SJC gold bar price
As of 6:00 PM, Phu Quy listed SJC gold bar prices at the threshold of 143.5-146.5 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI at the threshold of 143.5-146.5 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The buying - selling difference was at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 143.5-146.5 million VND/tael (buying - selling), both down 1.1 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
9999 gold ring price
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 143.5-146.8 million VND/tael (buying - selling), simultaneously decreasing by 500,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3.3 million VND/tael.
DOJI Group listed the price of gold rings at 145-149 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
The price of gold rings was listed by Bao Tin Minh Chau at the threshold of 144.6-48.6 million VND/tael (buying - selling), down 700,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
Jewelry gold price
DOJI listed 9999 jewelry gold at the threshold of 143.5-147.5 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to this morning's trading session.
Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at 142.6-147.6 million VND/tael (buying - selling), down 700,000 VND/tael in both buying and selling directions.
World gold price
Recorded at 6:00 PM, world gold prices were listed around the threshold of 4,389.9 USD/ounce, down 39.10 USD.
Gold price forecast
Gold prices fell slightly on Monday after a positive US jobs report reinforced expectations that the US Federal Reserve (Fed) would raise interest rates this month, while investors are waiting for important inflation figures to get more clues about monetary policy prospects.
Spot gold prices fell nearly 1%, to 4,395.2 USD/ounce at 6:30 PM (Vietnam time). US gold futures for December delivery fell 0.2% to 4,466.90 USD/ounce, amid low trading volume due to the US market holiday.
In today's trading session, gold prices received buying power twice when falling below 4,400 USD/ounce, much lower than the important support zone around 4,320 USD/ounce, while selling power continued to appear when the price exceeded 4,500 USD/ounce.
According to CME's FedWatch tool, traders currently believe the probability of the Fed raising interest rates at next week's policy meeting is 58%, up from 50% before the jobs report was released on Friday.
The US producer price index (PPI) data is expected to be released on Thursday, while the consumer price index (CPI) will be released the next day.
Concerns about inflation remain high as attacks targeting sea transport activities at the weekend pushed oil prices up. Meanwhile, Iran said it would announce a new restricted zone in the Gulf in the coming days, along with a map of a new shipping route passing through the Strait of Hormuz.
Although gold is often seen as an inflation hedging tool, higher interest rates tend to reduce the attractiveness of gold - a non-performing asset to investors.
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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