SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 147.4-151 million VND/tael (buying - selling), down 600,000 VND/tael on the buying side and down 400,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.6 million VND/tael.
SJC gold bar price was listed by DOJI at 148-151 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 146.5-150 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
9999 gold ring price
As of 6:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 147.4-150.4 million VND/tael (buying - selling), down 600,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 3 million VND/tael.
DOJI listed the price of gold rings at 148-151 million VND/tael (buying - selling), down 400,000 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 the price of gold rings at the threshold of 146.5-150 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
World gold price
At 0:00, the world gold price was listed around the threshold of 4,152.6 USD/ounce, down 21.5 USD.
Gold price forecast
Gold prices are entering a period of fluctuation as the market has not found strong enough momentum to overcome the 4,200 USD/ounce resistance zone. Pressure from the recovering USD, interest rate prospects in the US and mixed signals from the world's largest economy are making cash flow more cautious.
The latest data shows that the US service sector continues to maintain its growth momentum, although the rate is somewhat slowing down. The US Institute of Supply Management (ISM)'s Purchasing Managers' Index fell from 54.5 points in May to 54 points in June. The level above 50 points still reflects expanding economic activity, but the components of the report show that the second half of the year's prospects still have many noteworthy factors.
The US Supply Management Institute said that the number of sectors recording growth in June decreased compared to the previous month, while the number of sectors declining increased. Price pressure from tariffs is still mentioned by businesses, and the trend of increasing inventory to anticipate trade fluctuations seems to be weakening.
The gold market reacted quite cautiously to these data. Precious metal prices are under pressure as investors still assess the possibility that the US Federal Reserve (Fed) will maintain a cautious monetary policy in the face of inflationary pressure. However, the weaker-than-expected jobs report is reducing forecasts about the Fed's ability to raise interest rates in the short term.
The US labor market is currently showing many mixed signals. The low number of new jobs shows that the economy is showing signs of slowing down, but the unemployment rate is decreasing and the difficulties in recruitment of small businesses make the prospects of monetary policy still unclear.
Besides interest rates, developments in the Middle East continue to provide certain support for gold, although safe-haven demand is not strong enough to become the main driving force. Transportation through the Strait of Hormuz is gradually recovering, while oil prices are cooling down after information that some OPEC+ members expect to increase production.
In the short term, analysts believe that gold prices may continue to fluctuate strongly in a narrow range. The focus of the market is the minutes of the Fed's most recent meeting, because this document may provide more signals about interest rate orientation.
If the Fed continues to emphasize inflation risks, gold prices may face further pressure; conversely, more cautious signs for growth and the labor market may help the precious metal regain momentum.
Gold price data is compared to the previous day.
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