9999 gold ring price
As of 6:00 PM, Ancarat listed the price of 9999 Tich Tai Gold Ring at 145.6-148.6 million VND/tael (buying - selling), down 400,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 145.4-124.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
DOJI listed the price of gold rings at 145.2-149.2 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 145.6-149.6 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
SJC gold bar price
As of 6:00 PM, Phu Quy listed SJC gold bar prices at the threshold of 145.4-148.7 million VND/tael (buying - selling), down 300,000 VND/tael on the buying side and keeping the selling side unchanged. The buying - selling difference is at 3.3 million VND/tael.
SJC gold bar price is listed by DOJI at the threshold of 145.7-148.7 million VND/tael (buying - selling), unchanged in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 145.6-149.6 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
Jewelry gold price
As of 6:00 PM, Ancarat listed the price of 24K 9999 Gold Jewelry at 140.6-148.6 million VND/tael (buying - selling), down 400,00 VND/tael in both buying and selling directions.
DOJI listed 9999 jewelry gold at the threshold of 144.5-148.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions.
Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at the threshold of 143.6-148.6 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions.
World gold price
Recorded at 6:20 PM, world gold prices were listed around the threshold of 4,456 USD/ounce, slightly up 1.4 USD/ounce.
Gold price forecast
The developments at the beginning of the week show that gold prices are entering a sensitive phase, as the market continuously adjusts expectations about the monetary policy of the US Federal Reserve (Fed). Immediately after opening, gold prices once fell to about 4,439 USD/ounce and then quickly recovered to 4,471 USD/ounce, creating a fluctuation range of more than 30 USD/ounce in a short time.
The continuous reversal of prices shows that buying power in the low zone still appears, but not strong enough to create a sustainable recovery momentum. In the short term, expectations that the Fed will continue to maintain tight monetary policy, even raise interest rates, are still a major obstacle for the precious metal. If the USD and US bond yields continue to rise, downward pressure on gold may increase.
The focus of the market in the coming sessions is a series of US economic data, especially related to the labor market. Manufacturing PMI indexes, JOLTS job opportunities, ADP private sector jobs report, number of unemployment claims and finally the August non-farm payroll may cause interest rate expectations to change rapidly.
If the labor market shows signs of weakening, the possibility of the Fed raising interest rates may be undervalued. At that time, the USD and bond yields have the opportunity to cool down, creating conditions for gold to recover. Conversely, stronger job data is expected to reinforce the view that the Fed still has room to maintain a tough policy, causing gold to face the risk of retesting low price zones.
Technically, the 4,400-4,436 USD/ounce area is a noteworthy area. If buying power is maintained well around this area, gold may form a price base and find opportunities for recovery. However, clearly penetrating the support zone may activate additional selling pressure and expand the correction phase.
Although short-term prospects are still risky, medium and long-term supporting factors have not completely disappeared. US public debt is high, fiscal expenses are increasing, inflation is persistent and geopolitical instability continues to maintain demand for defensive assets. In addition, the recent sharp decline appeared after a period of rapid gold gains, so part of the selling pressure may come from profit-taking activities.
Gold price data is compared to the previous day.
The information in the article only reflects market developments, not investment recommendations.
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