SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 180.8-183.8 million VND/tael (buying - selling), down 900,000 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 180.8-183.8 million VND/tael (buying - selling), down 900,000 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 181-183.8 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 900,000 VND/tael on the selling side. The difference between buying and selling prices is at 2.8 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI Group listed the price of gold rings at the threshold of 180.8-183.8 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 180.8-183.8 million VND/tael (buying - selling), down 900,000 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 Gold and Gems Group listed the price of gold rings at the threshold of 180.8-183.8 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
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 1:00 AM, world gold prices were listed around the threshold of 5-139.6 USD/ounce. Compared to the previous day, world gold prices increased by 55.5 USD.
Gold price forecast
World gold prices rose last night after US economic data sent out less positive than expected signals. The February jobs report showed that the US economy lost about 92,000 non-farm jobs, reversing the increase of the previous month. The unemployment rate also edged up to 4.4%, higher than market forecasts.
These figures reinforce expectations that the US Federal Reserve (Fed) may have to consider easing monetary policy in the near future to support the economy. Expectations for interest rate reductions are often a positive factor for precious metals, because a low interest rate environment reduces the opportunity cost when holding gold.
In addition to economic factors, the market is also affected by geopolitical tensions in the Middle East. Developments related to Iran and the risk of global energy supply disruptions have increased risk prevention sentiment in the financial market. International crude oil prices have therefore also surged sharply, while cash flow tends to turn to safe-haven assets such as gold.
Some experts believe that during a period of strong market volatility, investors often prioritize highly liquid assets such as the USD or US government bonds. This may put pressure on gold prices to adjust in the short term, although long-term prospects are still positively assessed.
Mr. Thorsten Polleit - Honorary Professor of Economics at Bayreuth University recommends that investors should approach the gold market with a long-term vision instead of chasing short-term fluctuations. According to Mr. Polleit, those who are considering buying gold at the current stage can still participate in the market if they determine to hold for a period of two to three years or more.
Technically, buyers on the April gold futures contract market are aiming to bring the closing price above the strong resistance level at 5,434.10 USD/ounce - the peak of this week. Meanwhile, sellers want to pull the price down below the important support zone of 5,000 USD/ounce.
The nearest resistance level is currently at 5,200 USD/ounce and then 5,250 USD/ounce, while the near support is at 5,000 USD/ounce and then 4,900 USD/ounce. The Wyckoff market rating is at 7.0 on a scale of 10, showing that buyers are holding a clear advantage in the short term.
Gold price data is compared to the previous day.
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