Investor loses 7 million VND/tael after a week
After a week of trading, domestic gold prices recorded an adjustment in many products. SJC gold bar prices closed the week session at 143-146 million VND/tael (buying - selling), down 1.6 million VND/tael in both directions compared to the previous weekend session.
However, the loss that investors have to bear when selling does not only depend on the decrease in gold prices. When trading gold, buyers must buy at the selling price of the enterprise, but when selling, it is calculated at the purchase price at the same time. Therefore, the actual loss is formed from two factors: gold price fluctuations in the holding period and the difference between the purchase price and the selling price.
With SJC gold bars, if buying on September 6th and selling on September 13th, investors at SJC or DOJI may suffer a loss of about 4.6 million VND/tael.
Meanwhile, 9999 gold rings recorded a larger difference. At DOJI, the price of gold rings is listed at 143-147 million VND/tael, with a buying - selling gap of 4 million VND/tael. People who bought gold rings at the end of last week and sold them now may suffer a loss of about 7 million VND/tael.
In Phu Quy, the price of gold rings is listed around 143-146.4 million VND/tael. The loss of buyers in the same period is estimated at about 4.9 million VND/tael.
Thus, although gold prices have different adjustments in each product, the gap between buying and selling prices is a factor that makes short-term gold holding results significantly different.
World gold awaits more signals from the Fed
On the international market, gold closed the trading week at 4,347.7 USD/ounce, down 81.4 USD compared to a week ago.
Gold prices are affected as US economic data increases expectations that the US Federal Reserve (Fed) may maintain a high interest rate policy for a longer time. Increased US bond yields increase the opportunity cost of holding gold, as precious metals do not generate cash flow.
However, the market has not shown signs of a prolonged downward trend. Gold prices are still supported by the developments of the USD, US bond yields and risk factors in the global economy.
In addition, the demand for gold from central banks continues to be a factor of concern as many countries maintain a strategy of increasing gold reserves to reduce risks in the face of financial market fluctuations.
In the coming week, investors will continue to monitor policy signals from the Fed. Changes in expectations about interest rates, the USD and US bond yields may affect the diễn biến of gold prices.
The developments of the past week show that, in addition to monitoring gold price trends, short-term investors need to pay attention to the buying-selling difference because this is a factor that directly affects the efficiency of buying and selling gold in a short time.
The article only updates the developments of the gold market and factors affecting the price of precious metals, not investment recommendations.
