SJC gold bar price
As of 6:00 AM on July 8th, Phu Quy Gold and Gems Group listed SJC gold bar prices at 146.5-150 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price is listed by DOJI at 147-150 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 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 145.5-149.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. 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 on July 8, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 146.5-149.5 million VND/tael (buying - selling), down 900,000 VND/tael for both buying and selling. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
DOJI listed the price of gold rings at 147-150 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 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 145.5-149.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
World gold price
At 10:40 PM on July 7, world gold prices were listed around the threshold of 4,145.8 USD/ounce, down 6.8 USD.
Gold price forecast
World gold prices are maintaining a state of stalemate as support from weakening US jobs data faces pressure from the USD and US Treasury bond yields rebound.
In the trading session on Tuesday, spot gold prices at one point fluctuated in the range of 4,116.2-4,169.4 USD/ounce. The precious metal continued to maintain the support zone above 4,100 USD/ounce, but could not overcome the important resistance area around 4,200 USD/ounce.
Market sentiment is still influenced by the US June jobs report. The world's largest economy only created 57,000 jobs in the month, while figures for April and May were adjusted down by a total of 74,000 jobs. The unemployment rate remained at 4.2%.
The above figures reduce concerns that the US Federal Reserve (Fed) will soon tighten monetary policy more strongly. However, gold's upward momentum is being limited as the yield of 10-year US Treasury bonds returns to the 4.5% zone, while the USD Index also recovered to around 101 points.
In the short term, investors are turning their attention to the Fed meeting minutes. More tougher monetary policy signals could put pressure on gold's recovery. Conversely, if further inflation data shows that price pressure continues to cool down, the precious metal will have more momentum to expand its upward momentum.
Geopolitical factors are also creating certain support for gold. Attacks targeting commercial ships near the Strait of Hormuz caused oil prices to increase by more than 1.5% in European trading. However, the reaction of the oil market is still relatively limited due to the recovery of supply in the Gulf region, OPEC+ continues to increase production and the physical market has not seen a serious shortage.
Therefore, risks in Hormuz currently only create a moderate level of shelter demand. The diễn biến of the USD, bond yields and Fed policy expectations are still factors that determine gold price trends.
Technically, the 4,200-4,260 USD/ounce zone continues to be an important resistance area. If it is surpassed and maintained above this zone, gold prices may aim for higher targets around 4,370 USD/ounce, and further, 4,500 USD/ounce.
In the opposite direction, the 4.991 USD/ounce zone is considered near support. If this level is broken, gold prices are at risk of falling back to 4,000 USD/ounce, even testing the 3.959 USD/ounce zone.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
