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). The difference between buying and selling prices is at the threshold of 4 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 146.2-150.2 million VND/tael (buying - selling). 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). 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). The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 146.2-150.2 million VND/tael (buying - selling). 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). 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 5:55 AM, world gold prices were listed around the threshold of 4,328 USD/ounce.
Gold price forecast
World gold prices are under great pressure after US jobs data is more positive than forecast, pulling the USD and US Treasury bond yields up. This development reduces expectations that the US Federal Reserve (Fed) will soon cut interest rates, thereby adversely affecting the precious metal.
Kitco News' latest weekly gold survey shows that the psychology of Wall Street analysts strongly leans towards a negative trend in the short term. Among the 15 experts surveyed, 11 people, equivalent to 74%, predict gold prices will decrease this week. Only 2 experts, equivalent to 13%, believe that gold prices may increase; the other 2 predict the market will move sideways.
In the group of individual investors, sentiment is also more cautious after a week of sharp decline in gold prices. In 49 online surveys, 47% of investors expect gold prices to increase this week, while 37% forecast prices to decrease and 16% believe prices will remain unchanged.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold prices are showing signs of weakening after US jobs data is more positive than expected and bond yields increased. According to him, the drop of gold prices below the 200-day moving average is a noteworthy technical signal, in which the bottom of May may become a milestone observed by the market.
Meanwhile, Mr. Kevin Grady - Chairman of Phoenix Futures and Options - said that the US economy is still showing much better resilience than previously feared. According to him, the latest jobs report reduces expectations of the Fed's ability to cut interest rates soon. This makes gold lose some of its appeal as a safe-haven asset.
However, some opinions suggest that the recent sell-off may have over-reflected short-term unfavorable factors. The gold buying demand of central banks is still a long-term supporting factor, while geopolitical risks, if escalating again, could help the precious metal recover.
This week, the market will pay attention to US inflation data, including consumer price index and producer price index. These figures may continue to orient interest rate expectations, thereby strongly impacting gold prices.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
