conflict scenario.
In related markets, the USD index rose steadily and reached its highest level in 6 weeks. Nymex crude oil prices rose sharply, reaching a 9-month high, trading around $76.50/barrel. The yield on 10-year US Treasury bonds is currently at around 4.0%.
Technically, the next price increase target of gold buyers is to bring the closing price above the strong resistance level at the week's peak of 5,434.1 USD/ounce. Conversely, the short-term price decrease target of sellers is to pull the price below the important technical support level of 5,000 USD/ounce.
The nearest resistance level was recorded at 5,200 USD/ounce, followed by 5,250 USD/ounce. The first support level was at 5,000 USD/ounce and then 4,900 USD/ounce.
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 quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
See more news related to gold prices HERE...
