SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at 171-174.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold bars at the threshold of 171-174.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 171-174.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI Group listed gold rings at the threshold of 171-174.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 169.5-172.5 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 171-174 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 3-3.5 million VND/tael, posing a risk of losses for investors.
World gold price
At 5:30 am, world gold prices were listed around the threshold of 4,676 USD/ounce, unchanged compared to the previous day.
Gold price forecast
Under intertwined pressure from geopolitics, US monetary policy and fluctuations in the USD, gold price outlook this week is assessed in a more cautious direction, although the long-term support trend has not been broken.
Weekly gold surveys with Wall Street experts show that observing sentiment is dominant. Among 15 participating experts, only 27% predict gold prices will continue to rise, 20% believe prices may fall, and 53% believe the market is in a state of balance or choose to stand aside and wait for more clear signals.
This development reflects the cautiousness of analysts in the face of inconsistent messages from the US administration related to Iran, in the context that geopolitical risks have not yet cooled down completely.
In the opposite direction, individual investors are still more inclined towards the possibility of gold price increase. Kitco's online survey recorded 59% of opinions that the precious metal will go up this week, while 21% predicted a decrease and 20% predicted a sideways trend. The difference between the perspectives of experts and small investors shows that the market is still strongly dominated by psychological factors.
In the short term, a series of US economic data released this week will be important variables for gold prices, from PMI ISM services, durable goods orders, FED meeting minutes to GDP, core PCE, CPI and consumer confidence index.
If data shows that inflation remains persistent and the FED continues to maintain a cautious stance, gold may face adjustment pressure due to the increased opportunity cost of holding non-performing assets.
However, many fundamental factors are still creating support for the precious metal. According to HSBC's commodity strategists, although gold prices have recently fluctuated sharply, gold still plays an important role in diversifying investment portfolios.
Mr. Willem Sels and Ms. Lucia Ku continue to maintain a positive outlook on gold in the next 6 months, emphasizing that safe-haven demand and risk hedging benefits are still the basis for price support.
In addition, buying power from central banks continues to be a noteworthy support. The World Gold Council's report shows that in February, central banks net bought 19 tons of gold, showing that reserve demand is still present despite the unstable economic environment. This may help limit the decline of gold if the market experiences more fluctuations this week.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
