SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 154-157 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 154-157 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.
Phu Quy Jewelry Group listed SJC gold bar prices at 154-157 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 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 gold ring prices at 154-157 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 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at 154-157 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 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 154-157 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 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 0:27 AM, world gold prices were listed around the threshold of 4,441.1 USD/ounce, down 45.5 USD/ounce.
Gold price forecast
World gold prices are struggling in a narrow range as the market is simultaneously affected by many opposing factors. The strengthening USD and rising crude oil prices continue to put pressure on the precious metal, while US Treasury bond yields cool down somewhat supporting gold prices.
Newly released data in the US shows that the number of vacant jobs in April increased to 7.6 million, higher than the 6.9 million of the previous month and exceeding market forecasts. This development shows that labor demand in the US has not clearly weakened.
However, the number of people quitting and recruitment activities both decreased, reflecting a more cautious sentiment from both workers and businesses before the May jobs report expected to be released at the end of the week.
Another factor continuing to dominate the market is tensions around the Strait of Hormuz. Negotiations between the US and Iran regarding traffic through this region have not yielded clear results, causing oil prices to remain high. Geopolitical risks often support safe-haven demand for gold, but rising oil prices may raise concerns about inflation, thereby raising expectations that the US Federal Reserve (Fed) will maintain high interest rates for longer.
According to analysts, the current impact on gold is two-way. On the one hand, geopolitical instability and the risk of energy transport disruption help gold maintain its defensive attraction. On the other hand, a strong USD and high oil prices are limiting the upward momentum of precious metals.
Technically, the 4,500-4,526 USD/ounce zone is being considered an important resistance level for gold prices. If it crosses this zone, gold prices may head towards higher levels around 4,550 USD/ounce, followed by 4,576 USD/ounce.
Conversely, if losing the support zone near 4,462 USD/ounce, gold prices may be under deeper correction pressure to the 4,418 USD/ounce area, even 4,400 USD/ounce.
In the short term, gold prices are forecast to continue to fluctuate strongly according to the diễn biến of the USD, oil prices, US bond yields and new information related to the US labor market. Investors need to be cautious, especially in the context that the buying-selling spread in the country is still high.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
