SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 163-166 million VND/tael (buying - selling), unchanged 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 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. 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 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 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 5:50 AM, world gold prices were listed around the threshold of 4, 613.4 USD/ounce, down 23.7 USD/ounce.
Gold price forecast
The latest surveys show that the outlook for gold prices this week is differentiated, although the optimistic trend is slightly higher in the context of improved market sentiment.
According to a Kitco News survey, among 16 Wall Street experts participating, 8 people (equivalent to 50%) predict gold prices will increase this week. Meanwhile, 5 experts (31%) believe that the precious metal may decrease, and the remaining 3 opinions believe that prices will move sideways. This development reflects the tug-of-war between recovery expectations and existing pressures from monetary policy.
In the group of individual investors, the online survey results with 79 votes also showed a similar view. 36 people (46%) expect gold prices to rise this week, while 24 people (30%) forecast a decrease.
The rest, accounting for 24%, believe that gold prices will fluctuate in a narrow range. In general, although the positive trend prevails, market sentiment is still quite cautious.
Regarding specific prospects, Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold is facing short-term correction risks. According to him, the recovery momentum from the 4, 510 USD/ounce zone has weakened as the price has not kept the 4, 647 USD/ounce mark.
The precious metal has the ability to retest the 4,495 USD/ounce zone. If this mark is broken, gold prices may continue to fall to the 4,400 USD/ounce zone," he assessed.
From a macroeconomic perspective, Mr. Adam Button - Head of Currency Strategy at Forexlive. com - believes that the "hawkish" trend of central banks is putting pressure on gold. According to this expert, global interest rate expectations have been adjusted to increase significantly compared to two months ago, narrowing the prospect of monetary policy easing.
This means that the opportunity cost of holding gold – a non-profit asset – increases, thereby limiting the upward momentum of the precious metal. In addition, oil price fluctuations and inflationary pressure continue to make central banks cautious, increasing instability for the gold market.
Overall, this week, gold prices may continue to fluctuate in a wide range, with a trend that is not really clear as supporting and pressuring factors are still intertwined.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
Due to the impact of year-end position restructuring and market liquidity, the December gold futures contract is currently the most actively traded contract on the CME exchange.
See more news related to gold prices HERE...
