SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged 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 is listed by Bao Tin Minh Chau at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged 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 the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged 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 164.5-167.5 million VND/tael (buying - selling), unchanged 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 164.3-167.3 million VND/tael (buying - selling), unchanged 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 5:48 AM, world gold prices were listed around 4,713.7 USD/ounce, down 16.1 USD/ounce.
Gold price forecast
Although the US labor market is sending more positive signals than expected, world gold prices still maintained their upward momentum in the last session of the week thanks to risk-taking sentiment and expectations that the US Federal Reserve (Fed) may cut interest rates in the near future.
The US April jobs report showed that the country's economy created 115,000 new jobs, significantly higher than the forecast of about 65,000 jobs. The unemployment rate remained at 4.3%. This data partly helped ease concerns about a sharp decline in the labor market, but not strong enough to make the Fed change its policy stance immediately.
Mr. Phillip Neuhart - Market and Economic Research Director at First Citizens Wealth - said that the US economy is currently in a state of "low recruitment but also low layoffs". According to this expert, that context still leaves open the possibility of the Fed cutting interest rates, but has not created enough pressure for this agency to act soon.
Investors are currently closely monitoring the developments of the USD, US bond yields and oil prices after a volatile week related to tensions in the Middle East. Although the US and Iran still maintain dialogue, the conflict around the Strait of Hormuz continues to heat up the energy market. Brent oil prices are still fluctuating around the 100 USD/barrel mark, raising concerns about prolonged inflationary pressure.
According to experts, this is a factor that both supports and puts pressure on gold. In the short term, high oil prices may push bond yields up, adversely affecting non-performing precious metals. However, geopolitical risks and prolonged inflation risks still help gold maintain its safe haven role.
Another notable point is that the gold buying trend of central banks has not stopped. The World Gold Council (WGC) said that although some countries net sold gold in March, many central banks such as China, Poland or Kazakhstan continued to increase reserves.
In particular, the People's Bank of China has had its 18th consecutive month of buying more gold. Experts believe that the trend of diversifying foreign exchange reserves and reducing dependence on the USD is creating a "long-term price base" for gold.
Analysts believe that if the USD weakens and US bond yields cool down, gold prices may continue to move up the resistance zone around 4,750-4,780 USD/ounce in the short term. However, profit-taking pressure and fluctuations from US economic data may still cause the market to fluctuate strongly in the coming sessions.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
