SJC gold bar price
As of 9:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 169.7-172.7 million VND/tael (buying - selling), an increase of 2.2 million VND/tael on the buying side and an increase of 1.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 169.7-172.7 million VND/tael (buying - selling), an increase of 2.2 million VND/tael on the buying side and an increase of 1.2 million VND/tael on the selling side. 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 169.7-172.7 million VND/tael (buying - selling), an increase of 2.2 million VND/tael on the buying side and an increase of 1.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 9:30 am, DOJI Group listed gold ring prices at the threshold of 169.7-172.7 million VND/tael (buying - selling), an increase of 2.2 million VND/tael on the buying side and an increase of 1.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 169.7-172.7 million VND/tael (buying - selling), an increase of 2.2 million VND/tael on the buying side and an increase of 1.2 million VND/tael on the selling side. 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 169.3-172.3 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.3 million VND/tael on the selling side. 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 9:36 am, world gold prices were listed around 4,743 USD/ounce, up 16.1 USD compared to the previous day.
Gold price forecast
World gold prices continue to anchor at high levels after the US announced the core PCE index - the preferred inflation measure of the US Federal Reserve (Fed) - increased by 0.4% in February. This data is not surprising to the market, but shows that inflationary pressure has not completely cooled down, thereby making expectations of monetary policy easing more cautious.
In that context, gold still receives certain support thanks to the weakening USD, while crude oil prices remain around the high threshold. Many experts believe that the developments of inflation, interest rates and geopolitical tensions will continue to be important variables dominating the trend of precious metals in the coming time.
According to the analysis team of State Street Investment Management led by Mr. Aakash Doshi, although gold is facing some short-term obstacles due to rising energy prices raising concerns about inflation and prolonged high interest rates, the long-term outlook for this precious metal remains positive.
The analysis team believes that there is still a 50% chance that gold will fluctuate in the 4,750-5,500 USD/ounce range in the remainder of the year and does not rule out the possibility of exceeding the 5,000 USD/ounce mark by the end of the year.
State Street also noted that the recent adjustment pressure on gold mainly comes from the market's re-adjustment of expectations about the Fed's policy roadmap and increased real yields, rather than reflecting the weakening of structural gold demand.
In the long term, increased global public debt risks, large budget deficits and the trend of central banks maintaining gold accumulation are still significant supporting factors for precious metal prices.
Meanwhile, Ms. Roukaya Ibrahim - Director of Commodity Strategy at BCA Research - said that gold may still fluctuate in the short term due to the impact of speculation, real interest rates and geopolitical tensions.
However, she believes that when the inflation shock gradually shifts to impact slowing down economic growth, bond yields may cool down, thereby creating a more favorable environment for gold recovery.
Technically, the 5,000 USD/ounce threshold is being considered an important resistance level for gold in the coming time. In the opposite direction, the 4,500 USD/ounce zone plays a strong supporting role. This shows that gold prices may still fluctuate, but the long-term upward trend has not been broken.
Gold price data is compared to the previous day.
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