SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 4.6 million VND/tael on the buying side and down 3.6 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 4.6 million VND/tael on the buying side and down 3.6 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 146.2-149.6 million VND/tael (buying - selling), down 3 million VND/tael on the buying side and down 3.1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.4 million VND/tael.
The buying - selling price difference of gold is at a very high level, around 4 million VND/tael, posing a risk of losses for investors.
World gold price
At 6:00 AM, world gold prices were listed around the threshold of 4,328 USD/ounce, down 22.4 USD/ounce compared to the previous day.
Gold price forecast
World gold prices are entering a sensitive phase after a sharp drop last weekend. The positive US jobs report weakens expectations that the US Federal Reserve (Fed) will soon cut interest rates, while the USD and US Treasury bond yields are rising again. This is a disadvantageous combination for gold, because the precious metal does not yield yields and is often under pressure when the opportunity cost of holding is high.
In the short term, the diễn biến of gold prices is likely to continue to depend on US economic data, especially inflation. After the May jobs report exceeded expectations, the market will closely monitor the consumer price index (CPI) and the producer price index (PPI) to assess whether the Fed has more reason to maintain a tight monetary policy for longer or not. If inflation persists, interest rate cut expectations may continue to be pushed back, thereby putting pressure on gold.
Talking to Kitco News, Mr. Naeem Aslam - Investment Director at Zaye Capital Markets - said that the latest jobs report is in "hawkish" colors. According to this expert, positive labor data supports the USD, pulling bond yields up and weakening expectations of a strong Fed interest rate cut. In that context, gold may still be under pressure, unless geopolitical risks continue to boost safe-haven demand.
Technically, the fact that gold prices lost important support zones shows that the risk of price decreases in the short term is still present. Some experts believe that if selling pressure continues to increase, gold prices may test deeper support zones around 4,100 USD/ounce, even the 4,000 USD/ounce zone. However, this is also an area that can activate bottom-fishing buying from long-term investors.
Mr. Robert Minter - ETF Strategy Director at abrdn - said that gold price adjustments may still boost buying demand from central banks. According to him, the need to diversify reserves and concerns about global public debt are still important supporting factors for the precious metal.
In general, the short-term outlook for gold prices still leans towards caution due to pressure from interest rates and the USD. However, long-term fundamental factors such as safe-haven demand, central bank gold buying activities and global economic risks have not yet disappeared.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
